
Top Rated Apartments for Rent in Memphis, TN Under $1,500 (127 Rentals) Page 2 of 3
Apartments in Memphis with the best features, newest construction, and richest amenities.


The Galloway @ Evergreen

1170 Peabody Ave

Eleven60

Oak Grove Flats

The Bowery

The Elevation at Autumn Ridge

Emerald Pointe

Audubon Downs

Hickory Pointe
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Macon Crossing Apartments

Aspen Parc

The Bonsai at Central Gardens

Summerwood

Getwell Pointe Apartments

The Local Apartments

The Gilmore Apartments

The Sylvia

The Park at Paisley

The Trails at Mt. Moriah
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Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Cherry Creek Apartments

The Junction

Emerald Ridge Apartments

Woodlake Apartments

Emerald Park Apartments

High Point Apartments

Longview Heights

The Annex of Memphis

Total Monthly Price
Barksdale Flats

South Junction Apartments

Total Monthly Price
Urban Loft Co. Memphis- Utilties Included

Bristol On Union Apartment Homes

East Parkway Apartments

Pembroke Square Apartments

50 Peabody Place

Van Vleet Flats

Madison Shelby Farms

Shelby Grove

The Courtyard at Ironworks

The Edge of Germantown

Cromwell Park Apartments

Ridgeway Commons Townhomes

Cane Creek Apartments

Cherokee Cabana

Tiger Flats

Madison East Apartments

University Highlands Apartments

Glendale Park Apartments

Mason Homes on 4th

Grainge Hill Apartments
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 | $1,081 | $547 | $7,985 |
| Memphis 1 Bedroom Apartments | $1,138 | $525 | $2,850 |
| Memphis 2 Bedroom Apartments | $1,262 | $560 | $5,042 |
| Memphis 3 Bedroom Apartments | $1,672 | $550 | $4,110 |
| Memphis 4 Bedroom Apartments | $1,444 | $550 | $2,560 |
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Frequently Asked Questions about Memphis
How much are Studio apartments in Memphis?
There are currently 632 Studio Apartments in Memphis with rent ranges from $548 to $7,985 with an average price of $1,449.
What is the current price range for One Bedroom Memphis Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Memphis ranges from $525 to $2,850 with an average monthly rent of $1,138.
What does renting a Two Bedroom Apartment in Memphis cost?
The monthly rent prices of Two Bedroom Apartments currently available in Memphis range from $560 to $5,042. Today's average rental price for Two Bedrooms here is $1,262.
How expensive are Memphis Three Bedroom Apartments?
There are currently 402 Three Bedroom Apartments listings available in Memphis on ApartmentHomeLiving.com. The pricing ranges from $550 to $4,110 - averaging $1,672 for the location.
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.
Helpful Local Expert Guides

Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City
Written by: Joshua Carlucci
Hello from Memphis, Tennessee. I'm Josh, your ApartmentHomeLiving.com Local Expert for Memphis, and I spent years in this city eating, writing, cooking, studying, and getting to know it block by block.

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Affordable Memphis: The Best Lower Priced Neighborhoods with Character
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Articles, How-To's, and Tips

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.