Cheap Homes for Rent in Lakeland, TN from $1,500 (34 Rentals)

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

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

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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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.

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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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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.

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Showing Results 1-34, Page 1 of 1

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 $839. The Willows at Shelby Farms in the Germantown neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $932. Here is today’s list of the most affordable Lakeland apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Greenbrook at Shelby FarmsMagnolia1BR,1BA$839
The Willows at Shelby Farms1X1-Ash1BR,1BA$932
Canterbury Woods Apartments1 Bed/1 Bath1BR,1BA$935
The Landings at Houston LeveeThe Cove - 1x11BR,1BA$954
Stonebridge Crossing ApartmentsAvalon w/Sunroom1BR,1BA$971
Arbors of Century CenterAsh - 1x1 Upgrade1BR,1BA$975
Trinity LakesPolo - 1x11BR,1BA$1,039
The Glen Townhomes2 BD2BR,1BA$1,045
Rock Creek ApartmentsOne Bedroom1BR,1BA$1,059
Cordova CreekA11BR,1BA$1,098

Best Value Apartments for Rent in Lakeland, TN

As of May 25, 2026 the best value apartment in the Lakeland area is the $1.30 price per square foot C1L Model at Villas at Houston Levee East & West in the in the Eads-Fisherville neighborhood starting from $1,875. The second greatest value Lakeland apartment is the C1 Model at Somerset at Lakeland starting at $1,770 with a $1.23 price per square foot in the Lakeland Arlington 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.
Villas at Houston Levee East & WestC1L3BR,2BA$1.30
Somerset at LakelandC13BR,2BA$1.23
The Landings at Houston LeveeThe Bayfront - 3x23BR,2BA$1.03
Walnut Hill ApartmentsTwo Bedroom - 22BR,2BA$1.24
Colonial Estates2 Bedroom/2 Bathroom Renovated2BR,2BA$1.16
The Glen Townhomes2 BD2BR,1.5BA$1.02
The Birches Apartment Homes2bed 2 bath2BR,2BA$1.30
Stonebridge Crossing ApartmentsBeaumont2BR,2BA$1.30
Greenbrook at Shelby FarmsSycamore1BR,1BA$1.12
Canterbury Woods Apartments1 Bed/1 Bath1BR,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.

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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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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 43 Apartments for Rent in Lakeland, TN with pricing that ranges from $799 to $3,072. There are also 98 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeland ranging from $1,550 to $3,800.

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 $1,550 to $3,800 with an average monthly rent of $2,236.

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 $3,072, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,595 to $2,485. Four Bedroom Single-Family rentals are also available starting from $1,550 and Four Bedroom Apartments start at $2,170.

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.