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$1,199Studio Apartments Available Now
Furnished Studio-Memphis - Wolfchase Galleria
2520 Horizon Lake DrMemphis, TN 38133
Cheap Homes for Rent in Lakeland, TN from $1,200 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Lakeland.
8176 Harley Sq.
MemphisTN38016
3087 Barley Mills Cir
LakelandTN38002
9091 S Wilderwood Ln
MemphisTN38016
2753 Virginia Woods Pl
ArlingtonTN38002
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.
8406 Rockcreek Pkwy
MemphisTN38016
9274 Charly Hill Ln
MemphisTN38016
8900 Fulton Cove
MemphisTN38016
2799 Maggie Woods Pl
ArlingtonTN38002
2842 Misty Briar Cove
ArlingtonTN38002
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
1834 Dewars Cove N
MemphisTN38016
Showing Results 1-11, Page 1 of 1
Lakeland, TN Local Guide
Waterfall in Tennessee by greerjasona is licensed under CC BY 2.0
How much does it cost to rent a home in Lakeland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakeland 2 Bedroom Homes for Rent | $1,275 | $1,200 | $1,350 |
| Lakeland 3 Bedroom Homes for Rent | $1,918 | $1,520 | $2,450 |
| Lakeland 4 Bedroom Homes for Rent | $2,432 | $1,510 | $3,995 |
| Lakeland 5 Bedroom Homes for Rent | $2,623 | $2,080 | $3,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Lakeland, TN Local Guide
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Cheapest Available Lakeland Apartments for Rent
The cheapest available apartment rental in Lakeland, TN is a 1 Bed unit found at Greenbrook at Shelby Farms in the Cordova neighborhood priced from $857. Enclave at Wolfchase in the Cordova-Appling neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $888. Here is today’s list of the most affordable Lakeland apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Greenbrook at Shelby Farms | Sycamore | 1BR,1BA | $857 |
| Enclave at Wolfchase | The Gray - Program Qualified | 1BR,1BA | $888 |
| Canterbury Woods Apartments | 1 Bed/1 Bath | 1BR,1BA | $935 |
| Stonebridge Crossing Apartments | Avalon w/Sunroom | 1BR,1BA | $963 |
| The Willows at Shelby Farms | 1X1-Ash | 1BR,1BA | $969 |
Best Value Apartments for Rent in Lakeland, TN
As of July 09, 2026 the best value apartment in the Lakeland area is the $0.99 price per square foot 2 Bedroom/2 Bathroom Renovated Model at Colonial Estates in the in the Cordova-Appling neighborhood starting from $1,325. The second greatest value Lakeland apartment is the The Delta - 2x2 Model at The Landings at Houston Levee starting at $1,353 with a $1.17 price per square foot in the Cordova neighborhood. Here is today’s list of the best values for Lakeland apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Colonial Estates | 2 Bedroom/2 Bathroom Renovated | 2BR,2BA | $0.99 |
| The Landings at Houston Levee | The Delta - 2x2 | 2BR,2BA | $1.17 |
| ReNew Bartlett Village | 2 BR x 2 BA | 2BR,2BA | $1.32 |
| Quail Ridge Apartment Homes | The Bullhead | 1BR,1BA | $1.37 |
| Walnut Hill Apartments | One Bedroom - 1 | 1BR,1BA | $1.37 |
| Stonebridge Crossing Apartments | Avalon | 1BR,1BA | $1.17 |
| Cordova Creek Apartments | The Brook | 1BR,1BA | $1.37 |
| Enclave at Wolfchase | The Gray | 1BR,1BA | $1.37 |
| Greenbrook at Shelby Farms | Sycamore | 1BR,1BA | $1.14 |
| Canterbury Woods Apartments | 1 Bed/1 Bath | 1BR,1BA | $1.29 |
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.
Read Article
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.
Read ArticleQuick Rent Budget Calculator
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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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See the most popular apartments and homes in Lakeland, TN
Frequently Asked Questions about Lakeland
What type of rentals are currently available in Lakeland?
There are currently 43 Apartments for Rent in Lakeland, TN with pricing that ranges from $799 to $3,079. There are also 103 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeland ranging from $1,200 to $3,995.
What is the current price range for Rental Homes in Lakeland?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lakeland ranges from $1,200 to $3,995 with an average monthly rent of $2,062.
How much are larger Three and Four Bedroom Rentals in Lakeland?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lakeland range from $1,145 to $3,079, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,520 to $2,450. Four Bedroom Single-Family rentals are also available starting from $1,510 and Four Bedroom Apartments start at $2,295.
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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.