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Apartments for rent in Memphis: What will $500 get you?

Apartments for rent in Memphis: What will $500 get you?
1726 S. Orleans St. | Photo: Apartment Guide
By Hoodline - Published on September 28, 2019.

Curious just how far your dollar goes in Memphis?

We've rounded up the latest places for rent via rental sites Zumper and Apartment Guide to get a sense of what to expect when it comes to finding apartment rentals in Memphis if you don't want to spend more than $500/month on rent.

Read on for the listings. (Note: Prices and availability are subject to change.)

Hoodline offers data-driven analysis of local happenings and trends across cities. Links included in this article may earn Hoodline a commission on clicks and transactions.


1726 S. Orleans St.

Photo: Apartment Guide
Photo: Apartment Guide

Here's a two-bedroom, one-bathroom apartment situated at 1726 S. Orleans St. It's listed for $460/month for its 788 square feet.

When it comes to building amenities, expect assigned parking, on-site laundry and secured entry. In the unit, expect to see hardwood flooring and a walk-in closet. Good news for animal lovers: The rental is both dog-friendly and cat-friendly.

Walk Score indicates that this location requires a car for most errands and isn't particularly bikeable.

(See the complete listing here.)

3645 Macon Road (Berclair-Highland Heights)

Photo: Zumper

Listed at $495/month, this 700-square-foot one-bedroom, one-bathroom apartment is located at 3645 Macon Road.

The building features on-site laundry. The apartment also comes with both air conditioning and central heating and hardwood flooring. Good news for pet lovers: The rental is both dog-friendly and cat-friendly. 

Per Walk Score ratings, this location isn't very walkable and has minimal bike infrastructure.

(See the complete listing here.)

2743 Ketchum Road (East Memphis-Colonial-Yorkshire)

Photo: Apartment Guide
Photo: Apartment Guide

Finally, there's this one-bedroom, one-bathroom apartment located at 2743 Ketchum Road. It's listed for $500/month for its 573 square feet.

You can expect a dishwasher and a mix of hardwood floors and carpeting in the apartment. The building boasts assigned parking and on-site laundry. For those with furry friends in tow, this property is pet-friendly. The listing specifies a $200 pet deposit.

Per Walk Score ratings, the area around this address isn't very walkable and is somewhat bikeable.

(Take a gander at the complete listing here.)

Working with a tight budget? Here are the cheapest rentals recently listed in Memphis.


This story was created automatically using local real estate data from Zumper and Apartment Guide, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.