Cheap Homes for Rent in Forest Hill Neighborhood of Memphis, TN from $1,400 (4 Rentals)

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

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.

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.

Forest Hill, Memphis, TN Local Guide

Best Value Apartments for Rent in Forest Hill, TN

As of June 03, 2025 the best value apartment in the Forest Hill area is the $1.12 price per square foot Magellan - 2 Bed, 2 Bath Model at The Stella Apartments in the in the East Memphis neighborhood starting from $1,170. The second greatest value Forest Hill apartment is the 2 BD Model at The Glen Townhomes starting at $1,040 with a $1.02 price per square foot in the Forest Hill 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$1.12
The Glen Townhomes2 BD2BR,1.5BA$1.02
Abington2 Bed / 2 Bath – Spacious Townhome2BR,1.5BA$0.89
The Meadows Apartments1 Bedroom 1 Bathroom1BR,1BA$1.28
Highland Chateau1 Bed / 1 Bath - Comfort Option1BR,1BA$1.16
Greenbrook at Shelby FarmsMagnolia1BR,1BA$1.17
Deerfield Apartments1.11BR,1BA$1.13
Brentwood Apartments1x11BR,1BA$1.29
Canterbury Woods Apartments1 Bed/1 Bath1BR,1BA$1.26
Summer Trace ApartmentsThe Ayers1BR,1BA$1.33

Quick Rent Budget Calculator

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Frequently Asked Questions about Forest Hill

What type of rentals are currently available in Forest Hill?

There are currently 23 Apartments for Rent in Forest Hill, TN with pricing that ranges from $650 to $3,020. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in Forest Hill ranging from $1,485 to $1,920.

What is the current price range for Rental Homes in Forest Hill?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Forest Hill ranges from $1,485 to $1,920 with an average monthly rent of $1,736.

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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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.