3076 Rising Sun Rd
LakelandTN38002
Cheap Homes for Rent in Lakeland Neighborhood of Memphis, TN from $1,500 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Lakeland area of Memphis.
10106 Cameron Ridge TR
MemphisTN38016
9595 Chi Chi Ln
LakelandTN38002
10215 Morning Hill Dr
MemphisTN38016
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.
2795 Lanthorn Dr
MemphisTN38016
9714 Java Cove
ArlingtonTN38002
9309 Garden Woods Cove
MemphisTN38016
10135 Cameron Ridge TR
MemphisTN38016
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.
10029 Woodland Grove Dr
LakelandTN38002
Showing Results 1-9, 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 2 Bedroom Homes for Rent | $1,500 | $1,500 | $1,500 |
| Lakeland 3 Bedroom Homes for Rent | $2,163 | $1,750 | $2,950 |
| Lakeland 4 Bedroom Homes for Rent | $2,485 | $1,820 | $3,450 |
| Lakeland 5 Bedroom Homes for Rent | $2,670 | $2,670 | $2,670 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 9 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 $1,098. 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 | 1BR,1BA | $1,098 |
| Springs at Colonial | Studio Haven Overlook | Studio,1BA | $1,125 |
Best Value Apartments for Rent in Lakeland, TN
As of March 23, 2026 the best value apartment in the Lakeland area is the $1.40 price per square foot Beaumont Model at The Charleston in the in the Eads-Fisherville neighborhood starting from $1,307. The second greatest value Lakeland apartment is the A3 Model at Hall Creek starting at $2,025 with a $2.36 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 | $1.40 |
| Hall Creek | A3 | 1BR,1BA | $2.36 |
| Lakeland Town Square | A4 - Phase 1 | 1BR,1BA | $2.44 |
| Stonebridge Crossing Apartments | Avalon | 1BR,1BA | $1.31 |
| Somerset at Lakeland | A1 | 1BR,1BA | $1.25 |
| Preserve at Bartlett | A1 | 1BR,1BA | $1.76 |
| Springs at Colonial | Studio Grand Courtyard | Studio ,1BA | $2.24 |
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 $1,008 to $3,000. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeland ranging from $1,500 to $3,450.
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 $1,500 to $3,450 with an average monthly rent of $2,204.
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.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
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.