
Apartments for Rent in the Raleigh Neighborhood of Memphis, TN (93 Rentals)


Hilldale Apartments

Lexington Apartments

Stonegate Apartments

Rivergrove

Epping Way

Avery Park Apartments

Walden Pointe

Huntington Hills
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.

Sunridge Townhomes

The Meridian Apartments

Luxe at Raleigh

Cedarwood Apartments

4376 Yale Rd

3649 Haughton Ln, Unit #2

2879 Beverly Hill St, Unit 2866-02

3040 Wade St

4809 S Hunters Glen St

4769 S Milnor Dr
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.

4087 Trudy St

2952 Clearwood Rd

2776 Ravenwood Dr

2561 McArthur Dr

3944 Twinmont St

4734 Quintall Ave

5130 Kingswood Cir

3760 St Elmo Ave

3723 Merritt St

3718 Wordsworth Ave
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.

4041 Hitchcock Dr

2835 Toehill Cove

4721 Kenneth Cove

3710 Dorado Cove

2406 Jenwood St

3711 Teresa Cove

5217 Bruton Ave

3349 Lynchburg St

3325 Fairbanks St

3916 Tessland Rd
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.

3450 Glenshaw Dr

2 Bedroom

3463 Bowman Ave

3558 Greentree Dr

3596 Naylor Dr

3573 Monessen Dr

2883 Coach Dr

2839 Coach Dr

4178 Lansford Dr

1 TN-1
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Raleigh, Memphis, TN Local Guide

How much does it cost to rent an apartment in Raleigh?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Raleigh Studio Apartments | $695 | $695 | $695 |
| Raleigh 1 Bedroom Apartments | $766 | $649 | $900 |
| Raleigh 2 Bedroom Apartments | $955 | $729 | $1,145 |
| Raleigh 3 Bedroom Apartments | $1,116 | $829 | $1,499 |
| Raleigh 4 Bedroom Apartments | $1,545 | $1,545 | $1,545 |
How much does it cost to rent a home in Raleigh?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 2 Bedroom Homes | $850 | $850 | $850 |
| 3 Bedroom Homes | $1,379 | $1,035 | $1,835 |
| 4 Bedroom Homes | $1,693 | $1,047 | $2,100 |
| 5 Bedroom Homes | $1,500 | $1,500 | $1,500 |
Browse Apartments in this Neighborhood
There are currently 93 rentals with your search options within a 2 mile radius of the Raleigh Neighborhood of Memphis, TN.
See all Apartments in MemphisExplore Memphis
Raleigh, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
- Nearby Cities
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- Local Counties
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Tour smarter and choose with confidence. Get the essential 18 questions that reveal the truth about a rental property's maintenance, utilities, and safety.
Read ArticleCollege 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.
Pet Friendly LifestyleRaleigh, Memphis, TN
Ranked #77
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Raleigh
What is the current pricing and availability for apartments for rent in the Raleigh area of Memphis, TN?
As of today, September 22, 2026, there are currently 93 available Raleigh apartments priced from $649 to $1,545, with an average monthly rent of $959.
What is the current price range for One Bedroom Raleigh Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Raleigh ranges from $649 to $900 with an average monthly rent of $766.
What does renting a Two Bedroom Apartment in Raleigh cost?
The monthly rent prices of Two Bedroom Apartments currently available in Raleigh range from $729 to $1,145. Today's average rental price for Two Bedrooms here is $955.
How expensive are Raleigh Three Bedroom Apartments?
There are currently 27 Three Bedroom Apartments listings available in Raleigh on ApartmentHomeLiving.com. The pricing ranges from $829 to $1,499 - averaging $1,116 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.

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

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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.
