
Homes for Rent in Memphis, TN Under $1,500 (584 Rentals)


1905 Crump Ave

3556 Christine Rd

3891 Moss Bank Cv

5037 Kaye Rd

4234 University St

2617 Hale Ave

3522 Stuart Rd, Unit F

5096 Breckenwood Dr

4682 Lone Rock Cv
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.

2011 Waverly

6725 Quail Hollow Ct, Unit Quail Hollow

24 N Cooper St, Unit 1

3654 Kearney Ave, Unit Left Unit - Kathy

3656 Kearney Ave, Unit Right Unit

8293 George Brett Dr

8293 George Brett Dr
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

3917 Kerwin Dr

3223 Boone St

6341 Cheekwood Ave

4680 Waterfront Oak Dr

1905 Kilarney Ave

5262 Sunray Dr

5176 Rolling Meadows Dr

965 Elizabeth Ln

7498 Wheatfield Dr

6599 Red Birch Dr

1751 Capri Rd

5010 Rossi Cove

Spacious 3-Bedroom, 2-Bath Home for Rent!

4551 Summer Creek N

Your Perfect Home: Renovated 3 Bed, 1 Bath!

Fully Renovated 3BR/2BA Home – Move-In Ready!

Updated 3-Bedroom, 2-Bath Home for Rent!

3580 Bruton Pl

5303 Villa Del Rey Dr

3269 Chancellor St
Memphis, TN Local Guide

How much does it cost to rent a home in Memphis?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Memphis 2 Bedroom Homes for Rent | $1,205 | $650 | $2,975 |
Memphis 3 Bedroom Homes for Rent | $1,568 | $650 | $3,500 |
Memphis 4 Bedroom Homes for Rent | $1,904 | $975 | $3,995 |
Memphis 5 Bedroom Homes for Rent | $2,927 | $1,034 | $6,000 |
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Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Frequently Asked Questions about Memphis
What type of rentals are currently available in Memphis?
There are currently 1779 Apartments for Rent in Memphis, TN with pricing that ranges from $525 to $17,020. There are also 1712 Single Family Homes for rent, Condos, and Townhome rentals currently available in Memphis ranging from $550 to $6,000.
What is the current price range for Rental Homes in Memphis?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Memphis ranges from $550 to $6,000 with an average monthly rent of $1,638.
How much are larger Three and Four Bedroom Rentals in Memphis?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Memphis range from $699 to $7,548, while Three Bedroom Homes, Condos, and Townhomes for rent range from $650 to $3,500. Four Bedroom Single-Family rentals are also available starting from $975 and Four Bedroom Apartments start at $549.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.