$1,025
2 beds1.5 baths1,000 sqftApartment
592 Patterson Street, Memphis, TN, 38111
Rentals in Memphis, TN Under $1,500/mo
1382 Results
$1,295
2 beds1 bath900 sqftApartment
4949-4955 Shifri Ave, Memphis, TN, 38117-2057
$995
2 beds1 bath756 sqftHouse
554 Bon Air Street-1, Memphis, TN, 38112
$975
2 beds1 bath936 sqftHouse
2066 Benton Street, Memphis, TN, 38106
$895
1 bed1 bath775 sqftApartment
306 S. Cleveland Street, Memphis, TN, 38104
$1,250
3 beds1 bath1,102 sqftHouse
1347 E Trigg Ave, Memphis, TN, 38106
$1,325
2 beds2 bathsHouse
5819 Grassy Valley Drive, Memphis, TN, 38141
$1,065
1 bed1 bath618 sqftCondo
6750 Quail Hollow Ct #3, Germantown, TN, 38138
$895
2 beds1 bathApartment
26 McNeil, Memphis, TN, 38104
$850
2 beds1 bath750 sqftApartment
144 N Belvedere, Memphis, TN, 38104
$950
2 beds1 bath752 sqftTownhome
1300 Goodbar Ave., Memphis, TN, 38104
$895
1 bed1 bath700 sqftApartment
306 S. Cleveland Street, Memphis, TN, 38104
$680
1 bed1 bath670 sqftApartment
1984 Bonnie Dr, Memphis, TN, 38116-6094
$1,250
2 beds1.5 baths1,027 sqftTownhome
1719 Ridge Oaks Place, Memphis, TN, 38120
$745
Studio1 bath400 sqftApartment
1302 Court Ave, Memphis, TN, 38104
$1,450
3 beds1 bath1,137 sqftHouse
3487 Overton Crossing St., Memphis, TN, 38127
$1,150
1 bed1 bath719 sqftCondo
1855 Poplar Woods Cir W #302, Germantown, TN, 38138
$1,475
3 beds2 baths1,148 sqftHouse
3150 Parham St., Memphis, TN, 38127
$1,475
3 beds1 bath1,200 sqftHouse
1970 Whitney Ave. 101, Memphis, TN, 38127
$650
2 beds1 bathHouse
3083 Guernsey AVe, Memphis, TN, 38112
$625
2 beds1 bath960 sqftApartment
1861 Corning Ave., Memphis, TN, 38127
$850
2 beds1 bath850 sqftApartment
1092-3655 Homer/Macon, Memphis, TN, 38122-2017
$599
1 bed1 bath553 sqftApartment
3875 Spottswood Ave, Memphis, TN, 38111
$695
1 bed1 bath553 sqftApartment
3875 Spottswood Ave, Memphis, TN, 38111
Showing 24 of 1,382 results
Showing 24 of 1,382 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 1,369 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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