$1,050
2 beds1 bath1,074 sqftHouse
3427 S PRESCOTT CIR, MEMPHIS, TN, 38111
Rentals in Memphis, TN Under $1,500/mo
1382 Results
$675
Studio1 bath400 sqftApartment
1304 Court Ave, Memphis, TN, 38104
$650
1 bed1 bath483 sqftApartment
250 N Willet, Memphis, TN, 38112
$950
2 beds1 bath752 sqftTownhome
1300 Goodbar Ave., Memphis, TN, 38104
$1,000
2 beds1 bath760 sqftApartment
3562 Mynders Ave, Memphis, TN, 38111
$599
1 bed1 bath583 sqftApartment
3875 Spottswood Ave, Memphis, TN, 38111
$800
2 beds1 bathTownhome
166 Eastview Dr, Memphis, TN, 38111
$595
1 bed1 bath280 sqftApartment
1298 Carr Ave, Memphis, TN, 38104
$950
2 beds1 bath752 sqftTownhome
1300 Goodbar Ave., Memphis, TN, 38104
$1,090
1 bed1 bath579 sqftApartment
2009-2017 Peabody Ave, Memphis, TN, 38104
$1,090
1 bed1 bath579 sqftApartment
2009-2017 Peabody Ave, Memphis, TN, 38104
$875
1 bed1 bath750 sqftApartment
1812-1820 Madison Ave, Memphis, TN, 38104
$1,335
3 beds1 bath1,464 sqftHouse
893 Linwood Rd, Memphis, TN, 38116-7030
$875
3 beds2 baths1,020 sqftHouse
1620 Pennsylvania, Memphis, TN, 38109
$1,175
1 bed1 bath1,075 sqftApartment
62 North Main Street, Memphis, TN, 38103
$965
2 beds1 bath800 sqftHouse
3982 Overton Crossing St, Memphis, TN, 38127
$1,035
3 beds1 bath999 sqftHouse
745 Harahan Rd, Memphis, TN, 38109-3158
$720
1 bed1 bath625 sqftApartment
1594-1636 E Holmes Rd, Memphis, TN, 38116-8465
$1,165
3 beds1 bath1,219 sqftHouse
1863 Burnham Ave, Memphis, TN, 38127-4423
$1,350
2 beds2 baths960 sqftApartment
25 S Morrison St, Memphis, TN, 38104
$1,335
3 beds1.5 baths1,627 sqftHouse
4340 Old Allen Rd, Memphis, TN, 38128-1723
$1,409
1 bed1 bath735 sqftApartment
7885 Silver Spur Circle North, Memphis, TN, 38119
$1,110
3 beds1.5 baths922 sqftHouse
1616 Winston Dr, Memphis, TN, 38127-5529
$1,235
3 beds1.5 baths1,225 sqftHouse
4041 Hitchcock St, Memphis, TN, 38128-2169
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.
Other Resources for Memphis, TN Renters
How to Rent an Apartment: Total Step-by-Step Guide
Read more
What Do Apartments Look For in Background Checks?
Read more
Locked Out of Your Apartment? Here’s What to Do
Read more
How to Find Private Landlords as a Renter
Read more
How to Write an Apartment Address: USPS Format and Examples
Read more
10 Cheapest States to Live In Right Now
Read more
What Is a Guarantor for an Apartment? A Renter’s Guide
Read more
States with the Lowest Rent: Where to Rent for Less
Read more
Getting a Cosigner for an Apartment: Everything Renters Need to Know
Read more
What Is Tandem Parking? A Renter’s Guide to Car Storage
Read more
Do Apartments Come Furnished? What to Know as a Renter
Read more