$1,315
3 beds2 baths1,000 sqftHouse
4812 Allrand Rd, Memphis, TN, 38118-7207
Rentals in Memphis, TN Under $1,500/mo
1378 Results
$1,290
3 beds2 baths1,383 sqftHouse
4767 Cottonwood Rd, Memphis, TN, 38118-2417
$990
3 beds1 bath816 sqftHouse
220 Elder Rd, Memphis, TN, 38109-3738
$890
2 beds2 baths1,152 sqftMultiplex
3774 Hyacinth Dr, Memphis, TN, 38115-5912
$945
2 beds1 bath900 sqftApartment
3667 Rhodes Ave, Memphis, TN, 38111-5565
$805
2 beds1.5 baths807 sqftApartment
2973-3007 Getwell Rd, Memphis, TN, 38118-2233
$1,225
3 beds2 baths1,400 sqftTownhome
4907 Autumn Leaf Dr, Memphis, TN, 38116-1100
$1,185
4 beds1 bath1,347 sqftHouse
964 Brower St, Memphis, TN, 38111-4155
$1,450
3 beds1.5 baths1,743 sqftHouse
1491 E Holmes Rd, Memphis, TN, 38116
$825
1 bed1 bath700 sqftApartment
410/412 N Bellevue Blvd, Memphis, TN, 38105
$895
1 bed1 bath500 sqftApartment
1639 Monroe Ave, Memphis, TN, 38104
$795
2 beds1 bath667 sqftApartment
1018 N 7th Street, Memphis, TN, 38107
$1,235
2 beds2 baths1,152 sqftHouse
3077 Littlefield Cv, Memphis, TN, 38119-8781
$1,195
3 beds1 bath1,024 sqftHouse
4983 Appleville St, Memphis, TN, 38109-7261
$875
2 beds1 bath900 sqftApartment
3667 Rhodes Ave, Memphis, TN, 38111-5565
$910
1 bed1 bath650 sqftApartment
2342 Parkway Place, Memphis, TN, 38112
$970
2 beds1.5 baths839 sqftApartment
770-850 Barlett Rd, Memphis, TN, 38122-3010
$970
2 beds1.5 baths839 sqftApartment
770-850 Barlett Rd, Memphis, TN, 38122-3010
$875
2 beds1 bath750 sqftApartment
1594-1636 E Holmes Rd, Memphis, TN, 38116-8465
$975
2 beds1 bath855 sqftHouse
267 WILLIFORD, MEMPHIS, TN, 38112
$825
1 bed1 bath660 sqftHouse
3607 GALLOWAY, MEMPHIS, TN, 38122
$750
Studio1 bath650 sqftApartment
220 S. Cleveland St., Memphis, TN, 38104
$1,320
3 beds1.5 baths1,032 sqftHouse
3608 Cane Ridge Dr, Memphis, TN, 38109-3932
$1,295
3 beds2 bathsHouse
1930 Tahiti Ln, Memphis, TN, 38117
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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