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Townhomes under $500 for Rent in Memphis, TN

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Living & Renting in Memphis

Memphis at a Glance

Average Rent

$1,025
(All bedrooms and property types)
Learn more about
Average Rent in Memphis
7

School Rating

out of 10 Rating
Learn more about
Schools in Memphis
29

Some Transit

out of 100 TransitScore® Rating
Learn more about
Transportation in Memphis
50

Somewhat Bikeable

out of 100 BikeScore® Rating
Learn more about
Transportation in Memphis

Memphis, TN Townhouses for Rent

Memphis, TN, offers a vibrant cultural experience steeped in Southern hospitality and a rich musical heritage. The city is renowned for its blues and rock 'n' roll scene, with Beale Street serving as a historic hub for live performances that echo the sounds of legendary artists. Nearby, the National Civil Rights Museum, located at the former Lorraine Motel, provides profound insights into the civil rights movement, making it a must-visit for those seeking to understand the city’s historical significance.

Outdoor enthusiasts will find solace in Overton Park, a sprawling green space that invites leisurely strolls and picnics, while Tom Lee Park along the Mississippi River offers stunning views and recreational opportunities. For families, the Children's Museum of Memphis and the Memphis Rock 'n' Soul Museum provide engaging experiences that celebrate the city's artistic legacy.

The culinary scene is a highlight, with iconic spots similar to B.B. King's Blues Club and Gus's World Famous Fried Chicken serving up mouthwatering dishes that reflect the city's rich heritage. Dining options abound, from the soulful flavors at Blues City Cafe to the upscale offerings at Flight Restaurant and Wine Bar. Cafes such as The Arcade Restaurant and Café Eclectic provide cozy spots for a casual meal or a coffee break.

Shopping enthusiasts can explore the eclectic mix of stores at Overton Square and the Broad Avenue Arts District, where unique boutiques and art galleries thrive. Envy Chic Couture Boutique offers fashionable finds, while the Southgate Shopping Center and Lamar-Airways Shopping Center cater to everyday shopping needs.

Memphis is alive with festivals and events throughout the year, including the Beale Street Music Festival and the World Championship Barbecue Cooking Contest, drawing both locals and visitors to celebrate the city's vibrant spirit. With landmarks similar to Graceland, the former home of Elvis Presley, and the iconic Stax Museum of American Soul Music, the city provides a dynamic backdrop for those looking to immerse themselves in a community rich with history and entertainment.

Various rental options are available, from cozy apartments in the bustling Midtown area to spacious townhomes in quieter neighborhoods, catering to diverse lifestyles and budgets. Daily life is made convenient with access to grocery stores, shopping centers, and public transportation, ensuring that everything needed is just a stone's throw away.

Why Memphis?

  • Of course, visiting Graceland–home of Elvis Presley–and enjoying the tours, on-site restaurants, and gift shops.
  • Strolling down famous Beale Street, the birthplace of rock n’ roll, home to clubs, cafes, art galleries, and more.
  • The 70-acre Memphis Zoo is home to 2,800 animals, a petting farm, and even a seasonal ice rink.
  • Memphis is surrounded by natural beauty, including the Wolf River, home to lush wetlands and pristine forests.
  • Cruising the Mississippi on an old-fashioned river boat or skimming the water’s surface during an exhilarating airboat ride.
  • Exploring history at the Davis Manor Plantation, the Cotton Museum, and Casey Jones Village.

Renting in Memphis

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in Memphis

(For 1 bedroom apartments)

Getting Around Memphis

Transportation

50

Somewhat Walkable

out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you need a car.
50

Bikeable

out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you'll most likely want your car for most errands.
29

Some Transit

out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Scores provided by Walk Scoreⓘ

Education

8
White Station High
out of 10 Rating
Public | Grades 9- 12 | 1,840 Students
8
East High
out of 10 Rating
Public | Grades 9- 12 | 568 Students
7
Middle College High
out of 10 Rating
Public | Grades 9- 12 | 311 Students
5
Whitehaven High
out of 10 Rating
Public | Grades 9- 12 | 1,587 Students
5
Public | Grades 9- 12 | 79 Students
9
Maxine Smith Steam Academy
out of 10 Rating
Public | Grades 6- 8 | 364 Students
8
White Station Middle
out of 10 Rating
Public | Grades 6- 8 | 1,099 Students
5
Bellevue Middle
out of 10 Rating
Public | Grades 6- 8 | 594 Students
10
Campus School
out of 10 Rating
Public | Grades K- 5 | 398 Students
8
Idlewild Elementary
out of 10 Rating
Public | Grades K- 5 | 579 Students
School data provided by Great Schoolsⓘ

Townhouses for Rent Nearby Neighborhoods

Memphis Townhouses for Rent in Your Budget

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