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Showing all results in Memphis, TN.

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Houses under $500 for Rent in Memphis, TN

10,681 Rentals
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  3. Building Photo - Merton Manor
    Rent Special
    Rent Special
    2 BEDS
    $975
    Total Monthly Price Total Monthly Price New
    Base Rent$975
    Required Monthly FeesNone
    Total Monthly Price$975

    Merton Manor

    171 N Merton St, Memphis, TN 38112
    (901) 256-6806
  7. Interior Photo - Metro67
    Rent Special
    Rent Special
    STUDIO
    $1,531+
    1 BED
    $1,733+
    2 BEDS
    $2,311+
    3 BEDS
    $2,743+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,356 - $3,527
    Required Monthly Fees$175 - $200
    Total Monthly Price$1,531 - $2,970

    Metro67

    67 Madison Ave, Memphis, TN 38103
    (901) 437-6041
  8. Interior Photo - Twin Oaks
    Rent Special
    Rent Special
    1 BED
    $781+
    2 BEDS
    $908+
    3 BEDS
    $961+

    Twin Oaks

    4819 Winchester Rd S, Memphis, TN 38118
    (901) 295-3520
  9. Rent Special
    Rent Special
    STUDIO
    $1,035+
    1 BED
    $947+
    2 BEDS
    $1,446+
    3 BEDS
    $2,335+
    Total Monthly Price Total Monthly Price New
    Base Rent$927 - $2,893
    Required Monthly Fees$20
    Total Monthly Price$947 - $2,913

    The Chisca

    272 S Main St, Memphis, TN 38103
    (901) 979-1538
  11. Rent Special
    Rent Special
    1 BED
    $1,000+
    2 BEDS
    $1,276+
    3 BEDS
    $2,246+
    Total Monthly Price Total Monthly Price New
    Base Rent$949 - $2,195
    Required Monthly Fees$51 - $81
    Total Monthly Price$1,000 - $2,276

    Court Square Apartments

    62 N Main St, Memphis, TN 38103
    (901) 295-6330

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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