
New Apartments for Rent in Memphis, TN Under $1,500 (64 Rentals) Page 2 of 2


South Main Artspace Lofts

Mason Homes on 4th

Elite Living Residence

Tapestry Forest Creek

Grays Creek Apartments

Lakeland Town Square

Velo Shelby Farms

The Charleston

Springs at Colonial

Barton Court Apartments

Lakeland Town Square Phase II

Millington Flats

Frisco Park
Memphis, TN Local Guide

How much does it cost to rent an apartment in Memphis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Memphis Studio Apartments | $1,044 | $547 | $7,985 |
| Memphis 1 Bedroom Apartments | $1,153 | $525 | $2,858 |
| Memphis 2 Bedroom Apartments | $1,291 | $550 | $4,900 |
| Memphis 3 Bedroom Apartments | $1,709 | $715 | $6,998 |
| Memphis 4 Bedroom Apartments | $1,356 | $640 | $2,690 |
Explore Memphis
Frequently Asked Questions about New Memphis Apartments
What is the Cheapest New apartment in Memphis?
Currently the most affordable New Apartment in Memphis is at The Nine at Memphis listed at $640.
How much is the average rent for a New Memphis Apartment?
The average rent for a New Apartment in Memphis is $1,601.
What is the largest New Memphis Apartment for rent?
Today's New apartment with the most square footage in Memphis is a 2,295 square feet unit starting from $1,400 at The Oliver Luxury Apartments.
What is the average size for Memphis New Apartments for rent?
The average size for a New rental in Memphis is currently at 631 sq ft.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.