$1,250
1 bed1 bath640 sqftApartment
281 N Montgomery St 101, Memphis, TN, 38104
Rentals in Memphis, TN Under $1,500/mo
1381 Results
$1,250
1 bed1 bath640 sqftApartment
281 N Montgomery St 104, Memphis, TN, 38104
$1,250
1 bed1 bath640 sqftApartment
281 N Montgomery St 103, Memphis, TN, 38104
$1,250
1 bed1 bath640 sqftApartment
281 N Montgomery St 102, Memphis, TN, 38104
$1,250
1 bed1 bath640 sqftApartment
281 N Montgomery St 104, Memphis, TN, 38104
$1,250
1 bed1 bath640 sqftApartment
281 N Montgomery St 101, Memphis, TN, 38104
$1,250
1 bed1 bath640 sqftApartment
281 N Montgomery St 103, Memphis, TN, 38104
$1,250
1 bed1 bath640 sqftApartment
281 N Montgomery St 101, Memphis, TN, 38104
$1,250
1 bed1 bath640 sqftApartment
281 N Montgomery St 101, Memphis, TN, 38104
$1,250
1 bed1 bath640 sqftApartment
281 N Montgomery St 101, Memphis, TN, 38104
$1,295
3 beds2 baths1,103 sqftHouse
4588 Summer Creek Cv., Memphis, TN, 38141
$1,050
2 beds1.5 baths906 sqftHouse
3548 Christine Rd., Memphis, TN, 38118
$1,100
2 beds1.5 baths2,280 sqftCondo
2525 Rozelle St, Memphis, TN, 381145704
$1,400
3 beds1 bath1,013 sqftHouse
4910 Helene Rd, Memphis, TN, 381176736
$995
3 beds1 bath1,000 sqftHouse
3367 Redcliff Dr, Memphis, TN, 381281117
$995
3 beds1 bath1,056 sqftHouse
1351 Salem St, Memphis, TN, 381221344
$895
2 beds2 baths1,100 sqftCondo
730 Hale Rd.,, Memphis, TN, 38116
$1,155
2 beds1 bath852 sqftHouse
1055 W Walthal Cir, Memphis, TN, 38111
$795
2 beds1 bath771 sqftHouse
4050 Pikes Peak Ave, Memphis, TN, 38108
$1,050
2 beds1 bath875 sqftHouse
1570 Rebecca Street, Memphis, TN, 38111
$1,190
Studio1 bath700 sqftHouse
50 Gayoso Avenue 204, Memphis, TN, 38103
$1,495
2 beds2.5 baths1,050 sqftHouse
701 N 3rd St, Memphis, TN, 38107
$1,335
3 beds2 baths1,644 sqftHouse
4380 Misty Morning Dr, Memphis, TN, 381416867
$1,290
3 beds1 bath1,314 sqftHouse
4523 E Mallory Ave, Memphis, TN, 381176947
Showing 24 of 1,381 results
Showing 24 of 1,381 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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