Cheap Apartments for Rent near Lake Cormorant, MS from $617 (35 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lake Cormorant.

Rent According to Income: A Look at Income-Restricted Rentals

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Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Chapel Place Homes
3 to 4 Bedroom Apartments

Chapel Place Homes

5228 Whistling Duck DrMemphis, TN 38109

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Lake Cormorant, MS Local Guide

Cheapest Available Lake Cormorant Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake Cormorant, MS is a 1 Bed unit found at Mill Creek Apartments in the South Memphis neighborhood priced from $617. Wesley Forest in the South Memphis neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Lake Cormorant apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR,1BA$617
Wesley Forest1x1Wesley Forest1BR,1BA$700
Weaver Fields ApartmentsOne1BR,1BA$725
Welcome to Holmes Pointe Apartments!B12BR,1BA$775
Indigo at 611 Bedroom 1 Bath1BR,1BA$875
Sutton at Shelby2 Bedroom 1.5 Bathroom2BR,1BA$875
Colonial Village Apartments2 Bedroom2BR,1BA$875
Greenway Apartments1 Beds, 1 Baths1BR,1BA$900
Faronia Square2 bdr 1.5 ba Plan IV2BR,1BA$900
Lakeside Vintage1 Bedroom 1 Bath1BR,1BA$925

Best Value Apartments for Rent in Lake Cormorant, MS and Nearby

As of September 09, 2026 the best value apartment in the Lake Cormorant area is the $0.87 price per square foot 3 Bedroom 2 Bathroom Model at Sutton at Shelby in the in the South Memphis neighborhood starting from $1,175. The second greatest value Lake Cormorant apartment is the 3 Bedroom Model at The Trace at 161 starting at $1,495 with a $1.11 price per square foot in the DeSoto County neighborhood. Here is today’s list of the best values for Lake Cormorant apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sutton at Shelby3 Bedroom 2 Bathroom3BR,2BA$0.87
The Trace at 1613 Bedroom3BR,2BA$1.11
Weatherstone Apartments2 Bedroom, 2 Bathroom2BR,2BA$1.11
The Crescent at 161Renovated 2 Bedroom 2 Bath2BR,2BA$1.17
Colonial Village Apartments2 Bedroom2BR,1BA$0.97
Hunter Oaks Apartments2 Bedroom2BR,1.5BA$1.19
Weaver Fields ApartmentsOne1BR,1BA$0.94
Welcome to Holmes Pointe Apartments!B12BR,1BA$1.03
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR,1BA$0.95
Wesley Forest1x1Wesley Forest1BR,1BA$1.06

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Lake Cormorant, MS

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Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Cheap Lake Cormorant Apartments

How much is rent for a Cheap One Bedroom Lake Cormorant Apartment?

The lowest price for a Cheap One Bedroom Lake Cormorant Apartment is $617 at Mill Creek Apartments.

What is the lowest price for a Cheap Two Bedroom Lake Cormorant Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lake Cormorant is starting from $732 at Mill Creek Apartments.

What is the most affordable Lake Cormorant Three Bedroom Apartment?

The best deal on a cheap Lake Cormorant Three Bedroom Apartment rental is at Wesley Forest and starts from $950.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.