Cheap Apartments for Rent in the Forest Hill Neighborhood of Memphis, TN from $600 (26 Rentals)

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

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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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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4455 Macon Rd
1 to 2 Bedroom Apartments

4455 Macon Rd

4455 Macon RdMemphis, TN 38122
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X - Gramercy Park
1 to 2 Bedroom Apartments

X - Gramercy Park

2163 Nathaniel Cir WMemphis, TN 38134
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Bartlett Crossing
1 to 2 Bedroom Apartments

Bartlett Crossing

5760 S Silvercreek DrMemphis, TN 38134

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Forest Hill, Memphis, TN Local Guide

Cheapest Available Forest Hill Apartments for Rent

 

The cheapest available apartment rental in the Forest Hill area of Memphis, TN is a Studio unit found at Elite Living Residence priced from $650. Summer Trace Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $710. Here are the most affordable Forest Hill apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Elite Living ResidenceStudioStudio,1BA$650
Summer Trace ApartmentsThe Bonelli2BR,1BA$710
Oak Grove FlatsStudioStudio,1BA$745
The Meridian Apartments1 Bed 1 Bath1BR,1BA$750
Courtyard @ Waring Park2x1 (700)2BR,1BA$775
Sycamore Lake1 Bed 1 Bath1BR,1BA$842
Avery Park Apartments2X12BR,1BA$845
Greenbrook at Shelby FarmsSycamore1BR,1BA$846
The Stella ApartmentsColumbus - 1 Bed, 1 Bath1BR,1BA$850
Deerfield Apartments1.11BR,1BA$850

Best Value Apartments for Rent in Forest Hill, TN

As of July 21, 2025 the best value apartment in the Forest Hill area is the $0.85 price per square foot 4 Bed, 3 Bath Model at Sunridge Townhomes in the in the Raleigh neighborhood starting from $1,795. The second greatest value Forest Hill apartment is the 3 Bed 2 Bath Model at The Meridian Apartments starting at $1,095 with a $0.91 price per square foot in the Raleigh neighborhood. Here is today’s list of the best values for Forest Hill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sunridge Townhomes4 Bed, 3 Bath4BR,3BA$0.85
The Meridian Apartments3 Bed 2 Bath3BR,2BA$0.91
Brentwood Apartments2x22BR,2BA$1.03
The Glen Townhomes2 BD2BR,1.5BA$1.02
Greenbrook at Shelby FarmsWillow2BR,1.5BA$1.13
The Stella ApartmentsColumbus - 1 Bed, 1 Bath1BR,1BA$1.04
Avery Park Apartments2X12BR,1BA$1.10
Deerfield Apartments1.11BR,1BA$1.13
Sycamore Lake1 Bed 1 Bath1BR,1BA$1.11
Courtyard @ Waring Park2x1 (700)2BR,1BA$1.11

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
Forest Hill, Memphis, TN

Ranked #40

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com compiles millions of data points to bring you comprehensive Lifestyle Ratings of neighborhoods, cities, and rental properties across Tennessee including Forest Hill, Memphis, and the greater Memphis area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, pet-friendly features, multifamily communities for the kids, proximity to transit, and more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Forest Hill Apartments

What is the Cheapest Studio apartment in Forest Hill?

Currently the most affordable Cheap Studio Apartment in Forest Hill is at Elite Living Residence listed at $650.

How much is rent for a Cheap One Bedroom Forest Hill Apartment?

The lowest price for a Cheap One Bedroom Forest Hill Apartment is $735 at Summer Trace Apartments.

What is the lowest price for a Cheap Two Bedroom Forest Hill Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Forest Hill is starting from $710 at Summer Trace Apartments.

What is the most affordable Forest Hill Three Bedroom Apartment?

The best deal on a cheap Forest Hill Three Bedroom Apartment rental is at Summer Trace Apartments and starts from $975.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.