$1,290
3 beds1 bath1,314 sqftHouse
4523 E Mallory Ave, Memphis, TN, 381176947
Rentals in Memphis, TN Under $1,500/mo
1382 Results
$1,030
3 beds1.5 baths1,096 sqftHouse
3581 Kensett Dr, Memphis, TN, 381275659
$1,325
3 beds1 bath1,328 sqftHouse
4425 Boyce Rd, Memphis, TN, 381176405
$1,125
3 beds1 bath1,008 sqftHouse
3032 Mcadoo Ave, Memphis, TN, 381124114
$850
2 beds1 bathHouse
285 Lucy Ave Apt 2, Memphis, TN, 381062822
$850
2 beds1 bath1,200 sqftHouse
285 Lucy Ave Apt 3, Memphis, TN, 381062822
$599
2 beds1 bath753 sqftApartment
1761 E Raines Rd 2, Memphis, TN, 38116
$599
2 beds1 bath753 sqftApartment
1761 E Raines Rd 2, Memphis, TN, 38116
$1,295
2 beds2.5 baths1,400 sqftCondo
3244 Southern Ave, Memphis, TN, 38111
$1,275
2 beds1 bathHouse
3754 Marion Avenue, Memphis, TN 38111, Memphis, TN, 38111
$935
2 beds1 bath1,137 sqftHouse
607 Burlington Cir, Memphis, TN, 38127
$725
2 beds1 bath650 sqftCondo
267 Greenlaw Avenue Unit 7, Memphis, TN, 38105
$925
2 beds1 bath715 sqftHouse
4048 Leroy Avenue, Memphis, TN, 38108
$975
3 beds1 bath1,102 sqftHouse
3325 Cedar Springs Drive, Memphis, TN, 38128
$800
2 beds1 bath700 sqftHouse
1466 Oakwood St, Memphis, TN, 381081547
$800
2 beds1 bath700 sqftHouse
1464 Oakwood St, Memphis, TN, 381081547
$800
2 beds1 bath700 sqftHouse
1462 Oakwood St, Memphis, TN, 381081547
$1,395
3 beds2.5 baths1,575 sqftHouse
3363 Coachouse Cv Highlands Of Bartlet, Bartlett, TN, 381343015
$800
2 beds1 bath700 sqftHouse
1460 Oakwood St, Memphis, TN, 381081547
$1,390
4 beds2 baths1,150 sqftHouse
3957 Balfour St, Memphis, TN, 381273914
$1,090
3 beds1 bath985 sqftHouse
3822 Ford Rd, Memphis, TN, 381093656
$1,450
3 beds2 baths1,252 sqftHouse
7168 Plum Orchid Cove, Memphis, TN, 38133
$1,375
3 beds2 baths1,327 sqftHouse
1760 S Goodlett Street, Memphis, TN, 38111
$1,300
3 beds2 baths1,197 sqftHouse
5535 Oak Branch Circle South, Memphis, TN, 38135
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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