Cheap Apartments for Rent in the Dison Peterson Neighborhood of Memphis, TN from $400 (60 Rentals)

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

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2309 Warren St
1 Bedroom Apartments

2309 Warren St

2309 Warren StMemphis, TN 38106
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1154 Wilson St
1 Bedroom Apartments

1154 Wilson St

1154 Wilson StMemphis, TN 38106
  • Utilities Included
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Manor Park Apartments
1 to 3 Bedroom Apartments

Manor Park Apartments

1500 Parkway View CirMemphis, TN 38106
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Washington Manor
1 to 3 Bedroom Apartments

Washington Manor

1920 Florida StMemphis, TN 38109
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Crescent Bluff
1 to 3 Bedroom Apartments

Crescent Bluff

25 E Virginia AveMemphis, TN 38106
  • Utilities Included

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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Crescent Bluff II
1 to 2 Bedroom Apartments

Crescent Bluff II

10 E Virginia AveMemphis, TN 38106
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487 Williams Ave
2 Bedroom Apartments

487 Williams Ave

487 Williams AveMemphis, TN 38126

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

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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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 $552. Longview Heights has the second lowest priced unit, which is a 2 Beds apartment currently listed from $619. Here are the most affordable Dison Peterson apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Longview Gardens2 Bedroom2BR,1BA$552
Longview Heights2 Bed / 1 Bath2BR,1BA$619
2309 Warren St1 Beds, 1 Baths1BR,1BA$650
Melrose Court Apartments1 Bed, 1 bath1BR,1BA$695
Central GardensStudio One Bath1BR,1BA$775
Crescent Bluff11A501BR,1BA$784
487 Williams Ave2 Beds, 1 Baths2BR,1BA$795
The Bonsai at Central GardensStudio without Washer/DryerStudio,1BA$849
Ruby Oaks Apartments2 Beds, 1 bath2BR,1BA$865

Best Value Apartments for Rent in Dison Peterson, TN

As of June 10, 2026 the best value apartment in the Dison Peterson area is the $0.99 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 2 Beds, 1 Baths Model at 285 Lucy Ave starting at $1,000 with a $0.83 price per square foot in the South 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$0.99
285 Lucy Ave2 Beds, 1 Baths2BR,1BA$0.83
Belvedere Place2x1A2BR,1BA$1.23
Ruby Oaks Apartments2 Beds, 2 baths2BR,2BA$0.95
Woodland Apartments2BR/1.0BA2BR,1BA$1.04
1011 S Willett St, Unit #31011 S Willett St1BR,1BA$0.88
Longview Gardens2 Bedroom2BR,1BA$0.70
Longview Heights2 Bed / 1 Bath2BR,1BA$0.79
2309 Warren St1 Beds, 1 Baths1BR,1BA$1.06
Melrose Court Apartments1 Bed, 1 bath1BR,1BA$1.16

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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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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Pet Friendly Lifestyle
Dison Peterson, Memphis, TN

Ranked #48

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

Pet Friendliness Lifestyle Score

3.0
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 $865.

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

The cheapest apartment in Dison Peterson is 2309 Warren St which is listed at $650, while the average apartment in Dison Peterson costs $1,622.

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 23 regular apartments in Dison Peterson that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Dison Peterson?

Cheap apartments in Dison Peterson have an average cost of $749 which is $873 cheaper than the average rent for all rentals in Dison Peterson.

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.

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