$995
2 beds1.5 baths1,100 sqftTownhome
1500 E Shelby Dr, Memphis, TN, 38116-7222
Rentals in Memphis, TN Under $1,500/mo
1382 Results
$1,135
3 beds1 bath1,214 sqftHouse
1023 Waring Rd, Memphis, TN, 38122-4846
$1,015
4 beds1.5 baths1,059 sqftHouse
4557 Spring Valley Dr, Memphis, TN, 38128-1019
$575
1 bed1 bathApartment
3516 Carnes Ave, Memphis, TN, 38111
$800
2 beds1 bath750 sqftApartment
3236 Millington Rd, Memphis, TN, 38127
$700
1 bed1 bath575 sqftApartment
3236 Millington Rd, Memphis, TN, 38127
$799
2 beds1 bath736 sqftApartment
3990 Barton Dr, Memphis, TN, 38116-5640
$899
2 beds1 bath850 sqftApartment
3990 Barton Dr, Memphis, TN, 38116-5640
$1,350
2 beds1.5 baths1,032 sqftCondo
1725 Ridge Oak Pl, Memphis, TN, 38120
$790
2 beds1 bath750 sqftMultiplex
2972 Hale Ave, Memphis, TN, 38112-3406
$1,395
1 bed1 bath707 sqftCondo
413 S Main #205, Memphis, TN, 38103
$595
2 beds1 bath532 sqftApartment
2336 Norman Ave, Memphis, TN, 38108
$1,500
3 beds2 bathsHouse
750 Shotwell St, Memphis, TN, 38111
$1,330
1 bed1 bath700 sqftApartment
9 East Carolina Avenue Suite 101, Memphis, TN, 38103
$900
1 bed1 bath609 sqftApartment
1195 Dorothy Pl, Memphis, TN, 38104
$1,085
3 beds1 bath988 sqftHouse
3710 Dorado Cv, Memphis, TN, 38128-2814
$895
1 bed1 bath831 sqftApartment
109 N Main St. Unit 406, Memphis, TN, 38103
$850
2 beds1 bath600 sqftApartment
2107 Imogene St, Memphis, TN, 38114
$659
1 bed1 bath615 sqftApartment
2059 North Cabana Circle, Memphis, TN, 38107
$659
1 bed1 bath615 sqftApartment
2059 North Cabana Circle, Memphis, TN, 38107
$709
2 beds1 bath774 sqftApartment
2059 North Cabana Circle, Memphis, TN, 38107
$1,150
2 beds1.5 baths920 sqftHouse
1679 Parktown Place, Memphis, TN, 38104
$1,265
3 beds2 baths1,120 sqftHouse
1981 Boyle Ave, Memphis, TN, 38114-4631
$1,035
2 beds2 baths1,050 sqftMultiplex
3385 Barbwood Dr, Memphis, TN, 38118-5113
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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