8796 Chaffee Rd
ArlingtonTN38002
Cheap Homes for Rent in Lakeland Neighborhood of Memphis, TN from $1,300 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Lakeland area of Memphis.
2842 Misty Briar Cove
ArlingtonTN38002
2799 Maggie Woods Pl
ArlingtonTN38002
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.
8915 Lanthorn Cove
MemphisTN38016
10178 Morning Hill Dr
MemphisTN38016
3054 Brandon Way Ln
LakelandTN38002
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.
Showing Results 1-6, Page 1 of 1
Lakeland, Memphis, TN Local Guide
How much does it cost to rent a home in Lakeland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lakeland 3 Bedroom Homes for Rent | $2,039 | $1,395 | $2,895 |
| Lakeland 4 Bedroom Homes for Rent | $2,554 | $1,970 | $3,800 |
| Lakeland 5 Bedroom Homes for Rent | $2,665 | $2,400 | $2,900 |
Browse Homes for Rent 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 Somerset at Lakeland priced from $992. Stonebridge Crossing Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $998. Here are the most affordable Lakeland apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Somerset at Lakeland | A1 | 1BR,1BA | $992 |
| Stonebridge Crossing Apartments | Avalon w/Sunroom | 1BR,1BA | $998 |
| Springs at Colonial | Studio Haven Summit | Studio,1BA | $1,120 |
Best Value Apartments for Rent in Lakeland, TN
As of June 22, 2026 the best value apartment in the Lakeland area is the $2.05 price per square foot B2 Model at Hall Creek in the in the Lakeland Arlington neighborhood starting from $2,314. 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. |
|---|---|---|---|
| Hall Creek | B2 | 2BR,2BA | $2.05 |
| The Charleston | Beaumont | 1BR,1BA | $1.33 |
| Stonebridge Crossing Apartments | Beaumont | 2BR,2BA | $1.24 |
| Somerset at Lakeland | A2 | 1BR,1BA | $1.46 |
| Preserve at Bartlett | A2R | 1BR,1BA | $1.76 |
| Lakeland Town Square | The Bistro | 1BR,1BA | $2.36 |
| Springs at Colonial | Studio Grand Courtyard | Studio ,1BA | $2.19 |
Frequently Asked Questions about Lakeland
What type of rentals are currently available in Lakeland?
There are currently 13 Apartments for Rent in Lakeland, TN with pricing that ranges from $1,001 to $2,667. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeland ranging from $1,395 to $3,800.
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 $1,395 to $3,800 with an average monthly rent of $2,419.
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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