An electronic device includes a memory; a plurality of clients; at least one arbiter circuit; and a management circuit. A given client of the plurality of clients communicates a request to the management circuit requesting an allocation of memory access bandwidth for accesses of the memory by the given client. The management circuit then determines, based on the request, a set of memory access bandwidths including a respective memory access bandwidth for each of the given client and other clients of the plurality of clients that are allocated memory access bandwidth. The management circuit next configures the at least one arbiter circuit to use respective memory access bandwidths from the set of memory access bandwidths for the given client and the other clients for subsequent accesses of the memory.