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$949 - $1,9811 to 3 Bedroom Apartments Available Now
Somerset at Lakeland
2918 Champions DrArlington, TN 38002
Cheap Apartments for Rent in the Lakeland Neighborhood of Memphis, TN from $900 (6 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lakeland area of Memphis.
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Rent Specials
$1,280 - $5,4721 to 2 Bedroom Apartments Available Now
Lakeland Town Square
4815 Market Green PlzLakeland, TN 38002
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$1,140 - $8,0521 to 3 Bedroom Apartments Available Now
Preserve at Bartlett
8840 Bristol Park DrBartlett, TN 38133
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.
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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.
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Lakeland, Memphis, TN Local Guide
How much does it cost to rent an apartment in Lakeland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakeland Studio Apartments | $1,289 | $1,234 | $1,384 |
| Lakeland 1 Bedroom Apartments | $1,516 | $947 | $3,805 |
| Lakeland 2 Bedroom Apartments | $1,883 | $1,134 | $5,942 |
| Lakeland 3 Bedroom Apartments | $2,514 | $1,430 | $8,052 |
Browse Apartments in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Lakeland Neighborhood of Memphis, TN.
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Lakeland, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
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Cheapest Available Lakeland Apartments for Rent
The cheapest available apartment rental in the Lakeland area of Memphis, TN is a 1 Bed unit found at Stonebridge Crossing Apartments priced from $947. Somerset at Lakeland has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,130. Here are the most affordable Lakeland apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stonebridge Crossing Apartments | Avalon w/Sunroom | 1BR,1BA | $947 |
| Somerset at Lakeland | B2 | 2BR,2BA | $1,130 |
| Springs at Colonial | Studio Haven Summit | Studio,1BA | $1,234 |
Best Value Apartments for Rent in Lakeland, TN
As of July 24, 2025 the best value apartment in the Lakeland area is the $1.74 price per square foot C1 Model at Hall Creek in the in the Lakeland Arlington neighborhood starting from $2,354. The second greatest value Lakeland apartment is the Ramey Model at The Charleston starting at $1,700 with a $1.27 price per square foot in the Eads-Fisherville neighborhood. Here is today’s list of the best values for Lakeland apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Hall Creek | C1 | 3BR,2BA | $1.74 |
| The Charleston | Ramey | 3BR,2BA | $1.27 |
| Somerset at Lakeland | B3 | 2BR,2BA | $1.04 |
| Preserve at Bartlett | B2R | 2BR,2BA | $1.72 |
| Stonebridge Crossing Apartments | Beaumont | 2BR,2BA | $1.26 |
| Lakeland Town Square | A1 Phase II | 1BR,1BA | $2.16 |
| Springs at Colonial | Studio Grand Courtyard | Studio ,1BA | $2.21 |
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Pet Friendly LifestyleLakeland, Memphis, TN
Ranked #53
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Getting Around the Lakeland Neighborhood in Memphis, TN
Walk Score®
22 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
28 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
1 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Lakeland Apartments
What is the Cheapest Studio apartment in Lakeland?
Currently the most affordable Cheap Studio Apartment in Lakeland is at Springs at Colonial listed at $1,234.
How much is rent for a Cheap One Bedroom Lakeland Apartment?
The lowest price for a Cheap One Bedroom Lakeland Apartment is $947 at Stonebridge Crossing Apartments.
What is the lowest price for a Cheap Two Bedroom Lakeland Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lakeland is starting from $1,130 at Somerset at Lakeland.
What is the most affordable Lakeland Three Bedroom Apartment?
The best deal on a cheap Lakeland Three Bedroom Apartment rental is at Stonebridge Crossing Apartments and starts from $1,430.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
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.