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

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

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364 Cossitt Pl
1 Bedroom Apartments

364 Cossitt Pl

364 Cossitt PlMemphis, TN 38126

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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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660 Tate Ave
1 Bedroom Apartments

660 Tate Ave

660 Tate AveMemphis, TN 38126
Furnished
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661 St Paul Ave
2 Bedroom Apartments

661 St Paul Ave

661 St Paul AveMemphis, TN 38126
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494 Walker Ave
Studio Apartments

494 Walker Ave

494 Walker AveMemphis, TN 38126
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945 Vance Ave
2 Bedroom Apartments

945 Vance Ave

945 Vance AveMemphis, TN 38104

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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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Madison 19
1 Bedroom Apartments

Madison 19

670 Madison AveMemphis, TN 38103
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Pulse
Studio to 2 Bedroom Apartments

Pulse

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

SoMa 23

23 S Pauline StMemphis, TN 38104
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Caprice
2 Bedroom Apartments

Caprice

1259 Harbert AveMemphis, TN 38104
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Peabody Village
2 Bedroom Apartments

Peabody Village

972 Peabody AveMemphis, TN 38104
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Forum Flats
1 to 3 Bedroom Apartments

Forum Flats

441 E Pontotoc AveMemphis, TN 38126
  • Utilities Included

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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Latham Terrace
1 to 2 Bedroom Apartments

Latham Terrace

855 S 4th StMemphis, TN 38126
Senior Living

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.

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 Pulse priced from $634. Azur Tower has the second lowest priced unit, which is a 1 Bed apartment currently listed from $829. Here are the most affordable South City apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
PulseS1Studio,1BA$634
Azur Tower1 Bedroom 1 Bathroom1BR,1BA$829
Linden Yards ApartmentsTwo Bedroom2BR,1BA$880
Faulkner Court Apartments1 Bedroom Apt1BR,1BA$900
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
Bristol On Union Apartment HomesThe Williamsburg, 1 Bedroom 1 Bath1BR,1BA$1,275
Orleans Station1BR - Small1BR,1BA$1,350

Best Value Apartments for Rent in South City, TN

As of November 10, 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 1-C Type B-60% Model at Forum Flats starting at $953 with a $1.41 price per square foot in the Downtown Memphis 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
Forum Flats1-C Type B-60%1BR,1BA$1.41
Bristol On Union Apartment HomesThe Medici Studio, 1 Bedroom 1 Bath1BR,1BA$2.06
280 Vance Flats1 Bedroom 1 Bath Unit 1A (ADA)1BR,1BA$1.44
Orleans Station1BR - Small1BR,1BA$2.08
Azur Tower1 Bedroom 1 Bathroom1BR,1BA$1.30
Faulkner Court Apartments1 Bedroom Apt1BR,1BA$1.50
PulseS1Studio ,1BA$2.20

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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Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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Pet Friendly Lifestyle
South City, Memphis, TN

Ranked #84

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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

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

The cheapest apartment in South City is Pulse which is listed at $779, while the average apartment in South City costs $2,317.

What types of apartments are the cheapest in South City?

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 9 regular apartments in South City that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

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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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.