$1,290
4 beds1 bath1,209 sqftHouse
1267 Deer Trail Ln, Memphis, TN, 38109-4817
Rentals in Memphis, TN Under $1,500/mo
1382 Results
$1,100
3 beds1.5 baths987 sqftHouse
940 Vaughn Road, Memphis, TN, 38122-2572
$1,220
3 beds1.5 baths1,258 sqftHouse
3450 Glenshaw Dr., Memphis, TN, 38128
$850
Studio1 bath600 sqftApartment
2342 Parkway Place, Memphis, TN, 38112
$650
2 beds1 bath750 sqftApartment
3471 Douglass Avenue, Memphis, TN, 38111-4241
$1,050
2 beds1 bath1,316 sqftHouse
1931 Manila Ave, Memphis, TN, 38114
$800
2 beds1.5 bathsApartment
3522 Christine Rd., Memphis, TN, 38118
$800
2 beds1.5 baths959 sqftApartment
3540 Christine Rd., Memphis, TN, 38118
$1,195
2 beds2 baths1,027 sqftCondo
6706-2 Majestic Oaks Place, Memphis, TN, 38120
$750
2 beds1 bath700 sqftApartment
515 Carpenter, Memphis, TN, 38112
$950
2 beds1.5 baths807 sqftApartment
2973-3007 Getwell Rd, Memphis, TN, 38118-2233
$999
1 bed1 bath790 sqftApartment
266 South Front Street, Memphis, TN, 38103
$999
1 bed1 bath790 sqftApartment
266 South Front Street, Memphis, TN, 38103
$1,050
1 bed1 bathHouse
2390 Forest Ave, Memphis, TN, 38112
$1,390
4 beds1.5 baths1,239 sqftHouse
4413 Howardcrest Dr, Memphis, TN, 38128-1730
$1,190
3 beds2 baths1,252 sqftMultiplex
1857 S Perkins Rd, Memphis, TN, 38117-7430
$999
1 bed1 bath650 sqftApartment
1796 - 1800 Poplar Ave, Memphis, TN, 38104
$1,090
1 bed1 bath1,073 sqftApartment
347 S Front St, Memphis, TN, 38103
$1,400
3 beds1 bath1,500 sqftHouse
526 Wilson Road, West Memphis, AR, 72301
$1,200
1 bed1 bath870 sqftApartment
10 S Main St, Memphis, TN, 38103
$1,200
1 bed1 bath850 sqftApartment
10 S Main St, Memphis, TN, 38103
$1,150
1 bed1 bath850 sqftApartment
10 S Main St, Memphis, TN, 38103
$1,150
1 bed1 bath1,181 sqftApartment
60 S Main St, Memphis, TN, 38103
$850
2 beds1 bath950 sqftHouse
2115 Bennett, Memphis, TN, 38114
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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