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Cheap Homes for Rent in Forest Hill Neighborhood of Memphis, TN from $1,200 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Forest Hill area of Memphis.
5528 Ginners Dr
MemphisTN38134
5532 Ginners Dr
MemphisTN38134
5124 Blueridge Dr
MemphisTN38134
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.
6350 Limewood Ave
MemphisTN38134
6350 Limewood Ave
MemphisTN38134
5326 Blue Ridge Pkwy
MemphisTN38134
5326 Blue Ridge Pkwy
MemphisTN38134
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.
1838 Quail Park Cir
MemphisTN38134
Showing Results 1-9, Page 1 of 1
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 2 Bedroom Homes for Rent | $1,250 | $1,250 | $1,250 |
| Forest Hill 3 Bedroom Homes for Rent | $1,517 | $1,255 | $1,599 |
| Forest Hill 4 Bedroom Homes for Rent | $1,755 | $1,595 | $1,850 |
Browse Homes for Rent in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Forest Hill Neighborhood of Memphis, TN.
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Forest Hill, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
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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 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 $720. Here are the most affordable Forest Hill apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Oak Grove Flats | 2BR | 2BR,1BA | $667 |
| Summer Trace Apartments | The Ayers | 1BR,1BA | $720 |
| Greenbrook at Shelby Farms | Sycamore | 1BR,1BA | $745 |
Best Value Apartments for Rent in Forest Hill, TN
As of December 30, 2025 the best value apartment in the Forest Hill area is the $0.78 price per square foot 3 Bed 2.5 Bath Model at Sunridge Townhomes in the in the Raleigh neighborhood starting from $1,395. The second greatest value Forest Hill apartment is the 2brTH 1.5ba Model at Village of Sycamore Ridge starting at $1,045 with a $0.84 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. |
|---|---|---|---|
| Sunridge Townhomes | 3 Bed 2.5 Bath | 3BR,2.5BA | $0.78 |
| Village of Sycamore Ridge | 2brTH 1.5ba | 2BR,1.5BA | $0.84 |
| The Meridian Apartments | 3 Bed 2 Bath | 3BR,2BA | $0.96 |
| The Stella Apartments | Magellan - 2 Bed, 2 Bath | 2BR,2BA | $1.08 |
| Oak Grove Flats | 3BR | 3BR,1.5BA | $0.94 |
| The Summereast | B3 | 2BR,2BA | $1.11 |
| Macon Manor | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.15 |
| Greenbrook at Shelby Farms | Sycamore | 1BR,1BA | $0.99 |
| Sycamore Lake | 1 Bed 1 Bath | 1BR,1BA | $1.02 |
| Summer Trace Apartments | The Ayers | 1BR,1BA | $1.20 |
College Life in Memphis: Affordable Neighborhoods Where Students Rent and Thrive
Where do Memphis students actually live? Our local expert reveals the best affordable neighborhoods to rent near U of M, Rhodes, and CBU. Get local tips & save on rent!
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Don'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
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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.
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Pet Friendly LifestyleForest Hill, Memphis, TN
Ranked #42
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Forest Hill
What type of rentals are currently available in Forest Hill?
There are currently 52 Apartments for Rent in Forest Hill, TN with pricing that ranges from $667 to $2,510. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in Forest Hill ranging from $1,250 to $1,850.
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 $1,250 to $1,850 with an average monthly rent of $1,507.
How much are larger Three and Four Bedroom Rentals in Forest Hill?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Forest Hill range from $935 to $2,510, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,255 to $1,599. Four Bedroom Single-Family rentals are also available starting from $1,595 and Four Bedroom Apartments start at $1,745.
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.
Articles, How-To's, and Tips
Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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.