Cheap Homes for Rent in Lakeland, TN from $1,300 (15 Rentals)

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Search the lowest-cost Homes available for rent right now in Lakeland.

property at 2204 Stone Stream Dr

$1,665

Total Monthly Price

Total Monthly Price

Base Rent
$1,635
Required Monthly Fees
$30

Total Monthly Price
$1,665

3 Bedroom, 2 Bath Rentals

Available Now

2204 Stone Stream Dr

MemphisTN38016
property at 9274 Charly Hill Ln

$1,695

Total Monthly Price

Total Monthly Price

Base Rent
$1,695

Total Monthly Price
$1,695

3 Bedroom, 2 Bath Home for Rent

Available Now

9274 Charly Hill Ln

MemphisTN38016

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.

property at 10173 Evening Hill Dr

$1,720

Total Monthly Price

Total Monthly Price

Base Rent
$1,690
Required Monthly Fees
$30

Total Monthly Price
$1,720

3 Bedroom, 2 Bath Rentals

Available Now

10173 Evening Hill Dr

MemphisTN38016
property at 1820 Dewars Cove N

$1,725

Total Monthly Price

Total Monthly Price

Base Rent
$1,695
Required Monthly Fees
$30

Total Monthly Price
$1,725

3 Bedroom, 2.5 Bath Rentals

Available May 26

1820 Dewars Cove N

MemphisTN38016
property at 9134 Cinderhill Cove E

$1,725

Total Monthly Price

Total Monthly Price

Base Rent
$1,695
Required Monthly Fees
$30

Total Monthly Price
$1,725

3 Bedroom, 2 Bath Rentals

Available May 7

property at 2692 Bending Elm Dr

$1,745

Total Monthly Price

Total Monthly Price

Base Rent
$1,715
Required Monthly Fees
$30

Total Monthly Price
$1,745

3 Bedroom, 2 Bath Rentals

Available May 14

2692 Bending Elm Dr

MemphisTN38016
property at 2202 Stone Stream Dr

$1,745

Total Monthly Price

Total Monthly Price

Base Rent
$1,745

Total Monthly Price
$1,745

3 Bedroom, 2 Bath Rentals

Available Apr 16

2202 Stone Stream Dr

MemphisTN38016

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

property at 2568 Kilgore Cove

$1,770

Total Monthly Price

Total Monthly Price

Base Rent
$1,740
Required Monthly Fees
$30

Total Monthly Price
$1,770

3 Bedroom, 2 Bath Rentals

Available Now

2568 Kilgore Cove

MemphisTN38133
property at 2241 Lake Hill Ct

$1,770

Total Monthly Price

Total Monthly Price

Base Rent
$1,740
Required Monthly Fees
$30

Total Monthly Price
$1,770

3 Bedroom, 2 Bath Rentals

Available Apr 20

2241 Lake Hill Ct

MemphisTN38016
property at 9595 Chi Chi Ln

$1,790

Total Monthly Price

Total Monthly Price

Base Rent
$1,790

Total Monthly Price
$1,790

3 Bedroom, 2 Bath Rentals

Available Now

9595 Chi Chi Ln

LakelandTN38002

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Lakeland, TN Local Guide

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 Germantown neighborhood priced from $808. The Willows at Shelby Farms in the Germantown neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here is today’s list of the most affordable Lakeland apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Greenbrook at Shelby FarmsSycamore1BR,1BA$808
The Willows at Shelby Farms1X1-Ash1BR,1BA$899
Lincoln at WolfchaseIris1BR,1BA$940
Arbors of Century CenterAsh - 1x1 Upgrade1BR,1BA$975
The Landings at Houston LeveeThe Cordelle - 1x11BR,1BA$990

Best Value Apartments for Rent in Lakeland, TN

As of March 31, 2026 the best value apartment in the Lakeland area is the $0.96 price per square foot B2 Model at Cordova Creek in the in the Germantown neighborhood starting from $1,141. The second greatest value Lakeland apartment is the The Delta - 2x2 Model at The Landings at Houston Levee starting at $1,295 with a $1.12 price per square foot in the Eads-Fisherville neighborhood. Here is today’s list of the best values for Lakeland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cordova CreekB22BR,2BA$0.96
The Landings at Houston LeveeThe Delta - 2x22BR,2BA$1.12
Atlas at Goodlett Farms2x2 Upgrade2BR,2BA$1.26
ReNew Bartlett Village2B2BR,2BA$1.33
Rock Creek ApartmentsTwo Bedroom2BR,2BA$1.26
The CharlestonBeaumont1BR,1BA$1.33
Stonebridge Crossing ApartmentsAvalon1BR,1BA$1.31
Somerset at LakelandA21BR,1BA$1.22
Colonial Estates1 Bedroom/1 Bathroom1BR,1BA$1.26
Greenbrook at Shelby FarmsPine1BR,1BA$1.17

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lakeland, TN Rentals by Map

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Frequently Asked Questions about Lakeland

What type of rentals are currently available in Lakeland?

There are currently 42 Apartments for Rent in Lakeland, TN with pricing that ranges from $799 to $3,042. There are also 91 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeland ranging from $1,375 to $5,000.

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 $1,375 to $5,000 with an average monthly rent of $2,186.

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.