Question 1

How many rentals under $1,500 are available in Memphis right now?

Accepted Answer

Rentler currently shows 1,367 rentals in Memphis priced under $1,500. Inventory at this price point is updated daily — availability changes quickly, especially at the lower price tiers where well-priced units receive applications within 24–48 hours of posting.

Question 2

What types of units can I find under $1,500 in Memphis?

Accepted Answer

At the under $1,500 price point in Memphis, use the bedroom and property-type filters to narrow to studios, 1-bedrooms, 2-bedrooms, houses, or townhomes. Availability shifts daily — set a listing alert if you want to catch new units as they post.

Question 3

What's the difference between cheap, affordable, and low-income apartments?

Accepted Answer

These terms refer to different things. Cheap or affordable apartments are market-rate units at the lower end of a city's price range — anyone can apply regardless of income. Low-income or income-restricted apartments are subsidized properties (through programs like Section 8, HUD, or LIHTC) that require income qualification, typically at or below 50–80% of the area median income. Both types may appear on Rentler — contact landlords directly on lower-priced listings to ask about income requirements and subsidy acceptance.

Question 4

Are there pet-friendly rentals under $1,500 in Memphis?

Accepted Answer

Pet-friendly rentals exist across all price tiers. Use Rentler's pet-friendly filter to narrow to properties that accept animals. At lower price points, pet deposits and monthly pet rent still apply — factor that into your total monthly cost when budgeting. Breed and weight restrictions are common even on pet-accepting listings.

Question 5

Can I negotiate rent in Memphis?

Accepted Answer

Yes — especially on market-rate listings with individual landlords, which make up a significant share of Rentler's inventory. Negotiating leverage is highest in winter (November through January), when fewer people are searching and landlords are more motivated to fill vacancies. Offering a longer lease term, a larger security deposit, or the ability to move in quickly are the most effective negotiating levers.

What to Know Before Renting Under $1,500 in Memphis, TN

Browse Memphis Rentals by Bedroom Count

Rentals Under $1,500 Near Memphis, TN

Frequently Asked Questions About Rentals Under $1,500 in Memphis, TN

Other Resources for Memphis, TN Renters

How to Rent an Apartment: Total Step-by-Step Guide

What Do Apartments Look For in Background Checks?

Locked Out of Your Apartment? Here’s What to Do

How to Find Private Landlords as a Renter

How to Write an Apartment Address: USPS Format and Examples

10 Cheapest States to Live In Right Now

What Is a Guarantor for an Apartment? A Renter’s Guide

States with the Lowest Rent: Where to Rent for Less

Getting a Cosigner for an Apartment: Everything Renters Need to Know

What Is Tandem Parking? A Renter’s Guide to Car Storage

Do Apartments Come Furnished? What to Know as a Renter

How Long Does an Application for an Apartment Take?

1,380 Rentals in Memphis, TN Under $1,500/mo