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

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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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

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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945 Vance Ave
2 Bedroom Apartments

945 Vance Ave

945 Vance AveMemphis, TN 38104
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Madison 19
1 Bedroom Apartments

Madison 19

670 Madison AveMemphis, TN 38103
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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

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.

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 The Pulse Apartments 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
The Pulse ApartmentsStudio 1 BathroomStudio,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$1,258
Orleans Station1BR - Small1BR,1BA$1,350

Best Value Apartments for Rent in South City, TN

As of December 31, 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 2BR/1.0BA Model at Peabody Station Apartments starting at $1,025 with a $1.35 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 Station Apartments2BR/1.0BA2BR,1BA$1.35
Azur Tower1 Bedroom 1 Bathroom1BR,1BA$1.40
Forum Flats1-C Type B-60%1BR,1BA$1.41
Bristol On Union Apartment HomesThe Medici Studio, 1 Bedroom 1 Bath1BR,1BA$1.92
280 Vance Flats1 Bedroom 1 Bath Unit 1A (ADA)1BR,1BA$1.44
Orleans Station1BR - Small1BR,1BA$2.08
Faulkner Court Apartments1 Bedroom Apt1BR,1BA$1.50
The Pulse ApartmentsStudio 1 BathroomStudio ,1BA$2.59

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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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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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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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 #76

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 $779 at The Pulse Apartments.

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

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.