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Apartments for Rent in Memphis, TN under $500

Apartments for Rent in Memphis, TN under $500. 7 Rentals Available
7 Rentals Available
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  • 5 units available
    1 bd $300
    2 bd $450+
    Base rent
    Verified Listing

    262 Chelsea Ave., Memphis, TN 38107
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    Income restricted
    Verified Listing

    4.0 (16)
    5459 Hudgins Road, Memphis, TN 38116
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    Income restricted
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    3.5 (7)
    2801 Raja Drive, Memphis, TN 38127-7919
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3-0-city

Frequently asked questions

When were prices and availability in Memphis, TN last updated?

Prices and availability in Memphis, TN were last updated on 15 May 2026.

What are the best apartments in Memphis, TN?
What type of rental buildings are in Memphis, TN?

In Memphis, 55% of the residents are renting compared to 45% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 10% of Memphis's rentals, 50% are small-scale complexes with under 50 units, and 39% are single-family rentals.