Top Rated Apartments for Rent in Memphis, TN Under $500(1 Rental)
Memphis, TN Local Guide
How much does it cost to rent an apartment in Memphis?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Memphis Studio Apartments | $1,127 | $560 | $3,415 |
Memphis 1 Bedroom Apartments | $1,268 | $430 | $3,971 |
Memphis 2 Bedroom Apartments | $1,397 | $400 | $5,944 |
Memphis 3 Bedroom Apartments | $1,728 | $715 | $5,146 |
Memphis 4 Bedroom Apartments | $1,306 | $600 | $4,595 |
Explore Memphis
Memphis, TN Local Guide
- Memphis Neighborhoods
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Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Getting Around Memphis, TN
Walk Score®
50 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
50 / 100
Bikeable
Some bike infrastructure
Transit Score®
29 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Memphis
How much are Studio apartments in Memphis?
There are currently 104 Studio Apartments in Memphis with rent ranges from $400 to $3,415 with an average price of $1,470.
What is the current price range for One Bedroom Memphis Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Memphis ranges from $430 to $3,971 with an average monthly rent of $1,268.
What does renting a Two Bedroom Apartment in Memphis cost?
The monthly rent prices of Two Bedroom Apartments currently available in Memphis range from $400 to $5,944. Today's average rental price for Two Bedrooms here is $1,397.
How expensive are Memphis Three Bedroom Apartments?
There are currently 314 Three Bedroom Apartments listings available in Memphis on ApartmentHomeLiving.com. The pricing ranges from $715 to $5,146 - averaging $1,728 for the location.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Signing Your Apartment Lease: The Basics
Written by: Trey Huguley
When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print. While most leases...
What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process. While fees will range depending on...
Real Estate Term Glossary: Your Guide to The A to Zs of Renting
Written by: Kevin Ready
Navigating the world of real estate can reveal an abundance of terminology and phrasing around the topics of renting and buying that for some may seem like a brand-new...
Navigating the World of Low-Income Housing: A Comprehensive Guide
Written by: Kevin Ready
Are you having difficulty keeping up with bills or paying the rent? If so, you are not alone. Many families struggle to keep up with rents that have increased up to 40% in...