Cheap Apartments for Rent in the South Bluff Neighborhood of Memphis, TN from $500 (53 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Bluff area of Memphis.

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.

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The Chisca
Rent Specials
$947 - $2,913
Total Monthly Price

Total Monthly Price

Base Rent
$947 - $2,913
Total Monthly Price
$947 - $2,913
Studio to 3 Bedroom Apartments Available Now

The Chisca

272 S Main StMemphis, TN 38103
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

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Court Square Apartments
Rent Specials
$1,000 - $2,276
Total Monthly Price

Total Monthly Price

Base Rent
$1,000 - $2,276
Total Monthly Price
$1,000 - $2,276
1 to 3 Bedroom Apartments Available Now

Court Square Apartments

62 N Main StMemphis, TN 38103
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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The Marine Residence
Rent Specials
$1,230 - $2,830
Total Monthly Price

Total Monthly Price

Base Rent
$1,230 - $2,830
Total Monthly Price
$1,230 - $2,830
1 to 2 Bedroom Apartments Available Now

The Marine Residence

360 Metal Museum DrMemphis, TN 38106
Furnished
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

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Metro67
Rent Specials
$1,540 - $3,622
Total Monthly Price

Total Monthly Price

Base Rent
$1,540 - $3,622
Total Monthly Price
$1,540 - $3,622
Studio to 3 Bedroom Apartments Available Now

Metro67

67 Madison AveMemphis, TN 38103
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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Crescent Bluff II
1 to 2 Bedroom Apartments

Crescent Bluff II

10 E Virginia AveMemphis, TN 38106
  • Utilities Included
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State Place at South End
1 Bedroom Apartments

State Place at South End

665 Tennessee StMemphis, TN 38103
Furnished
  • Utilities Included
  • Smoke Free

Affordable Memphis: The Best Neighborhoods with Character and Lower Rents

Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.

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South Bluff, Memphis, TN Local Guide

Cheapest Available South Bluff Apartments for Rent

 

The cheapest available apartment rental in the South Bluff area of Memphis, TN is a 2 Beds unit found at Longview Gardens priced from $551. The Pulse Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $634. Here are the most affordable South Bluff apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Longview Gardens2 Bedroom2BR,1BA$551
The Pulse ApartmentsStudio 1 BathroomStudio,1BA$634
Willie Mitchell Apartments2 Bed 1 Bath2BR,1BA$650
Owens Place Townhomes1 Bed Flat1BR,1BA$760
Uptown Square ApartmentsStudio - HandicappedStudio,1BA$760
Edison ParkOne Bedroom High-RiseStudio,1BA$765
The Drew1 Bedroom 1 Bathroom1BR,1BA$800
Indigo RiverviewTennessee1BR,1BA$841
Helix at the District - Utilities Included1 Bedroom 1 Bathroom1BR,1BA$860
Eleven60Midtown 2 bedroom2BR,1BA$899

Best Value Apartments for Rent in South Bluff, TN

As of May 25, 2026 the best value apartment in the South Bluff area is the $0.99 price per square foot 2 Bedroom Model at The Marine Residence in the in the South Memphis neighborhood starting from $1,705. The second greatest value South Bluff apartment is the 2 BR Model at Court Square Apartments starting at $1,776 with a $1.22 price per square foot in the Downtown Memphis neighborhood. Here is today’s list of the best values for South Bluff apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Marine Residence2 Bedroom2BR,2BA$0.99
Court Square Apartments2 BR2BR,2BA$1.22
Lofts at Merchant RowFloor Plan A1BR,1.5BA$1.36
Number 10 MainNTM-B12BR,2BA$1.34
Azur Tower2 Bedroom 1 Bathroom2BR,1BA$1.03
628 Madison Ave1 bd / 1 ba1BR,1BA$1.10
Longview Gardens2 Bedroom2BR,1BA$0.70
The Drew1 Bedroom 1 Bathroom1BR,1BA$1.14
Owens Place Townhomes1 Bed Flat1BR,1BA$1.10
Willie Mitchell Apartments2 Bed 1 Bath2BR,1BA$1.02

College Life in Memphis: Affordable Neighborhoods Where Students Rent and Thrive

Where do Memphis students actually live? Our local expert reveals the best affordable neighborhoods to rent near U of M, Rhodes, and CBU. Get local tips & save on rent!

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
South Bluff, Memphis, TN

Ranked #12

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com is happy to bring you Lifestyle Ratings of rentals in areas across the United States and customized analysis for Central Memphis, TN. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and the best proximity to parks and outdoor amenities, places to raise kids, raising pets, transit options, walking, and biking. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap South Bluff Apartments

What is a cheap apartment in South Bluff?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Bluff is under $899.

What is the price of a cheap apartment in South Bluff?

The cheapest apartment in South Bluff is Owens Place Townhomes which is listed at $760, while the average apartment in South Bluff costs $2,518.

What types of apartments are the cheapest in South Bluff?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 276 regular apartments in South Bluff that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in South Bluff?

Cheap apartments in South Bluff have an average cost of $756 which is $1,762 cheaper than the average rent for all rentals in South Bluff.

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

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Affordable Memphis: The Best Lower Priced Neighborhoods with Character

Written by: Joshua Carlucci

I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

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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.

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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.