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Apartments Under $1,000 in Memphis, TN

Map
1 - 30 of 323 Results
46
$856 - 1,709
Greenbrook at Shelby Farms
4.6
1400 Greenbrook Parkway Memphis, TN
1 - 2 BR | Available Now
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
4
$800
Beverly Springs
2879 Beverly Hill St Memphis, TN
2 BR | Available Now
Storage
11
$850
3424 Felton RD
Memphis, TN
3 BR | Available Now
House
Disability Access
Dishwasher
8
$990
4129 Ward Ave
Memphis, TN
3 BR | Available Now
House
27
$921 - 979
The Park at Forest Hill
8285 Irene Boulevard Memphis, TN
1 BR | Available Now
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Balcony, Deck, Patio
38
$900 - 1,000
The Park at Hollyford
2.6
6555 North Country Oaks Circle Memphis, TN
1 BR | Available Now
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
10
$825
2427 Joy Ln
Memphis, TN
3 BR | Available Now
House
In Unit Laundry
Disability Access
9
$650
1025 S Wellington St
Memphis, TN
2 BR | Available Now
House
Air Conditioning
Disability Access
Dishwasher
67
$900 - 1,000
The Park at Paisley
4.2
3315 Ridgeway Road Memphis, TN
1 BR | Available Now
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
3
$862
Chapel Place Homes (Affordable Housing; Income Limit Restrictions Apply)
5228 Whistling Duck Dr Memphis, TN
3 BR | Available Now
Dog Friendly
Cat Friendly
Income Restricted
Balcony, Deck, Patio
Dishwasher
11
$925
The W. L. Apartments
5.0
267 South Main St Memphis, TN
Studio | Ask for Availability
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Dishwasher
28
$1,000 - 1,250
266 Lofts
2.6
266 S Front Street Memphis, TN
1 BR | Available Now
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Surface Parking
33
$760 - 975
Hickory Grove
4.2
6277 Lake Arbor Drive Memphis, TN
1 - 2 BR | Available Now
Dog Friendly
Cat Friendly
Surface Parking
Balcony, Deck, Patio
Fitness Center
8
$775 - 975
The Lofts At Union Alley
5.0
110 Barboro Alley Memphis, TN
Studio | Ask for Availability
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Den
10
$710
Forum Flats
5.0
290 Turley Ste. 128 Memphis, TN
1 BR | Available Now
Income Restricted
Balcony, Deck, Patio
Fitness Center
Dishwasher
12
$1,000
Pembroke Square
5.0
125 Gayoso Avenue Memphis, TN
1 BR | Ask for Availability
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Fitness Center
14
$759 - 839
Legacy At Pecan Grove
7320 Highway 161 North Walls, MS
1 - 2 BR | Ask for Availability
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony, Deck, Patio
2
$1 - 250
Saints Courts Apartments
994 North Watkins Street Memphis, TN
1 BR | Available Now
123
$865 - 925
The Park at Brighton
2634 East Lake Boulevard Robinsonville, MS
1 - 2 BR | Available Now
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
6
$445 - 800
Shady Oaks TN
7860 Raleigh Millington RD Millington, TN
Studio - 3 BR | Available Now
Dog Friendly
House
Air Conditioning
7
$1 - 250
Gates Apartments
614 Huntington St Gates, TN
2 BR | Available Now
Income Restricted
Air Conditioning
14
$895
4920 Peace St
Memphis, TN
3 BR | Dec. 10, 2022
Dog Friendly
Cat Friendly
House
Balcony, Deck, Patio
Disability Access
13
$875
3438 Ardmore St
Memphis, TN
3 BR | Available Now
Dog Friendly
Cat Friendly
House
Air Conditioning
Balcony, Deck, Patio
30
$875 - 975
Under New Management - Newly Renovated - 2 & 3 Bedroom Units - Cherry Gardens Available Now
4350 Dunn Ave Memphis, TN
2 - 3 BR | Available Now
Surface Parking
Balcony, Deck, Patio
Storage
Dishwasher
14
$750
4492 Hudgins RD
Memphis, TN
2 BR | Available Now
Dog Friendly
Cat Friendly
Air Conditioning
Storage
15
$795
3377 Arnold RD
Memphis, TN
2 BR | Available Now
Dog Friendly
Cat Friendly
House
Balcony, Deck, Patio
Storage
5
$625
Pinebrook Pointe Apartment Homes
3541 Mediterranean Dr Memphis, TN
2 BR | Available Now
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
In Unit Laundry
8
$950
1974 Manila St
Memphis, TN
2 BR | Available Now
House
Storage
Dishwasher
11
$850
1174 Weiner RD
Memphis, TN
2 BR | Available Now
Dog Friendly
Cat Friendly
House
Balcony, Deck, Patio
Dishwasher
12
$950
825 N Mcneil St
Memphis, TN
2 BR | Available Now
House
Balcony, Deck, Patio
Disability Access
Dishwasher
1 - 30 of 323 Results
  1. Home
  2. Memphis
  3. Apartments Under $1,000

