Cheap Homes for Rent in Dison Peterson Neighborhood of Memphis, TN from $500 (28 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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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 $576. Longview Heights has the second lowest priced unit, which is a 2 Beds apartment currently listed from $643. Here are the most affordable Dison Peterson apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Longview Gardens2 Bedroom2BR,1BA$576
Longview Heights2 Bed / 1 Bath2BR,1BA$643
Melrose Court Apartments1 Bed, 1 bath1BR,1BA$695
1154 Wilson St1 Bed, 1 bath1BR,1BA$699
Willie Mitchell Apartments2 Bed 1 Bath2BR,1BA$700
Manor Park Apartments1 Bed / 1 Bath1BR,1BA$700
Central GardensStudio One Bath1BR,1BA$775
Crescent Bluff11A501BR,1BA$784
Ruby Oaks Apartments2 Beds, 1 bath2BR,1BA$865
Bonsai at Central GardensStudio- without Washer/DryerStudio,1BA$949

Best Value Apartments for Rent in Dison Peterson, TN

As of October 26, 2025 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 $1,250 with a $1.28 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$1.28
Ruby Oaks Apartments2 Beds, 2 baths2BR,2BA$0.95
Goodbar Townhomes2BR/1.0BA2BR,1BA$1.09
1154 Wilson St1 Bed, 1 bath1BR,1BA$0.87
Longview Gardens2 Bedroom2BR,1BA$0.73
Longview Heights2 Bed / 1 Bath2BR,1BA$0.82
Willie Mitchell Apartments2 Bed 1 Bath2BR,1BA$1.10
Manor Park Apartments1 Bed / 1 Bath1BR,1BA$1.12
Melrose Court Apartments1 Bed, 1 bath1BR,1BA$1.16

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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

2.5
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 209 Apartments for Rent in Dison Peterson, TN with pricing that ranges from $590 to $2,885. There are also 93 Single Family Homes for rent, Condos, and Townhome rentals currently available in Dison Peterson ranging from $550 to $5,000.

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 $5,000 with an average monthly rent of $1,382.

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 $995 to $1,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $875 to $3,350. Four Bedroom Single-Family rentals are also available starting from $984 and Four Bedroom Apartments start at $2,100.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.