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Apartments Under $1,000 in Memphis, TN

421 - 421 of 421 Results
$575
865 N Bingham St
Memphis, TN
1 BR | Ask for Availability
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421 - 421 of 421 Results
  1. Home
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Frequently Asked Questions

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

There are 421 apartments under $1,000 in Memphis currently available for rent on Rentable.co.

How many studio apartments under $1,000 are available in Memphis?

Rentable.co has 162 studio apartments under $1,000 available for rent in Memphis.

How many one-bedroom apartments under $1,000 are available in Memphis?

Rentable.co has 1,884 one-bedroom apartments under $1,000 available for rent in Memphis.

How many two-bedroom apartments under $1,000 are available in Memphis?

Rentable.co has 3,536 two-bedroom apartments under $1,000 available for rent in Memphis.

Can I afford a apartment under $1,000 in Memphis, TN?

To comfortably afford a apartment under $1,000 in Memphis based on average rent prices, a household would need an annual income of $33,000.

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

  1. Orange Mound
  2. Voillintine-Evergreen
  3. Cooper-Young
  4. South Forum
  5. Downtown Memphis

Apartments Under $1,000 in Memphis, TN: July Rental Information

Welcome to the July 2026 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the July 2026 key findings and figures for the Memphis rental landscape.

Our experts analyze the inventory trends for apartments under $1,000 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Memphis and surrounding areas. This summary also provides insights into available features and amenities, as well as location options for apartments under $1,000 in Memphis.

This report is designed to help prospective renters navigate the Memphis rental market and make informed decisions about their housing options. Whether you're looking for a studio, one-bedroom, or multiple bedroom apartments, this report will provide valuable information to help you find a rental within your budget. Stay tuned for the latest updates and data on apartments under $1,000 in Memphis.
0 20 40 60 80 <$700 $740 $820 $900 $980 $1,060 $1,140 $1,220 $1,300 $1,380 $1,460 $1,540 >$1,620
This month, the typical cost to rent a one-bedroom apartment in Memphis stands at $1,040, with the majority falling between $650 and $1,620. Out of the 4,445 one-bedroom apartments currently on the market in Memphis, 1,661 are priced below $1,000, accounting for 37% of the total available one-bedroom units in Memphis.

Available Apartments Under $1,000: Memphis vs. Surrounding Areas

Memphis, TN
Southaven, MS
Marion, AR
West Memphis, AR
Millington, TN
Robinsonville, MS
417
6
5
3
3
3
In July 2026, there are a variety of apartments available in Memphis, TN and the surrounding areas for under $1,000. This chart highlights the number of available apartments in Memphis, TN and a selection of nearby cities, providing renters with a snapshot of the rental market in the region. The surrounding city names displayed in the chart include West Memphis, Southaven, Olive Branch, Germantown, Lakeland, Millington, Munford, Arlington, Piperton, Bartlett, Collierville, Hernando, Marion, Robinsonville, Walls, Cordova, Horn Lake, Joiner, Turrell, and Nesbit. In total, there are 445 apartments available under $1,000 in the Memphis, TN metro area, giving renters a range of options to suit their budget and preferences.

Apartments Under $1,000 Now vs. Last Month: Memphis and Surrounding Areas

City Apartments Under $1,000 in July M/M % Change
Memphis, TN 417 +1.01%
Southaven, MS 6 +1.0%
Marion, AR 5 +0.97%
West Memphis, AR 4 +0.95%
Millington, TN 3 +1.22%
Robinsonville, MS 3 +1.0%
Horn Lake, MS 1 +0.83%
Cordova, TN 1 +1.0%
Walls, MS 1 +1.14%
Hernando, MS 0 +1.5%

Looking for Apartments Under $1,000 in Memphis?

Available apartments under $1,000 5,736
Top amenities Air Conditioning, Dishwasher, Refrigerator, Pool, Range / Oven
Deals 32
Pet friendly 673
Utilities included 136
Furnished 45
1 Bedroom 358
2 Bedroom 458
3 Bedroom 118

Where are Memphis Apartments Under $1,000?

Top Neighborhoods Orange mound, Voillintine-evergreen, Cooper-young, South forum, Downtown memphis
Orange Mound 5
Voillintine-Evergreen 5
Cooper-Young 4
South Forum 3
Downtown Memphis 2
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