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$1,190 - $1,8861 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 $1,000 (6 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lakeland area of Memphis.
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Rent Specials
$1,443 - $3,4201 to 3 Bedroom Apartments Available Now
Lakeland Town Square
4836 Village Lot CvLakeland, TN 38002
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$1,145 - $6,7051 to 3 Bedroom Apartments Available Now
Preserve at Bartlett
8840 Bristol Park DrBartlett, TN 38133
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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1 to 2 Bedroom Apartments
Lakeland Town Square
4815 Market Green Pl WLakeland, TN 38002
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1 to 3 Bedroom Apartments
Hall Creek
11926 Ambassador Ln SArlington, TN 38002
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Studio to 2 Bedroom Apartments
The Willows at The Lake District
3536 Canada RdLakeland, TN 38002
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.
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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 | $1,191 | $1,125 | $1,270 |
| Lakeland 1 Bedroom Apartments | $1,414 | $1,017 | $1,996 |
| Lakeland 2 Bedroom Apartments | $1,696 | $1,135 | $2,175 |
| Lakeland 3 Bedroom Apartments | $1,951 | $1,370 | $2,690 |
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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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 $1,017. Springs at Colonial has the second lowest priced unit, which is a Studio apartment currently listed from $1,125. 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 | $1,017 |
| Springs at Colonial | Studio Haven Summit | Studio,1BA | $1,125 |
| Preserve at Bartlett | A3 | 1BR,1BA | $1,145 |
Best Value Apartments for Rent in Lakeland, TN
As of May 07, 2026 the best value apartment in the Lakeland area is the $1.71 price per square foot B1R Model at Preserve at Bartlett in the in the Lakeland Arlington neighborhood starting from $1,837. The second greatest value Lakeland apartment is the Beaumont Model at The Charleston starting at $1,242 with a $1.33 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. |
|---|---|---|---|
| Preserve at Bartlett | B1R | 2BR,2BA | $1.71 |
| The Charleston | Beaumont | 1BR,1BA | $1.33 |
| Hall Creek | A3 | 1BR,1BA | $2.25 |
| Stonebridge Crossing Apartments | Avalon | 1BR,1BA | $1.22 |
| Somerset at Lakeland | A1 | 1BR,1BA | $1.50 |
| Lakeland Town Square | The Bistro | 1BR,1BA | $2.28 |
| Springs at Colonial | Studio Grand Courtyard | Studio ,1BA | $2.20 |
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 $1,125.
How much is rent for a Cheap One Bedroom Lakeland Apartment?
The lowest price for a Cheap One Bedroom Lakeland Apartment is $1,017 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 $1,135 at Stonebridge Crossing Apartments.
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 $1,370.
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.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.