
Cheap Homes for Rent in Forest Hill Neighborhood of Memphis, TN from $1,400 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Forest Hill area of Memphis.


1978 Auburn Tree Cove
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.

5629 Bartlett Grove Rd

1838 Quail Park Cir, Unit 1838
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

How much does it cost to rent a home in Forest Hill?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Forest Hill 3 Bedroom Homes for Rent | $1,553 | $1,485 | $1,600 |
Forest Hill 4 Bedroom Homes for Rent | $1,920 | $1,920 | $1,920 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Forest Hill Neighborhood of Memphis, TN.
Explore Memphis
Forest Hill, Memphis, TN Local Guide
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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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Stella Apartments | Magellan - 2 Bed, 2 Bath | 2BR,2BA | $1.12 |
The Glen Townhomes | 2 BD | 2BR,1.5BA | $1.02 |
Abington | 2 Bed / 2 Bath – Spacious Townhome | 2BR,1.5BA | $0.89 |
The Meadows Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.28 |
Highland Chateau | 1 Bed / 1 Bath - Comfort Option | 1BR,1BA | $1.16 |
Greenbrook at Shelby Farms | Magnolia | 1BR,1BA | $1.17 |
Deerfield Apartments | 1.1 | 1BR,1BA | $1.13 |
Brentwood Apartments | 1x1 | 1BR,1BA | $1.29 |
Canterbury Woods Apartments | 1 Bed/1 Bath | 1BR,1BA | $1.26 |
Summer Trace Apartments | The Ayers | 1BR,1BA | $1.33 |
Quick Rent Budget Calculator
How much rent can you afford?
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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.

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.

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.

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.

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.