How much does it cost to rent an apartment in Memphis?

Memphis Apartments
Bed Type Average Rent Range
Studio $1,000 $630 - $1,490
1BR $950 $550 - $1,650
2BR $1,150 $630 - $1,840
3BR $1,210 $780 - $2,380
4+BR $1,820 $680 - $5,000
Frequently Asked Questions

How many apartments are available in Memphis, TN on Rentable.co?

Rentable.co has over 16,507 apartments available in Memphis.

What is the average rent for a studio apartment in Memphis, TN?

The average rent for a studio apartment in Memphis is around $1,000 per month.

What is the average rent for a one-bedroom apartment in Memphis, TN?

The average rent for a one-bedroom apartment in Memphis is around $950 per month.

What is the average rent for a two-bedroom apartment in Memphis, TN?

The average rent for a two-bedroom apartment in Memphis is around $1,150 per month.

How expensive is living in Memphis, TN?

Based on average rent prices in Memphis, to afford a studio apartment you would need an annual salary of $40,000 to live comfortably.

How many apartments under $1,000 are available in Memphis, TN on Rentable.co?

Rentable.co has 323 apartments under $1,000 available for rent in Memphis.

Which neighborhoods have the most apartments under $1,000 for rent in Memphis, TN?

  1. Central Gardens
  2. Voillintine-Evergreen
  3. McKeller
  4. Downtown Memphis
  5. Mud Island

Asset 2
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Memphis:
November Rent Report

Welcome to the November 2022 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2022 key findings and figures for the Memphis rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Memphis and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Memphis average rent prices in the chart below.

Monthly Rent Report

Memphis Rent Prices Increase From October to November

Memphis rent prices increased over the last month. From October to November, the city experienced a 0.11% increase for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $898.0.

When we take a look at the two-bedroom comparison from October to November, Memphis experienced a -0.68% decrease for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,029.0.

November Prices: Memphis vs. Surrounding Areas

Rent Prices in Memphis and Surrounding Areas

Rent prices have increased in Memphis over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 3 of the Memphis suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Cordova, TN, Southaven, MS, Bartlett, TN .

  • Rent decreased in Horn Lake, MS, Collierville, TN, Germantown, TN.

  • 6 suburbs are currently priced higher than the city of Memphis.

November 2022 Pricing Trends: Memphis vs. National Comparisons

Memphis Rent Prices More Affordable Than Major Cities

Rent growth in Memphis over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Memphis average rent prices appear to be relatively affordable for local residents.

The price for a Memphis one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

You can view the full rundown of Rentable's November 2022 National Apartment Report and data set here.

For more information about Memphis and surrounding area rent prices, take a look at the complete data set below.

Data set for Memphis and suburbs

1 BR November 1 BR M/M % Change 2 BR November 2 BR M/M % Change
Memphis, TN $897.0 -0.11% $1,036.0 -2.08%
Cordova, TN $1,353.0 2.81% $1,497.0 0.67%
Southaven, MS $1,257.0 3.37% $1,493.0 -3.68%
Horn Lake, MS $1,246.0 -1.74% $1,200.0 0.00%
Collierville, TN $1,290.0 -0.85% $1,384.0 -0.65%
Germantown, TN $1,241.0 -0.64% $1,683.0 -0.94%
Bartlett, TN $1,472.0 0.27% $1,831.0 0.94%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.