Apartments for Rent in the Raleigh Neighborhood of Memphis, TN Under $1,500 (50 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done
close
View Me
Covington Hills
$900 - $1,499
Total Monthly Price

Total Monthly Price

Base Rent
$866 - $1,465
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Covington Hills

4800 Raleigh Lagrange RdMemphis, TN 38128
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included
close
View Me
Highland Chateau
$880 - $1,150
Total Monthly Price

Total Monthly Price

Base Rent
$831 - $1,101
Required Monthly Fees
$49
Total Monthly Price
$880 - $1,150
1 to 3 Bedroom Apartments Contact Us For Availability

Highland Chateau

5246 Raleigh Lagrange RdMemphis, TN 38134
Cost Per Sq.Ft.
  • Verified
  • Customer Reviewed
close
View Me
Lexington Apartments
$765 - $915
Total Monthly Price

Total Monthly Price

Base Rent
$750 - $900
Required Monthly Fees
$15
Total Monthly Price
$765 - $915
1 to 3 Bedroom Apartments Available Now

Lexington Apartments

4123 Aux Arms DrMemphis, TN 38128
Affordability
  • Verified
  • Low Income
  • 3D Tour

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.

Read Article
close
View Me
Beverly Springs
Rent Specials
$825 - $900
Total Monthly Price

Total Monthly Price

Base Rent
$750 - $825
Required Monthly Fees
$75
Total Monthly Price
$825 - $900
2 to 3 Bedroom Apartments Available Now

Beverly Springs

2879 Beverly Hills RdMemphis, TN 38128
Senior Living
  • Verified
  • Utilities Included
property at 3621 Jireh Dr

$1,405

Total Monthly Price

Total Monthly Price

Base Rent
$1,405
Total Monthly Price
$1,405

3 Bedroom, 2 Bath Rentals

Available Apr 25

3621 Jireh Dr

MemphisTN38128
property at 3883 Winwood Dr

$1,160

Total Monthly Price

Total Monthly Price

Base Rent
$1,160
Total Monthly Price
$1,160

3 Bedroom, 1.1 Bath Rentals

Available Now

3883 Winwood Dr

MemphisTN38128

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.

Read Article

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.

Read Article

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.

Read Article
close
View Me
Raleigh Court Townhomes
2 to 4 Bedroom Apartments

Raleigh Court Townhomes

4258 Green Hall WayMemphis, TN 38128
  • Utilities Included
close
View Me
Coves at Yale
1 to 3 Bedroom Apartments

Coves at Yale

5022 Yale RdMemphis, TN 38128
close
View Me
Rivergrove
Studio to 3 Bedroom Apartments

Rivergrove

4000 Rio Lobo DrMemphis, TN 38128
Showing Results 1-50, Page 1 of 1

Raleigh, Memphis, TN Local Guide

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

Read Article
Decorative image

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 Article
Decorative image

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
Decorative image

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Decorative image

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Raleigh, Memphis, TN

Ranked #60

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Raleigh

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 $925 with an average monthly rent of $823.

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 $1,295. Today's average rental price for Two Bedrooms here is $991.

How expensive are Raleigh Three Bedroom Apartments?

There are currently 54 Three Bedroom Apartments listings available in Raleigh on ApartmentHomeLiving.com. The pricing ranges from $829 to $1,499 - averaging $1,229 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.

Articles, How-To's, and Tips

decorative image for Affordable Memphis: The Best Lower Priced Neighborhoods with Character article

Affordable Memphis: The Best Lower Priced Neighborhoods with Character

Written by: Joshua Carlucci

I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.