9532 Chi Chi Cove
LakelandTN38002
Cheap Homes for Rent in Lakeland Neighborhood of Memphis, TN from $1,700 (14 Rentals)
Search the lowest-cost Homes available for rent right now in the Lakeland area of Memphis.
9347 Garden Woods Dr
MemphisTN38016
10242 Evening Hill Dr
MemphisTN38016
10000 Houston Birch Dr
MemphisTN38016
10188 Evening Hill Dr
MemphisTN38016
9568 Morning Shadow Dr
MemphisTN38016
9309 Garden Woods Cove
MemphisTN38016
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.
2795 Lanthorn Dr
MemphisTN38016
8915 Lanthorn Cove
MemphisTN38016
8023 Jills Creek Dr
BartlettTN38133
9992 Cameron Ridge TR
MemphisTN38016
11168 Arlington Trace Dr
ArlingtonTN38002
9775 Misty Bay Cove
ArlingtonTN38002
9143 Gainsborough Dr
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 1-14, 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 | $1,987 | $1,735 | $2,425 |
| Lakeland 4 Bedroom Homes for Rent | $2,677 | $2,010 | $3,800 |
| Lakeland 5 Bedroom Homes for Rent | $2,452 | $2,395 | $2,510 |
Browse Homes for Rent in this Neighborhood
There are currently 14 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 |
| Somerset at Lakeland | A1 | 1BR,1BA | $1,190 |
| The Charleston | Beaumont | 1BR,1BA | $1,242 |
Best Value Apartments for Rent in Lakeland, TN
As of May 08, 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 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 $1,017 to $2,690. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeland ranging from $1,735 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 $1,735 to $3,800 with an average monthly rent of $2,372.
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.