Apartments Under $500 in Memphis, TN

1 - 27 of 27 Results
5
$1 - 900
3131 Madewell Memphis, TN
1 - 3 BR | Ask for Availability
Contact
Air Conditioning
Surface Parking
17
$100 - 350
256 S Camilla St Memphis, TN
1 BR | Available Now
Contact
Heat Included
Senior Community
Income Restricted
Air Conditioning
Surface Parking
5
$439 - 469
Millbranch Dr Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Townhome
Balcony/Deck/Patio
Pool
22
$ Ask - 1,629
1350 Concourse Avenue, Suite 750 Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
In Unit Laundry
16
$488
2174 Westchester Rd. Memphis, TN
1 BR | Available Now
Contact
Luxury
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
Storage
5
$500
5995 Waterstone Oak Way Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Section 8
Air Conditioning
In Unit Laundry
8
$495
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
4
$500
1460 Cherry Rd. Memphis, TN
1 BR | Available Now
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Student
Dishwasher
4
$450
Memphis, TN
2 BR | Available Now
Contact
House
1
$475
4332 Melinda Memphis, TN
2 BR | Available Now
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Air Conditioning
5
$25 - 992
994 N Watkins St Memphis, TN
1 - 2 BR | Available Now
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Income Restricted
1
$500 - 535
2743 Ketchum Road Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
4
$495
Memphis, TN
Studio - 1 BR | Ask for Availability
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1
$500
Memphis, TN
2 BR | Available Now
Contact
In Unit Laundry
11
$500
Memphis, TN
2 BR | Available Now
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House
Den
$500
Memphis, TN
2 BR | Available Now
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House
Storage
$380 - 405
5473 Vander Oak Drive Memphis, TN
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Income Restricted
Section 8
Air Conditioning
$490 - 650
4183 Troost Drive Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
Section 8
Air Conditioning
Covered Parking
1
$400
Memphis, TN
1 BR | Ask for Availability
Contact
1
$500
Memphis, TN
2 BR | Available Now
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House
1
$495
Memphis, TN
1 BR | Ask for Availability
Contact
1
$450
Memphis, TN
1 BR | Ask for Availability
Contact
3
$425
1330 Peach Ave Memphis, TN
1 BR | Available Now
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1
$350
Memphis, TN
2 BR | Available Now
Contact
House
1
$499
Memphis, TN
2 BR | Available Now
Contact
House
1
$475
Memphis, TN
2 BR | Available Now
Contact
Air Conditioning
Balcony/Deck/Patio
$475 - 585
1726 S. Orleans Street Memphis, TN
2 BR | Available Now
1 - 27 of 27 Results
  1. Home
  2. Memphis
  3. Apartments Under $500

Apartments Under $500 in Memphis, TN: May Rental Information

Welcome to the May 2024 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Memphis rental landscape.

Our experts analyze the inventory trends for apartments under $500 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Memphis and surrounding areas. This summary also provides an insight into available features and amenities, as well as location options for apartments under $500 in Memphis.

Please note that the rental prices mentioned in this report are for May 2024 and are subject to change. It's recommended to contact the property directly for the most accurate pricing information.
0 15 30 45 60 <$600 $640 $720 $800 $880 $960 $1,040 $1,120 $1,200 $1,280 $1,360 $1,440 >$1,520
This month, the typical cost to rent a one-bedroom apartment in Memphis stands at $940, with the majority falling between $550 and $1,590. Out of the 2,123 one-bedroom apartments currently on the market in Memphis, 21 are priced below $500, accounting for 1% of the total available one-bedroom units in Memphis.

Available Apartments Under $500: Memphis vs. Surrounding Areas

Memphis, TN
36
This chart displays the number of available apartments under $500 in Memphis, TN and the surrounding cities for the month of May 2024. The cities included in this data are West Memphis, Southaven, Olive Branch, Germantown, Lakeland, Millington, Munford, Arlington, Piperton, Bartlett, Collierville, Hernando, Marion, Robinsonville, Walls, Cordova, Horn Lake, Joiner, Turrell, and Nesbit. The chart provides an overview of the rental inventory in the metro area, indicating the number of apartments that fall within this price range. This information is helpful for prospective renters seeking affordable housing options in the Memphis, TN area. Currently, the total inventory of apartments under $500 in the metro area is 41.

Apartments Under $500 Now vs. Last Month: Memphis and Surrounding Areas

City Apartments Under $500 in May M/M % Change
Memphis, TN 36 +0.99%
Germantown, TN 2 +1.0%
Cordova, TN 2 +1.0%
Robinsonville, MS 2 +1.0%
Southaven, MS 1 +1.0%
Millington, TN 1 +1.0%
Horn Lake, MS 1 +1.0%
Bartlett, TN 0 +0.67%

Looking for Apartments Under $500 in Memphis?

Available apartments under $500 228
Top amenities Air Conditioning, Refrigerator, Range / Oven, Off Street Parking, Pet Friendly Community
Deals 8
Pet friendly 84
Utilities included 15
Furnished 38
1 Bedroom 43
2 Bedroom 46
3 Bedroom 14
Square footage 80 - 1,476