Cheap Homes for Rent in the Lakeland Neighborhood of Memphis, TN from $1,570 (18 Rentals)

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

property at 2777 Virginia Woods Pl
$1,595

Total Monthly Price

Base Rent$1,595

Total Monthly Price$1,595
3 Bedroom, 2 Bath Home for Rent
Available Now

2777 Virginia Woods Pl

ArlingtonTN38002
property at 9281 Fletcher Trace Pkwy
$1,750

Total Monthly Price

Base Rent$1,750

Total Monthly Price$1,750
2 Bedroom, 2 Bath Home for Rent
Available Now

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Cheapest Available Lakeland Homes for Rent

 

The cheapest available rental home in the Lakeland area of Memphis, TN is a 3 Beds home found at 2777 Virginia Woods Pl priced from $1,595. 9441 Club Walk Ct has the second lowest priced home, which is a 3 Beds rental home currently listed from $1,770. Here are the most affordable Lakeland homes for rent in Memphis, TN:

Home ListingModel NameBed/BathPriced From
2777 Virginia Woods Pl2777 Virginia Woods Pl3BR, 2BA$1,595
9441 Club Walk Ct9441 Club Walk Ct3BR, 2BA$1,770
3079 Barley Mills Cir3079 Barley Mills Cir3BR, 3BA$1,800
5432 Milton Ridge Dr5432 Milton Ridge Dr3BR, 2BA$1,925

Best Value Homes for Rent in Lakeland, TN

As of September 23, 2026 the best value rental home in the Lakeland area is the $0.85 price per square foot 2804 Davies Plantation Rd Model at 2804 Davies Plantation Rd in the Cordova neighborhood starting from $2,385. The second greatest value Lakeland rental home is the 5036 Devan Woods Cove Model at 5036 Devan Woods Cove in the Brownsville neighborhood starting at $2,556 with a $0.95 price per square foot. Here is today’s list of the best values for Lakeland homes based on price per square foot:

Home ListingModel NameBed/BathPrice Per Sq.Ft.
2804 Davies Plantation Rd2804 Davies Plantation Rd4BR, 3BA$0.85
5036 Devan Woods Cove5036 Devan Woods Cove3BR, 2BA$0.95
5116 Summer Mist Cove5116 Summer Mist Cove4BR, 3BA$1.01
5540 Mary Ln5540 Mary Ln4BR, 2.5BA$1.02
5432 Milton Ridge Dr5432 Milton Ridge Dr3BR, 2BA$0.88
2963 Woodland Elm Cove S2963 Woodland Elm Cove S4BR, 2.5BA$1.08
8994 Fletcher Park Cir N8994 Fletcher Park Cir N4BR, 2.5BA$1.04
5061 Thornebrook Cove5061 Thornebrook Cove4BR, 2BA$1.04
3101 Rising Sun Rd3101 Rising Sun Rd4BR, 2.5BA$0.85
9441 Club Walk Ct9441 Club Walk Ct3BR, 2BA$1.13

Frequently Asked Questions about Lakeland

What type of rentals are currently available in Lakeland?

There are currently 22 Apartments for Rent in Lakeland, TN with pricing that ranges from $1,000 to $2,950. There are also 64 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeland ranging from $1,585 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 $1,585 to $4,000 with an average monthly rent of $2,197.

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 $1,350 to $2,950, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,585 to $2,900. Four Bedroom Single-Family rentals are also available starting from $1,725 and Four Bedroom Apartments start at $2,850.

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.

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