
Cheap Apartments for Rent in the Forest Hill Neighborhood of Memphis, TN from $600 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Forest Hill area of Memphis.


Avery Park Apartments

Summer Trace Apartments

Courtyard @ Waring Park

Edgewater Apartments
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Greenbrook at Shelby Farms

Sycamore Lake

The Canopy 2200

The Stella Apartments

Brentwood Apartments
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.

Deerfield Apartments

The Meridian Apartments

Canterbury Woods Apartments

Arbors of Century Center

Mendenhall Gardens

The Glen Townhomes
Affordable Memphis: The Best Neighborhoods with Character and Lower Rents
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Forest Hill, Memphis, TN Local Guide

How much does it cost to rent an apartment in Forest Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Forest Hill Studio Apartments | $1,236 | $650 | $1,888 |
| Forest Hill 1 Bedroom Apartments | $1,168 | $745 | $1,870 |
| Forest Hill 2 Bedroom Apartments | $1,322 | $667 | $2,195 |
| Forest Hill 3 Bedroom Apartments | $1,557 | $945 | $2,620 |
| Forest Hill 4 Bedroom Apartments | $1,795 | $1,795 | $1,795 |
Browse Apartments in this Neighborhood
There are currently 20 rentals with your search options within a 2 mile radius of the Forest Hill Neighborhood of Memphis, TN.
See all Apartments in MemphisExplore Memphis
Forest Hill, Memphis, TN Local Guide
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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. Oak Grove Flats has the second lowest priced unit, which is a 2 Beds apartment currently listed from $667. Here are the most affordable Forest Hill apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Elite Living Residence | Studio | Studio,1BA | $650 |
| Oak Grove Flats | 2BR | 2BR,1BA | $667 |
| Summer Trace Apartments | The Bonelli | 2BR,1BA | $760 |
| Greenbrook at Shelby Farms | Sycamore | 1BR,1BA | $803 |
| Avery Park Apartments | 2X1 | 2BR,1BA | $845 |
Best Value Apartments for Rent in Forest Hill, TN
As of October 28, 2025 the best value apartment in the Forest Hill area is the $1.10 price per square foot Magellan - 2 Bed, 2 Bath Model at The Stella Apartments in the in the East Memphis neighborhood starting from $1,150. The second greatest value Forest Hill apartment is the 2br 1.5ba Model at Village of Sycamore Ridge starting at $995 with a $0.99 price per square foot in the East Memphis neighborhood. Here is today’s list of the best values for Forest Hill apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Stella Apartments | Magellan - 2 Bed, 2 Bath | 2BR,2BA | $1.10 |
| Village of Sycamore Ridge | 2br 1.5ba | 2BR,1.5BA | $0.99 |
| Sycamore Lake | 2 Bed 1.5 Bath | 2BR,1BA | $1.02 |
| Courtyard @ Waring Park | 2X1 (900) | 2BR,1BA | $0.99 |
| Macon Manor | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.15 |
| Oak Grove Flats | 2BR | 2BR,1BA | $0.78 |
| The Summereast | B2 | 2BR,1.5BA | $1.22 |
| Avery Park Apartments | 2X1 | 2BR,1BA | $1.10 |
| Greenbrook at Shelby Farms | Sycamore | 1BR,1BA | $1.06 |
| Deerfield Apartments | 1.1 | 1BR,1BA | $1.13 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleQuick 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.
Pet Friendly LifestyleForest Hill, Memphis, TN
Ranked #41
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
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 a cheap apartment in Forest Hill?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Forest Hill is under $895.
What is the price of a cheap apartment in Forest Hill?
The cheapest apartment in Forest Hill is Summer Trace Apartments which is listed at $775, while the average apartment in Forest Hill costs $1,795.
What types of apartments are the cheapest in Forest Hill?
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 8 regular apartments in Forest Hill 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 Forest Hill?
Cheap apartments in Forest Hill have an average cost of $176 which is $1,619 cheaper than the average rent for all rentals in Forest Hill.
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.

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.



