
Townhomes for Rent in Memphis, TN Under $1,500 (83 Rentals)


1976 Goldbrier Ln

3716 Dorado Ave

669 S Mansfield St

7013 Crestridge Rd

4123 Tunbridge Pl

5573 Tulip Tree Dr

1325 Bruce St

1620 Beaver Trail Dr

6788 The Willows Cove
Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City
Moving to the Bluff City? Get the insider’s guide on Memphis life, from specific neighborhood personalities and current average rent, to the best barbecue and live music spots.

1994 Eastend Dr

1725 Ridge Oak Pl

6764 Enchanted Oak Pl

6761 Whitten Pine Dr

1581 Beaver Trail Dr

6761 Whitten Pine Dr

785 N Belvedere Blvd

4230 Cedartree Dr

5656 San Mateo Cove

4350 Ann Arbor Ln
Exploring Rental Options: Apartments, Townhomes, and Lofts—Oh My!
Looking for the perfect rental? From apartments and condos to lofts and single family rentals, explore the unique pros and cons of each rental type to help you land in your perfect new place.

4375 Misty Morning Dr

1710 Kirby Pky

2371 N Orchid Dr

1857 S Perkins Rd

757 Houston St

755 Houston St

1540 Tutwiler Ave

1542 Tutwiler Ave

3899 Kerwin Dr

781 Candace Dr
The Local Memphis Expert's Guide to Renting Near the City's Top Employers
Memphis apartment guide from a local expert, breaking down neighborhoods, average rent, and ideal commute times near the 5 largest employers - FedEx, St. Jude, U of M, Methodist, and AutoZone.

4701 Queens Lace Ct

3385 Barbwood Dr

3207-3213 13 Colony Mall

3247-3213 13 Colony Mall

3249-3213 13 Colony Mall

3232-3213 13 Colony Mall

3049 Carnes Ave

1589 Jackson Ave

670 Hobbs Dr

3434 Spottswood Ave
Affordable Memphis: The Best Neighborhoods with Character and Lower Rents
Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.

689 Miles

695 Miles

3450 Spottswood Ave

684 Hobbs Dr

5655 Myers Rd

925 S Cox St

3992 Ashview Cove

703 Dickinson St

6772 Quail Hollow Ct

4781 Townhouse Way
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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 Townhomes for Rent | $1,164 | $649 | $2,900 |
| Memphis 3 Bedroom Townhomes for Rent | $1,640 | $895 | $3,500 |
| Memphis 4 Bedroom Townhomes for Rent | $2,282 | $1,400 | $4,000 |
Browse Top Townhomes for Rent in Memphis
Explore Memphis
Memphis, TN Local Guide
- Memphis Neighborhoods
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College Life in Memphis: Affordable Neighborhoods Where Students Rent and Thrive
Where do Memphis students actually live? Our local expert reveals the best affordable neighborhoods to rent near U of M, Rhodes, and CBU. Get local tips & save on rent!
Read ArticleNavigating 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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Memphis, TN Rentals by Map
See the most popular apartments and homes in Memphis, TN
Frequently Asked Questions about Memphis
What type of rentals are currently available in Memphis?
There are currently 1943 Apartments for Rent in Memphis, TN with pricing that ranges from $450 to $6,610. There are also 1969 Single Family Homes for rent, Condos, and Townhome rentals currently available in Memphis ranging from $550 to $4,000.
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 $4,000 with an average monthly rent of $1,307.
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 $575 to $4,109, while Three Bedroom Homes, Condos, and Townhomes for rent range from $895 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $550.
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.

The Local Memphis Expert's Guide to Renting Near the Citys Top Employers
Written by: Joshua Carlucci
I'm Josh, your ApartmentHomeLiving.

College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Articles, How-To's, and Tips

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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
Written by: Robin Stewart
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.