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Showing all results in Memphis, TN.

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Townhomes under $500 for Rent in Memphis, TN

10,767 Rentals
.
  19. Building Photo - 240 Flats
    $300 Off
    Price Drop. $300 Off
    STUDIO
    $999+
    1 BED
    $1,099+
    2 BEDS
    $1,499+

    240 Flats

    5811 Poplar Ave, Memphis, TN 38119
    (901) 763-6189
  28. $260 Off
    Price Drop. $260 Off
    |
    STUDIO
    $1,495+
    1 BED
    $1,097+
    2 BEDS
    $1,532+
    3 BEDS
    $2,357+

    Highland Row

    395 S Highland St, Memphis, TN 38111
    (901) 350-7932
  32. Building Photo - Fieldstone
    $235 Off
    Price Drop. $235 Off
    1 BED
    $1,289+
    2 BEDS
    $1,499+
    3 BEDS
    $1,810+

    Fieldstone

    3333 Hacks Cross Rd, Memphis, TN 38125
    (866) 725-1246

Memphis at a Glance

Average Rent

$1,031
(All bedrooms and property types)
Learn more about
Average Rent in Memphis
7

School Rating

out of 10 Rating
Learn more about
Schools in Memphis
29

Some Transit

out of 100 TransitScore® Rating
Learn more about
Transportation in Memphis
50

Somewhat Bikeable

out of 100 BikeScore® Rating
Learn more about
Transportation in Memphis

Memphis, TN Townhouses under $500

Get the most for your money when you find 750 townhomes under $500 in Memphis. Finding the perfect rental shouldn't be a challenge. Whether you're a student, new renter, or simply looking to save extra cash, Apartment Finder has a wide variety of rentals that suit your needs and your wallet. View listings with different floorplans, amenities, and unique features,all priced under $500. The perfect rental within your budget is just a click away. Start searching now!

Renting in Memphis

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in Memphis

(For 1 bedroom apartments)

Getting Around Memphis

Transportation

50

Somewhat Walkable

out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you need a car.
50

Bikeable

out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you'll most likely want your car for most errands.
29

Some Transit

out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Scores provided by Walk Scoreⓘ

Education

GreatSchools Rating
East High

Public High School

Public
Grades 9-12
568 Students
GreatSchools Rating
Middle College High

Public High School

Public
Grades 9-12
311 Students
GreatSchools Rating
White Station High

Public High School

Public
Grades 9-12
1,840 Students
GreatSchools Rating
Hollis F. Price Middle College High School

Public High School

Public
Grades 9-12
79 Students
GreatSchools Rating
Whitehaven High

Public High School

Public
Grades 9-12
1,587 Students
GreatSchools Rating
Maxine Smith Steam Academy

Public Middle School

Public
Grades 6-8
364 Students
GreatSchools Rating
White Station Middle

Public Middle School

Public
Grades 6-8
1,099 Students
GreatSchools Rating
Colonial Middle

Public Middle School

Public
Grades 6-8
1,000 Students

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

Apartments for Rent Near Memphis by Neighborhoods

Memphis Apartments for Rent in Your Budget

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