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$1,091 - $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
$1,359 - $3,0011 to 3 Bedroom Apartments Available Now
Lakeland Town Square
4815 Market Green PlzLakeland, TN 38002
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$1,266 - $6,458
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,251 - $6,443
Required Monthly Fees
$15
Total Monthly Price
$1,266 - $6,458
Preserve at Bartlett
8840 Bristol Park DrBartlett, TN 38133
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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1 to 3 Bedroom Apartments
Hall Creek
11926 Ambassador Ln SArlington, TN 38002
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1 to 3 Bedroom Apartments
Lakeland Town Square Phase II
4815 Market Green Pl WLakeland, TN 38002
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Studio to 2 Bedroom Apartments
The Willows at The Lake District
3536 Canada RdLakeland, TN 38002
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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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 | $1,184 | $1,119 | $1,299 |
| Lakeland 1 Bedroom Apartments | $1,406 | $960 | $1,936 |
| Lakeland 2 Bedroom Apartments | $1,685 | $1,120 | $2,400 |
| Lakeland 3 Bedroom Apartments | $1,896 | $1,370 | $3,000 |
| Lakeland 4 Bedroom Apartments | $2,650 | $2,650 | $2,650 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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 $960. Somerset at Lakeland has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,091. Here are the most affordable Lakeland apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stonebridge Crossing Apartments | Avalon | 1BR,1BA | $960 |
| Somerset at Lakeland | A1 | 1BR,1BA | $1,091 |
| Springs at Colonial | Studio Haven Overlook | Studio,1BA | $1,119 |
Best Value Apartments for Rent in Lakeland, TN
As of January 30, 2026 the best value apartment in the Lakeland area is the $1.26 price per square foot Beaumont Model at The Charleston in the in the Eads-Fisherville neighborhood starting from $1,179. The second greatest value Lakeland apartment is the Beaumont Model at Stonebridge Crossing Apartments starting at $1,120 with a $1.24 price per square foot in the Lakeland Arlington 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. |
|---|---|---|---|
| The Charleston | Beaumont | 1BR,1BA | $1.26 |
| Stonebridge Crossing Apartments | Beaumont | 2BR,2BA | $1.24 |
| Somerset at Lakeland | A1 | 1BR,1BA | $1.38 |
| Preserve at Bartlett | A3 | 1BR,1BA | $1.76 |
| Hall Creek | A1 | 1BR,1BA | $2.05 |
| Lakeland Town Square | A1 Phase II | 1BR,1BA | $2.28 |
| Springs at Colonial | Studio Grand Courtyard | Studio ,1BA | $2.32 |
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 $1,119.
How much is rent for a Cheap One Bedroom Lakeland Apartment?
The lowest price for a Cheap One Bedroom Lakeland Apartment is $960 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 $1,120 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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
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.