Apartments for Rent in Memphis, TN under $500
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5 units available1 bd $3002 bd $450+Base rent262 Chelsea Ave., Memphis, TN 38107 -
Ask for PricingIncome restricted4.0 (16)5459 Hudgins Road, Memphis, TN 38116 -
Ask for PricingIncome restricted3.5 (7)2801 Raja Drive, Memphis, TN 38127-7919Apply online
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Frequently asked questions
When were prices and availability in Memphis, TN last updated?
Prices and availability in Memphis, TN were last updated on 4 Jun 2026.
What are the best apartments in Memphis, TN?
The best apartments in Memphis, TN are: The Summit Apartments, Harbor Island Apartments, The Junction, The Tennessee Brewery Apartments and Parcels at Concourse.
What type of rental buildings are in Memphis, TN?
In Memphis 55% of the housing is rented out compared to 45% of homes are owned, according to the most recent Census Bureau estimates. 10% of Memphis's apartments are found in large buildings of 50 units or more, 50% are located in smaller apartment complexes with less than 50 units, and 39% are single-family rentals.