Cheap Homes for Rent in the Dison Peterson Neighborhood of Memphis, TN from $500 (21 Rentals)

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

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The Local Memphis Expert's Guide to Renting Near the City's Top Employers

Memphis apartment guide from a local expert, breaking down neighborhoods, average rent, and ideal commute times near the 5 largest employers - FedEx, St. Jude, U of M, Methodist, and AutoZone.

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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 $558. Longview Heights has the second lowest priced unit, which is a 2 Beds apartment currently listed from $608. Here are the most affordable Dison Peterson apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Longview Gardens2 Bedroom2BR,1BA$558
Longview Heights2 Bed / 1 Bath2BR,1BA$608
2309 Warren St1 Beds, 1 Baths1BR,1BA$650
Melrose Court Apartments1 Bed, 1 bath1BR,1BA$695
487 Williams Ave2 Beds, 1 Baths2BR,1BA$750

Best Value Apartments for Rent in Dison Peterson, TN

As of July 26, 2026 the best value apartment in the Dison Peterson area is the $1.05 price per square foot 2 Bedroom Model at The Marine Residence in the in the South Memphis neighborhood starting from $1,598. 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$1.05
285 Lucy Ave2 Beds, 1 Baths2BR,1BA$0.83
Belvedere Place2x1A2BR,1BA$1.23
Ruby Oaks Apartments2 Beds, 2 baths2BR,2BA$0.95
Goodbar Townhomes2BR/1.0BA2BR,1BA$1.04
1011 S Willett St, Unit #31011 S Willett St1BR,1BA$0.88
Longview Gardens2 Bedroom2BR,1BA$0.71
Longview Heights2 Bed / 1 Bath2BR,1BA$0.77
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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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 #47

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 Dison Peterson

What type of rentals are currently available in Dison Peterson?

There are currently 220 Apartments for Rent in Dison Peterson, TN with pricing that ranges from $495 to $2,256. There are also 72 Single Family Homes for rent, Condos, and Townhome rentals currently available in Dison Peterson ranging from $550 to $4,900.

What is the current price range for Rental Homes in Dison Peterson?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Dison Peterson ranges from $550 to $4,900 with an average monthly rent of $1,393.

How much are larger Three and Four Bedroom Rentals in Dison Peterson?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Dison Peterson range from $825 to $1,150, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $3,500. Four Bedroom Single-Family rentals are also available starting from $895 and Four Bedroom Apartments start at $1,095.

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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