Cheap Apartments for Rent in the Dison Peterson Neighborhood of Memphis, TN from $500 (59 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Dison Peterson area of Memphis.

property at 1760 Foster Ave

$740 - $1,645

1 To 4 Bedroom Rentals

Available Now

1760 Foster Ave

MemphisTN38114

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Washington Manor
1 to 3 Bedroom Apartments

Washington Manor

1920 Florida StMemphis, TN 38109
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Manor Park Apartments
1 to 3 Bedroom Apartments

Manor Park Apartments

1500 Parkway View CirMemphis, TN 38106
  • Utilities Included
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Crescent Bluff II
1 to 2 Bedroom Apartments

Crescent Bluff II

10 E Virginia AveMemphis, TN 38106
  • Utilities Included
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Crescent Bluff
1 to 3 Bedroom Apartments

Crescent Bluff

25 E Virginia AveMemphis, TN 38106
  • Utilities Included

Affordable Memphis: The Best Neighborhoods with Character and Lower Rents

Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.

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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.

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Showing Results 1-50, Page 1 of 2

Dison Peterson, Memphis, TN Local Guide

Cheapest Available Dison Peterson Apartments for Rent

 

The cheapest available apartment rental in the Dison Peterson area of Memphis, TN is a 2 Beds unit found at Longview Gardens priced from $557. Longview Heights has the second lowest priced unit, which is a 2 Beds apartment currently listed from $616. Here are the most affordable Dison Peterson apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Longview Gardens2 Bedroom2BR,1BA$557
Longview Heights2 Bed / 1 Bath2BR,1BA$616
Willie Mitchell Apartments2 Bed 1 Bath2BR,1BA$650
Melrose Court Apartments1 Bed, 1 bath1BR,1BA$695
1154 Wilson StOne Bed One Bath1BR,1BA$699
Central GardensStudio One Bath1BR,1BA$775
Crescent Bluff11A501BR,1BA$784
The Bonsai at Central GardensStudio without Washer/DryerStudio,1BA$849
Ruby Oaks Apartments2 Beds, 1 bath2BR,1BA$865
Goodbar Townhomes2BR/1.0BA2BR,1BA$950

Best Value Apartments for Rent in Dison Peterson, TN

As of April 26, 2026 the best value apartment in the Dison Peterson area is the $1.12 price per square foot 2 Bedroom Model at The Marine Residence in the in the South Memphis neighborhood starting from $1,705. The second greatest value Dison Peterson apartment is the 2x1A Model at Belvedere Place starting at $1,199 with a $1.23 price per square foot in the Midtown Memphis neighborhood. Here is today’s list of the best values for Dison Peterson apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Marine Residence2 Bedroom2BR,2BA$1.12
Belvedere Place2x1A2BR,1BA$1.23
Ruby Oaks Apartments2 Beds, 2 baths2BR,2BA$0.95
Goodbar Townhomes2BR/1.0BA2BR,1BA$1.04
Crescent Bluff22A602BR,2BA$1.40
1154 Wilson StOne Bed One Bath1BR,1BA$0.87
Longview Gardens2 Bedroom2BR,1BA$0.71
Longview Heights2 Bed / 1 Bath2BR,1BA$0.78
Willie Mitchell Apartments2 Bed 1 Bath2BR,1BA$1.02
Melrose Court Apartments1 Bed, 1 bath1BR,1BA$1.16

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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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College Life in Memphis: Affordable Neighborhoods Where Students Rent and Thrive

Where do Memphis students actually live? Our local expert reveals the best affordable neighborhoods to rent near U of M, Rhodes, and CBU. Get local tips & save on rent!

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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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Pet Friendly Lifestyle
Dison Peterson, Memphis, TN

Ranked #50

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Dison Peterson Apartments

What is a cheap apartment in Dison Peterson?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Dison Peterson is under $950.

What is the price of a cheap apartment in Dison Peterson?

The cheapest apartment in Dison Peterson is Melrose Court Apartments which is listed at $695, while the average apartment in Dison Peterson costs $2,225.

What types of apartments are the cheapest in Dison Peterson?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 125 regular apartments in Dison Peterson that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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

Written by: Lauren Harrington

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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

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