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Apartments for Rent in Memphis, TN under $500

Apartments for Rent in Memphis, TN under $500. 3 Rentals Available
3 Rentals Available
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  • a living room with a couch and a window
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    Income restricted
    Verified Listing

    3707 Pershing Park Drive, Memphis, TN 38127
  • the front of a building with a sign in front of it
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    2801 Raja Drive, Memphis, TN 38127-7919
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  • our apartments have a playground for kids to play
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    5459 Hudgins Road, Memphis, TN 38116
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 26 May 2026.

What are the best apartments in Memphis, TN?
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.