137 Apartments under 600 for rent in Memphis, TN

Last updated November 18 at 5:53pm UTC
1127 Whitaker Dr
Memphis
Memphis, TN
Updated October 28 at 7:01pm UTC
2 Bedrooms
$500
1861 TN-1
Evergreen Historic District
Memphis, TN
Updated November 6 at 1:44am UTC
Studio
$495
1135 Whitaker Dr
Memphis
Memphis, TN
Updated November 18 at 5:53pm UTC
1 Bedroom
$575
3415 Range Line Rd
Alta Vista
Memphis, TN
Updated October 25 at 10:43am UTC
2 Bedrooms
$525
1756 TN-3
North Memphis Concerned Citizens
Memphis, TN
Updated November 16 at 12:34pm UTC
Studio
$495
1841 TN-3
Sixty Point One Ward
Memphis, TN
Updated November 18 at 5:50pm UTC
Studio
$500
1774 Crump Ave
Voillintine - Evergreen
Memphis, TN
Updated October 15 at 1:33am UTC
1 Bedroom
$450
1283 E Raines Rd
Memphis
Memphis, TN
Updated October 25 at 10:42am UTC
2 Bedrooms
$495
Bowen Ave
Berclair - Highland Heights
Memphis, TN
Updated October 31 at 7:28am UTC
1 Bedroom
$400
596 S Danny Thomas Blvd
New Pathways
Memphis, TN
Updated October 26 at 6:17pm UTC
2 Bedrooms
$375
1745 Boxberry Ln
Red Oaks
Memphis, TN
Updated November 18 at 5:49pm UTC
Studio
$550
Ashwood St
Parkway Village
Memphis, TN
Updated November 4 at 7:18am UTC
2 Bedrooms
$595
4713 Brigidier St
Red Oaks
Memphis, TN
Updated November 18 at 5:49pm UTC
Studio
$550
Railton Rd
Hadley & Prescott Community Association
Memphis, TN
Updated November 14 at 8:18am UTC
2 Bedrooms
$550
Palermo Ave
Sixty Point One Ward
Memphis, TN
Updated November 7 at 8:28am UTC
2 Bedrooms
$495
Wellington St
East Dison
Memphis, TN
Updated November 8 at 8:24am UTC
2 Bedrooms
$550
4687 Brigidier St
Red Oaks
Memphis, TN
Updated November 1 at 9:58am UTC
2 Bedrooms
$550
Elder Rd
Ford Road
Memphis, TN
Updated November 16 at 8:48am UTC
3 Bedrooms
$565
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November 2017 Memphis Rent Report

Welcome to the November 2017 Memphis Rent Report. Memphis rents declined over the past month. In this report, we'll evaluate trends in the Memphis rental market, including comparisons to similar cities nationwide.

View full Memphis Rent Report
Rent Report
Memphis

November 2017 Memphis Rent Report

Welcome to the November 2017 Memphis Rent Report. Memphis rents declined over the past month. In this report, we'll evaluate trends in the Memphis rental market, including comparisons to similar cities nationwide.

Memphis rents declined slightly over the past month

Memphis rents have declined 0.3% over the past month, but have increased slightly by 1.3% in comparison to the same time last year. Currently, median rents in Memphis stand at $700 for a one-bedroom apartment and $820 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in August. Memphis' year-over-year rent growth lags the state average of 1.9%, as well as the national average of 2.7%.

Memphis rents more affordable than many other large cities nationwide

As rents have increased slightly in Memphis, similar cities nationwide have seen rents grow more quickly. Memphis is still more affordable than most comparable cities across the country.

  • Memphis' median two-bedroom rent of $820 is below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 1.3% increase in Memphis.
  • While Memphis' rents rose slightly over the past year, many cities nationwide saw more substantial increases, including Seattle (+4.2%), Phoenix (+4.1%), and Dallas (+2.6%).
  • Renters will find more reasonable prices in Memphis than most other large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than three-and-a-half times the price in Memphis.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.