Cheap Homes for Rent in Lakeland Neighborhood of Memphis, TN from $1,300 (17 Rentals)

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Search the lowest-cost Homes available for rent right now in the Lakeland area of Memphis.

property at 9703 Java Cove

9703 Java Cove

ArlingtonTN38002

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.

Read Article

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.

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property at 9598 Daly Dr

9598 Daly Dr

LakelandTN38002

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Showing Results 1-17, Page 1 of 1

Lakeland, Memphis, TN Local Guide

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 $1,040. The Landings at Houston Levee has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,063. Here are the most affordable Lakeland apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Stonebridge Crossing ApartmentsAvalon w/Sunroom1BR,1BA$1,040
The Landings at Houston LeveeThe Cordelle - 1x11BR,1BA$1,063
Somerset at LakelandB22BR,2BA$1,299
Springs at ColonialStudio Haven SummitStudio,1BA$1,331
Preserve at BartlettA21BR,1BA$1,346

Best Value Apartments for Rent in Lakeland, TN

As of May 28, 2025 the best value apartment in the Lakeland area is the $1.31 price per square foot Ramey Model at The Charleston in the in the Eads-Fisherville neighborhood starting from $1,751. The second greatest value Lakeland apartment is the B3 Model at Hall Creek starting at $2,030 with a $1.75 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The CharlestonRamey3BR,2BA$1.31
Hall CreekB32BR,2BA$1.75
The Landings at Houston LeveeThe Delta - 2x22BR,2BA$1.24
Stonebridge Crossing ApartmentsChateau3BR,2BA$1.43
Somerset at LakelandB12BR,2BA$1.16
Preserve at BartlettA21BR,1BA$1.83
Lakeland Town SquareA1 Phase II1BR,1BA$2.16
Springs at ColonialStudio Grand CourtyardStudio ,1BA$2.43

Quick Rent Budget Calculator

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Frequently Asked Questions about Lakeland

What type of rentals are currently available in Lakeland?

There are currently 12 Apartments for Rent in Lakeland, TN with pricing that ranges from $1,040 to $7,224. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeland ranging from $1,350 to $4,000.

What is the current price range for Rental Homes in Lakeland?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lakeland ranges from $1,350 to $4,000 with an average monthly rent of $2,378.

How much are larger Three and Four Bedroom Rentals in Lakeland?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lakeland range from $1,557 to $7,224, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,485 to $2,590. Four Bedroom Single-Family rentals are also available starting from $2,345 and Four Bedroom Apartments start at $2,075.

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

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.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

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.