Cheap Apartments for Rent in the Dison Peterson Neighborhood of Memphis, TN from $400 (31 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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Manor Park Apartments
1 to 3 Bedroom Apartments

Manor Park Apartments

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

Washington Manor

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

Crescent Bluff

25 E Virginia AveMemphis, TN 38106
  • Utilities Included

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.

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760 Richmond Ave
1 to 2 Bedroom Apartments

760 Richmond Ave

760 Richmond AveMemphis, TN 38106
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Lyons Ridge Apartments
1 to 2 Bedroom Apartments

Lyons Ridge Apartments

1633 Pennsylvania StMemphis, TN 38109
Senior Living
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Cane Creek Apartments
3 to 4 Bedroom Apartments

Cane Creek Apartments

1528 Ragan StMemphis, TN 38106
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Showing Results 1-31, Page 1 of 1

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 $495. Longview Heights has the second lowest priced unit, which is a 2 Beds apartment currently listed from $601. Here are the most affordable Dison Peterson apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Longview Gardens2 Bedroom2BR,1BA$495
Longview Heights2 Bed / 1 Bath2BR,1BA$601
Willie Mitchell Apartments2 Bed 1 Bath2BR,1BA$650
Melrose Court Apartments1 Bed, 1 bath1BR,1BA$695
1154 Wilson St1 Bed, 1 bath1BR,1BA$699
Crescent Bluff11A501BR,1BA$784
The Bonsai at Central GardensStudio without Washer/DryerStudio,1BA$849
Ruby Oaks Apartments2 Beds, 1 bath2BR,1BA$865
Central GardensTwo Bedroom One Bath2BR,1BA$975
Goodbar Townhomes2BR/1.0BA2BR,1BA$995

Best Value Apartments for Rent in Dison Peterson, TN

As of January 25, 2026 the best value apartment in the Dison Peterson area is the $1.31 price per square foot 2 Bedroom Model at The Marine Residence in the in the South Memphis neighborhood starting from $1,798. 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$1.31
Belvedere Place2x1A2BR,1BA$1.23
Ruby Oaks Apartments2 Beds, 2 baths2BR,2BA$0.95
Goodbar Townhomes2BR/1.0BA2BR,1BA$1.09
Central GardensTwo Bedroom One Bath2BR,1BA$1.12
1154 Wilson St1 Bed, 1 bath1BR,1BA$0.87
Longview Gardens2 Bedroom2BR,1BA$0.63
Longview Heights2 Bed / 1 Bath2BR,1BA$0.76
Willie Mitchell Apartments2 Bed 1 Bath2BR,1BA$1.02
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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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 #41

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 $995.

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 $2,100.

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 146 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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Affordable Memphis: The Best Lower Priced Neighborhoods with Character

Written by: Joshua Carlucci

I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

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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.