Cheap Apartments for Rent in the South City Neighborhood of Memphis, TN from $300 (32 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Pulse
Studio to 2 Bedroom Apartments

Pulse

57 N Somerville StMemphis, TN 38104
close
View Me
SoMa 23
Studio to 2 Bedroom Apartments

SoMa 23

23 S Pauline StMemphis, TN 38104
close
View Me
Caprice
2 Bedroom Apartments

Caprice

1259 Harbert AveMemphis, TN 38104
close
View Me
Forum Flats
1 to 3 Bedroom Apartments

Forum Flats

441 E Pontotoc AveMemphis, TN 38126
  • Utilities Included
close
View Me
494 Walker Ave
Studio Apartments

494 Walker Ave

494 Walker AveMemphis, TN 38126
close
View Me
661 St Paul Ave
2 Bedroom Apartments

661 St Paul Ave

661 St Paul AveMemphis, TN 38126
close
View Me
364 Cossitt Pl
1 Bedroom Apartments

364 Cossitt Pl

364 Cossitt PlMemphis, TN 38126
close
View Me
660 Tate Ave
1 Bedroom Apartments

660 Tate Ave

660 Tate AveMemphis, TN 38126
Furnished
close
View Me
Latham Terrace
1 to 2 Bedroom Apartments

Latham Terrace

855 S 4th StMemphis, TN 38126
Senior Living
close
View Me
670 Madison Ave
1 Bedroom Apartments

670 Madison Ave

670 Madison AveMemphis, TN 38103
close
View Me
945 Vance Ave
2 Bedroom Apartments

945 Vance Ave

945 Vance AveMemphis, TN 38104

South City, Memphis, TN Local Guide

Cheapest Available South City Apartments for Rent

 

The cheapest available apartment rental in the South City area of Memphis, TN is a Studio unit found at SoMa 23 priced from $650. Pulse has the second lowest priced unit, which is a 1 Bed apartment currently listed from $779. Here are the most affordable South City apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
SoMa 23Studio SmallStudio,1BA$650
PulseA11BR,1BA$779
Linden Yards ApartmentsTwo Bedroom2BR,1BA$880
Peabody Village2 Beds, 1 Baths2BR,1BA$895
Azur Tower1 Bedroom 1 Bathroom1BR,1BA$925
Faulkner Court Apartments1 Bedroom Apt1BR,1BA$950
280 Vance Flats1 Bedroom 1 Bath Unit 1A (ADA)1BR,1BA$950
Forum Flats1-C Type B-60%1BR,1BA$953
Peabody Station Apartments2BR/1.0BA2BR,1BA$1,025
Urban Loft Co. Memphis- Utilties IncludedThe Urban Loft A1BR,1BA$1,150

Best Value Apartments for Rent in South City, TN

As of September 15, 2025 the best value apartment in the South City area is the $0.97 price per square foot Two Bedroom Model at Linden Yards Apartments in the in the Downtown Memphis neighborhood starting from $880. The second greatest value South City apartment is the 2 Beds, 1 Baths Model at Peabody Village starting at $895 with a $1.08 price per square foot in the Medical District neighborhood. Here is today’s list of the best values for South City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Linden Yards ApartmentsTwo Bedroom2BR,1BA$0.97
Peabody Village2 Beds, 1 Baths2BR,1BA$1.08
Orleans Station1BR - Large1BR,1BA$1.83
Forum Flats1-C Type B-60%1BR,1BA$1.41
280 Vance Flats1 Bedroom 1 Bath Unit 1A (ADA)1BR,1BA$1.44
Azur Tower1 Bedroom 1 Bathroom1BR,1BA$1.48
Bristol On Union Apartment HomesThe Williamsburg, 1 Bedroom 1 Bath1BR,1BA$2.18
Faulkner Court Apartments1 Bedroom Apt1BR,1BA$1.58
PulseA11BR,1BA$1.54
SoMa 23Studio SmallStudio ,1BA$3.46

Quick Rent Budget Calculator

How much rent can you afford?

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
South City, Memphis, TN

Ranked #79

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Getting Around the South City Neighborhood in Memphis, TN

Walk Score®

56 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

66 / 100

Bikeable

Some bike infrastructure

Transit Score®

38 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap South City Apartments

How much is rent for a Cheap One Bedroom South City Apartment?

The lowest price for a Cheap One Bedroom South City Apartment is $695 at SoMa 23.

What is the lowest price for a Cheap Two Bedroom South City Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in South City is starting from $880 at Linden Yards Apartments.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.