Apartments Under $500 in Memphis, TN

1 - 25 of 25 Results
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
$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
16
$488
2174 Westchester Rd. Memphis, TN
1 BR | Available Now
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Luxury
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
Storage
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
5
$1 - 900
3131 Madewell Memphis, TN
1 - 3 BR | Ask for Availability
Contact
Air Conditioning
Surface Parking
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
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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
11
$500
Memphis, TN
2 BR | Available Now
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House
Den
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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$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
1
$475
Memphis, TN
2 BR | Available Now
Contact
Air Conditioning
Balcony/Deck/Patio
1
$499
Memphis, TN
2 BR | Available Now
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House
3
$425
1330 Peach Ave Memphis, TN
1 BR | Available Now
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1
$350
Memphis, TN
2 BR | Available Now
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House
$475 - 585
1726 S. Orleans Street Memphis, TN
2 BR | Available Now
1 - 25 of 25 Results
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  2. Memphis
  3. Apartments Under $500

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

Welcome to the December 2024 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 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 December 2024 and are subject to change. It's recommended to contact the property directly for the most accurate pricing information.
0 12 25 37 50 <$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 $1,000, with the majority falling between $570 and $1,430. Out of the 2,598 one-bedroom apartments currently on the market in Memphis, 17 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
34
This chart displays the number of available apartments under $500 in Memphis, TN and the surrounding cities for the month of December 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 40.

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

City Apartments Under $500 in December M/M % Change
Memphis, TN 35 +1.0%
Robinsonville, MS 2 +1.0%
Southaven, MS 1 +1.0%
Horn Lake, MS 1 +1.0%
West Memphis, AR 1 +1.29%
Millington, TN 1 +1.25%
Bartlett, TN 0 +1.0%

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
Pet friendly 82
Utilities included 15
Furnished 38
1 Bedroom 43
2 Bedroom 45
3 Bedroom 15
Square footage 40 - 1,373