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Showing all results in Memphis, TN.

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Houses under $500 for Rent in Memphis, TN

10,684 Rentals
.
  30. Building Photo - Exchange Building
    Good Value
    STUDIO
    $925+
    1 BED
    $925+
    2 BEDS
    $1,050+

    Exchange Building

    9 N 2nd St, Memphis, TN 38103
  39. Building Photo - Riverset Apartments
    Good Value
    |
    1 BED
    $1,161+
    2 BEDS
    $1,396+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,100 - $2,565
    Required Monthly Fees$11
    Utilities & EssentialsVaries
    Total Monthly Price$1,161 - $1,916

    Riverset Apartments

    100 Riverset Ln, Memphis, TN 38103
    (870) 771-4117

Living & Renting in Memphis

Memphis at a Glance

Average Rent

$1,058
(All bedrooms and property types)
Learn more about
Average Rent in Memphis
8

School Rating

out of 10 Rating
Learn more about
Schools in Memphis

Renting in Memphis

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in Memphis

(For 1 bedroom apartments)

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
University High School

Public High School

Public
Grades 9-12
96 Students
GreatSchools Rating
White Station High School

Public High School

Public
Grades 9-12
1,840 Students
GreatSchools Rating
White Station High

Public High School

Public
Grades 9-12
1,840 Students
GreatSchools Rating
Maxine Smith Steam Academy

Public Middle School

Public
Grades 6-8
364 Students
GreatSchools Rating
University Middle

Public Middle School

Public
Grades 6-8
271 Students
GreatSchools Rating
White Station Middle School

Public Middle School

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

Public Middle School

Public
Grades 6-8
1,099 Students

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

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