Cheap Apartments for Rent in the Forest Hill Neighborhood of Memphis, TN from $500 (47 Rentals)

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

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Summer Trace Apartments
Rent Specials
$745 - $1,050
Total Monthly Price

Total Monthly Price

Base Rent
$736 - $1,041
Required Monthly Fees
$9
Total Monthly Price
$745 - $1,050
1 to 3 Bedroom Apartments Available Now

Summer Trace Apartments

6015 Summer TraceMemphis, TN 38134
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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Covington Hills
$799 - $1,499
Total Monthly Price

Total Monthly Price

Base Rent
$765 - $1,465
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Covington Hills

4800 Raleigh Lagrange RdMemphis, TN 38128
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

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Highland Chateau
$880 - $1,150
Total Monthly Price

Total Monthly Price

Base Rent
$831 - $1,101
Required Monthly Fees
$49
Total Monthly Price
$880 - $1,150
1 to 3 Bedroom Apartments Available Now

Highland Chateau

5246 Raleigh Lagrange RdMemphis, TN 38134
Cost Per Sq.Ft.
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Macon Manor North
1 to 2 Bedroom Apartments

Macon Manor North

4510 Macon RdMemphis, TN 38122
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4455 Macon Rd
1 to 2 Bedroom Apartments

4455 Macon Rd

4455 Macon RdMemphis, TN 38122
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Elite Living Residence
Studio Apartments

Elite Living Residence

5225 Summer AveMemphis, TN 38122
Corporate Housing
  • Utilities Included
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Gramercy Park
1 to 2 Bedroom Apartments

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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Shelby Grove
2 Bedroom Apartments

Shelby Grove

6357 Shelby Briar DrMemphis, TN 38134

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Cedar Ridge
2 Bedroom Apartments

Cedar Ridge

6977 Amberly Village DrCordova, TN 38018
Showing Results 1-47, Page 1 of 1

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 2 Beds unit found at Oak Grove Flats priced from $667. Summer Trace Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $745. Here are the most affordable Forest Hill apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Oak Grove Flats2BR2BR,1BA$667
Summer Trace ApartmentsThe Ayers1BR,1BA$745
Courtyard @ Waring Park2 Bedroom, 1 Bathroom2BR,1BA$775
Covington HillsCVHA1r1BR,1BA$799
Greenbrook at Shelby FarmsSycamore1BR,1BA$808
The Meridian Apartments1 Bed 1 Bath1BR,1BA$825
AbingtonTown Home2BR,1BA$835
The Stella ApartmentsColumbus - 1 Bed, 1 Bath1BR,1BA$846
Mendenhall Gardens1A1BR,1BA$875
Highland ChateauA11BR,1BA$880

Best Value Apartments for Rent in Forest Hill, TN

As of April 03, 2026 the best value apartment in the Forest Hill area is the $1.08 price per square foot Magellan - 2 Bed, 2 Bath Model at The Stella Apartments in the in the East Memphis neighborhood starting from $1,125. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Stella ApartmentsMagellan - 2 Bed, 2 Bath2BR,2BA$1.08
Village of Sycamore Ridge2br 1.5ba2BR,1.5BA$0.99
Oak Grove Flats3BR3BR,1.5BA$0.94
The SummereastB32BR,2BA$1.11
AbingtonTown Home2BR,1.5BA$0.93
The Canopy 2200Two Bedroom One Bathroom Large2BR,1BA$1.13
Macon Manor2 Bedroom 1 Bathroom2BR,1BA$1.15
The Meridian Apartments1 Bed 1 Bath1BR,1BA$1.03
Mendenhall Gardens1A1BR,1BA$1.12
Courtyard @ Waring Park2 Bedroom, 1 Bathroom2BR,1BA$1.11

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Pet Friendly Lifestyle
Forest Hill, Memphis, TN

Ranked #37

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 price of a cheap apartment in Forest Hill?

The cheapest apartment in Forest Hill is Summer Trace Apartments which is listed at $745, while the average apartment in Forest Hill costs $1,609.

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 $122 which is $1,487 cheaper than the average rent for all rentals in Forest Hill.

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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