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Apartments for Rent in Memphis, TN under $1000 – 286 Rentals available

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Memphis, TN Demographics

  • Total Population654,723
  • Female 311,133
    Male 343,590
  • Median Age33.7

Average Rent in Memphis, TN

  • Memphis, TN Average Rental Price, June 2019$812/mo

Memphis, TN Apartment Rent Ranges

  • < $50010%
  • $501-$70036%
  • $701-$1,00033%
  • $1,001-$1,50018%
  • $1,501-$2,0003%
  • > $2,0001%

Memphis, TN Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 Jun / 2019
Memphis, TN $733 $743 $752 $753 $767 $767 $765 $769 $812
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396
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Memphis, TN Households

  • Total Number of Households250,259
  • Family 144,263
    Non-family 105,996
  • Children 75,502
    No Children 174,757
  • Average People Per Household2.55
  • Median Household Income$38,230
  • Median Housing Costs Per Month$881

Memphis, TN Education Statistics

  • No High School5%
  • Some High School41%
  • Some College25%
  • Associate Degree5%
  • Bachelor Degree15%
  • Graduate Degree9%

Search for apartments in Memphis, TN under $1,000

There’s more than one way to spend $1,000 on rent in Memphis, TN, so the first step is to start thinking about what you really want from your new home. Be mindful of what makes you tick. Look for 2 bedroom apartments for rent for less than $1,000 if you want to share your living space and don’t mind being further away from the city center. Search for 3 bedroom apartments if you’re moving in with family or planning to share part of your life and living expenses with more friends. If city bustle is what you live for, you might want to search for a studio or 1 bedroom apartment closer to the city center.

The perfect $1,000 rental near you

Don’t dismiss the idea of a studio just because it sounds small and featureless: studios come in many shapes and sizes, and it only takes a few strikes of creativity to go from drab to lively. If an all-in-one-room apartment spells total lack of privacy for you, have a look at the 1 bedroom apartments for rent in Memphis, TN. Customize your search by using more RENTCafé filters. Decide what amenities you can’t live without and focus your search on the apartments that offer them. Are you bringing in a pet? Narrow your options to pet-friendly apartments for rent. Want more windows so that natural light floods your home? Hardwood floors or plush carpet in the living area? There are 67 apartments for rent below $1,000 in Memphis, TN for every taste. Decide what you need, stay focused, and you’re bound to find your perfect apartment in no time.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!