Cheap Apartments for Rent in the South City Neighborhood of Memphis, TN from $300 (27 Rentals)

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

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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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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Forum Flats
1 to 3 Bedroom Apartments

Forum Flats

441 E Pontotoc AveMemphis, TN 38126
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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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364 Cossitt Pl
1 Bedroom Apartments

364 Cossitt Pl

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

660 Tate Ave

660 Tate AveMemphis, TN 38126
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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Latham Terrace
1 to 2 Bedroom Apartments

Latham Terrace

855 S 4th StMemphis, TN 38126
Senior Living
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945 Vance Ave
2 Bedroom Apartments

945 Vance Ave

945 Vance AveMemphis, TN 38104
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670 Madison Ave
1 Bedroom Apartments

670 Madison Ave

670 Madison AveMemphis, TN 38103

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 1 Bed unit found at Azur Tower priced from $775. 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
Azur Tower1 Bedroom 1 Bathroom1BR,1BA$775
PulseA11BR,1BA$779
Linden Yards ApartmentsTwo Bedroom2BR,1BA$880
Peabody Village2 Beds, 1 Baths2BR,1BA$895
1058 Peabody Ave1058 Peabody Ave - 121BR,1BA$895
280 Vance Flats1 Bedroom 1 Bath Unit 1A (ADA)1BR,1BA$950
Forum Flats1 Bedroom 1 Bathroom 1-C Type B-60%1BR,1BA$953
Urban Loft Co. Memphis- Utilties IncludedThe Urban Loft A1BR,1BA$999
Peabody Station Apartments2BR/1.0BA2BR,1BA$1,050
Bristol On Union Apartment HomesThe Williamsburg, 1 Bedroom 1 Bath1BR,1BA$1,258

Best Value Apartments for Rent in South City, TN

As of July 11, 2025 the best value apartment in the South City area is the $1.11 price per square foot 3 Bedroom 2 Bathroom 3-A Type B-60%-PBV Model at Forum Flats in the in the Downtown Memphis neighborhood starting from $1,313. The second greatest value South City apartment is the Two Bedroom Model at Linden Yards Apartments starting at $880 with a $0.97 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.
Forum Flats3 Bedroom 2 Bathroom 3-A Type B-60%-PBV3BR,2BA$1.11
Linden Yards ApartmentsTwo Bedroom2BR,1BA$0.97
1058 Peabody Ave1058 Peabody Ave - 121BR,1BA$1.04
Peabody Village2 Beds, 1 Baths2BR,1BA$1.08
Bristol On Union Apartment HomesThe Williamsburg, 1 Bedroom 1 Bath1BR,1BA$1.76
Azur Tower1 Bedroom 1 Bathroom1BR,1BA$1.40
280 Vance Flats1 Bedroom 1 Bath Unit 1A (ADA)1BR,1BA$1.44
PulseA11BR,1BA$1.54

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
South City, Memphis, TN

Ranked #62

Among neighborhoods in Memphis, TN 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 Azur Tower which is listed at $775, while the average apartment in South City costs $1,748.

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 7 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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.