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Apartments for Rent in Tennessee under $500

Apartments for Rent in Tennessee under $500. 9 Rentals Available
9 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
  • Studio $500+
    Base rent
    Verified Listing

    1908 West End Ave., Nashville, TN 37203
    Pet friendly
  • Ask for Pricing
    Income restricted
    Verified Listing

    3.5 (7)
    2801 Raja Drive, Memphis, TN 38127-7919
    Apply online
  • Ask for Pricing
    Income restricted
    Verified Listing

    4.0 (16)
    5459 Hudgins Road, Memphis, TN 38116
  • 3 bd $2
    Base rent
    Verified Listing

    18Th Ave, Chattanooga, TN 37407
5-0-state
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Frequently asked questions

When were prices and availability in Tennessee last updated?

Prices and availability in Tennessee were last updated on 14 May 2026.

What are the best apartments in Tennessee?
What type of rental buildings are in Tennessee?

In Tennessee 33% of the housing is rented out compared to 67% of homes are owned, according to the most recent Census Bureau estimates. 9% of Tennessee's apartments are found in large buildings of 50 units or more, 48% are located in smaller apartment complexes with less than 50 units, and 35% are single-family rentals.