$695
2 beds1 bath732 sqftCondo
823 Pearce St, Memphis, TN, 381072622
Rentals in Memphis, TN Under $1,500/mo
1382 Results
$850
2 beds1 bath702 sqftCondo
840 Pendleton St, Memphis, TN, 381142645
$1,425
3 beds2 baths1,300 sqftHouse
4198 Meadow Valley Dr E, Memphis, TN, 381417367
$1,495
4 beds2 baths1,719 sqftHouse
919 N Willett St, Memphis, TN, 381074424
$850
2 beds1 bath702 sqftCondo
842 Pendleton St, Memphis, TN, 381142645
$1,300
3 beds1 bath1,152 sqftHouse
3556 Neely Rd., Memphis, TN, 38109
$1,400
3 beds2 baths1,120 sqftHouse
4378 Sherrycrest Cove, Memphis, TN, 38128
$750
1 bed1 bathHouse
3196 Douglass Ave, Memphis, TN, 38111
$1,295
2 beds2 baths1,034 sqftHouse
8363 Mangrove Drive, Memphis, TN, 38016
$895
1 bed1 bath850 sqftCondo
1775 Madison Ave Apt 12 Unit 12, Memphis, TN, 381042672
$1,250
3 beds2 baths1,520 sqftHouse
4008 Grantham Rd, Memphis, TN, 381094606
$1,000
3 beds2 baths1,300 sqftHouse
2811 Larose Ave, Memphis, TN, 381144404
$1,050
3 beds1.5 baths1,149 sqftHouse
1764 Childers Cv, Memphis, TN, 381276406
$1,435
3 beds2 baths1,353 sqftHouse
4822 Huntersglen S, Memphis, TN, 381281518
$1,065
3 beds1 bath1,213 sqftHouse
3705 Julia St, Memphis, TN, 381274581
$950
2 beds1 bath808 sqftHouse
1818 S Wellington St, Memphis, TN, 381066244
$650
1 bed1 bath700 sqftHouse
677 Buntyn #2, Memphis, TN, 38114
$995
3 beds1 bath1,480 sqftCondo
2880 Cela Rd, Memphis, TN, 38128
$995
3 beds1 bath875 sqftHouse
891 Par Ave, Memphis, TN, 381275044
$1,465
4 beds1.5 baths1,456 sqftHouse
3596 Naylor Dr, Memphis, TN, 381283317
$965
3 beds2 bathsHouse
504 N Ok St, West Memphis, AR, 72301
$1,290
3 beds2 baths1,438 sqftHouse
3230 Riney St, Memphis, TN, 381276422
$1,135
3 beds1 bath1,102 sqftHouse
5049 Neely Rd, Memphis, TN, 381097277
$1,065
3 beds1 bath944 sqftHouse
1841 S Sutton Dr, Memphis, TN, 381275669
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