
Homes for Rent in Memphis, TN Under $1,500 (811 Rentals) Page 2 of 17


4483 Sunny View Dr

4812 Barkshire Dr

4454 Kimball Ave

3424 Boxdale St

3412 Lucibill Rd

6512 Lancer Dr

3293 S Perkins Rd

4402 Guildhall Dr, Unit 416

2645 Mirror Ave
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.

2532 Sam Cooper Blvd

4882 Amboy Rd

3400 Hallbrook St

1584 Carpenter St

2585 Callie Rd

3081 Sunrise St

760 Hanley St

2900 Flora Ave

3134 Pacific Ave

3388 Carrington Rd

3726 Socorro Cove

6761 Whitten Pine Dr

6167 Scarlet Leaf Dr

457 Fernhill Cove

5166 Blueridge Dr

4379 Hunt Cliff Trce

705 S Graham St

644 Kent St

3805 Lake Park Cove

1873 Grovehaven Dr

4322 Appian Cove S

3924 Brennan Dr

836 Maury St

5337 Yale Rd

5288 Yale Rd

6761 Whitten Pine Dr

3578 Faxon Ave, Unit 3

857 Pope St

6861 Valley Park Dr

5121 Ginger Cir

6919 Glenwick Dr

4200 Zelda Ln, Unit E102

5697 Tulip Tree Dr

6722 N Regency Park Cir, Unit 507

6052 Scarlet Leaf Dr

3193 Craig St

2693 Satellite St

1456 E Raines Rd

4210 Appian Dr, Unit 5

1936 Frisco Ave
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 | $1,244 | $575 | $3,840 |
| Memphis 3 Bedroom Homes for Rent | $1,643 | $750 | $3,400 |
| Memphis 4 Bedroom Homes for Rent | $2,069 | $895 | $6,000 |
| Memphis 5 Bedroom Homes for Rent | $3,104 | $1,095 | $7,500 |
| Memphis 6 Bedroom Homes for Rent | $3,197 | $2,100 | $4,495 |
Browse Top Homes for Rent in Memphis
Explore Memphis
Frequently Asked Questions about Memphis
What type of rentals are currently available in Memphis?
There are currently 1882 Apartments for Rent in Memphis, TN with pricing that ranges from $450 to $7,985. There are also 1857 Single Family Homes for rent, Condos, and Townhome rentals currently available in Memphis ranging from $550 to $7,500.
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 $7,500 with an average monthly rent of $2,031.
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 $650 to $4,029, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $3,400. Four Bedroom Single-Family rentals are also available starting from $895 and Four Bedroom Apartments start at $599.
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

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

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.

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

Memphis, Tennessee: A Local Experts 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.
Articles, How-To's, and Tips

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.