$1,015
3 beds1 bath1,120 sqftHouse
3076 Signal Street, Memphis, TN, 38127
Rentals in Memphis, TN Under $1,500/mo
1378 Results
$900
3 beds1 bath979 sqftHouse
2324 Slocum Avenue, Memphis, TN, 38127
$785
1 bed1 bath750 sqftCondo
1111 North Holmes Street - 1111, Memphis, TN, 38111
$1,090
3 beds1.5 baths1,066 sqftHouse
55 W Otsego Dr, Memphis, TN, 38109
$895
2 beds1 bathCondo
3969 Southlawn Ave Unit 04, Memphis, TN, 38111
$1,000
3 beds2 bathsCondo
5440 Flowering Peach Drive - 5440, Memphis, TN, 38115
$1,165
3 beds1 bath1,219 sqftHouse
1863 Burnham Ave, Memphis, TN, 381274423
$1,335
3 beds1.5 baths1,627 sqftHouse
4340 Old Allen Rd, Memphis, TN, 381281723
$850
2 beds1 bath857 sqftCondo
3019 Carnes Ave, Memphis, TN, 381112244
$745
2 beds1 bath828 sqftHouse
3326 Rosamond Avenue, Memphis, TN, 38122
$1,440
3 beds1 bath1,334 sqftHouse
4678 Chip Road, Memphis, TN, 38117
$895
3 beds1 bath911 sqftHouse
4315 Mountain Ter, Memphis, TN, 38127
$1,290
3 beds1.5 baths1,208 sqftHouse
3718 Wordsworth Ave, Memphis, TN, 381282030
$1,110
3 beds1.5 baths922 sqftHouse
1616 Winston Dr, Memphis, TN, 381275529
$1,470
3 beds2 baths1,471 sqftHouse
2835 Toehill Cv, Memphis, TN, 381285955
$1,235
3 beds1.5 baths1,225 sqftHouse
4041 Hitchcock St, Memphis, TN, 381282169
$1,295
2 beds1 bath1,285 sqftHouse
2029 Hallwood Dr., Memphis, TN, 38107
$1,050
4 beds2 baths1,242 sqftHouse
4766 Applestone St, Memphis, TN, 38109
$795
2 beds1 bath816 sqftHouse
566 Burlington Cir, Memphis, TN, 38127
$895
2 beds1 bath925 sqftHouse
2587 Wellons Ave, Memphis, TN, 38127
$895
2 beds1.5 bathsCondo
129 Stonewall Unit 5, Memphis, TN, 38104
$895
3 beds1 bath958 sqftTownhome
2282 Theda Ave, Memphis, TN, 38127
$1,095
3 beds1 bath1,565 sqftHouse
1130 Russwood Rd, Memphis, TN, 38122
$965
3 beds1 bath968 sqftHouse
3276 Ashland Street, Memphis, TN, 38127
Showing 24 of 1,378 results
Showing 24 of 1,378 results
Load moreWhat to Know Before Renting Under $1,500 in Memphis, TN
Rentals under $1,500 per month cover a wide share of Memphis inventory — expect a mix of one- and two-bedroom apartments, townhomes, and some three-bedroom houses. At this price point, tradeoffs are usually about neighborhood, building age, and amenity package rather than basic habitability. Compare commute time, parking, and in-unit laundry when narrowing your shortlist in Memphis.
Browse Memphis Rentals by Bedroom Count
Rentals Under $1,500 Near Memphis, TN
Frequently Asked Questions About Rentals Under $1,500 in Memphis, TN
Rentler currently shows 1,365 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.
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.
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.
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.
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.
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