
Homes for Rent in the Raleigh Neighborhood of Memphis, TN Under $1,500 (49 Rentals)


2879 Beverly Hill St, Unit 2866-02

4040 Lehi Dr

3546 Lehi Dr

3760 St Elmo Ave

3982 Twin Lakes Dr

3718 Wordsworth Ave

3601 Hanna Dr

2835 Toehill 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.

4041 Hitchcock Dr

3710 Dorado Cove

2406 Jenwood St

3711 Teresa Cove

3349 Lynchburg St

4178 Lansford Dr

3870 Wordsworth Ave

5188 Banbury Ave

4757 Northfield Cir
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.

4098 Kerwin Dr

5221 Gloucester Ave

3823 Twin Valley Cove

3716 Dorado Ave

4014 Hitchcock Dr

3065 Earnett St

3058 Robbiedon St

3662 Twinmont Cove

3675 Ridgemont 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.

3646 Haughton Ln

4244 Hobson Rd

5166 Blueridge Dr

3378 Fairbanks St

4350 Ann Arbor Ln

3450 Glenshaw Dr

3583 Russelwood Dr

4210 Kerwin Dr

3579 Dorado 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.

4352 Ann Arbor Ln

3725 Dorado Cove

4032 Haliburton St

4217 Windermere Rd

4180 Kerwin Dr

2812 E Hickory Bluff

3742 Berry Ln

2083 Charleston Rd

2 Bedroom
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.

1 TN-1

3611 Naylor Dr

4697 Grecco Dr

3884 Kerston Dr
Raleigh, Memphis, TN Local Guide

How much does it cost to rent a home in Raleigh?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Raleigh 2 Bedroom Homes for Rent | $955 | $850 | $1,025 |
| Raleigh 3 Bedroom Homes for Rent | $1,402 | $1,035 | $1,835 |
| Raleigh 4 Bedroom Homes for Rent | $1,702 | $1,325 | $2,100 |
| Raleigh 5 Bedroom Homes for Rent | $1,760 | $1,610 | $2,030 |
Browse Homes for Rent in this Neighborhood
There are currently 49 rentals with your search options within a 2 mile radius of the Raleigh Neighborhood of Memphis, TN.
Explore Memphis
Raleigh, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
- Nearby Cities
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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.
Pet Friendly LifestyleRaleigh, Memphis, TN
Ranked #81
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Raleigh
What type of rentals are currently available in Raleigh?
There are currently 48 Apartments for Rent in Raleigh, TN with pricing that ranges from $649 to $1,545. There are also 76 Single Family Homes for rent, Condos, and Townhome rentals currently available in Raleigh ranging from $750 to $2,100.
What is the current price range for Rental Homes in Raleigh?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Raleigh ranges from $750 to $2,100 with an average monthly rent of $1,443.
How much are larger Three and Four Bedroom Rentals in Raleigh?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Raleigh range from $829 to $1,499, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,035 to $1,835. Four Bedroom Single-Family rentals are also available starting from $1,325 and Four Bedroom Apartments start at $1,545.
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.