Cheap Apartments for Rent in the South Forum 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 Forum area of Memphis.

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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

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The Landing Residences
Rent Specials
$1,293 - $6,467
Total Monthly Price

Total Monthly Price

Base Rent
$1,293 - $6,467
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

The Landing Residences

1 Dr Martin Luther King Jr AveMemphis, TN 38103
Student Housing
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  • Customer Reviewed
  • 3D Tour
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487 Williams Ave
2 Bedroom Apartments

487 Williams Ave

487 Williams AveMemphis, TN 38126
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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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Crescent Bluff
1 to 3 Bedroom Apartments

Crescent Bluff

25 E Virginia AveMemphis, TN 38106
  • Utilities Included

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

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Pontotoc Gardens
3 Bedroom Apartments

Pontotoc Gardens

537-539 Pontotoc AveMemphis, TN 38126
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W.L.
Studio to 2 Bedroom Apartments

W.L.

267 S Main StMemphis, TN 38103
  • Utilities Included
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Forum Flats
1 to 3 Bedroom Apartments

Forum Flats

441 E Pontotoc AveMemphis, TN 38126
  • Utilities Included
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Patterson Flats
1 to 3 Bedroom Apartments

Patterson Flats

259 E Butler AveMemphis, TN 38126
  • Utilities Included
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Hope Heights Tower
Studio to 2 Bedroom Apartments

Hope Heights Tower

383 Madison AveMemphis, TN 38103
Senior Living
  • Utilities Included
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The Washburn
1 to 2 Bedroom Apartments

The Washburn

60 S Main StMemphis, TN 38103
Corporate Housing
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Annex Lofts
1 to 2 Bedroom Apartments

Annex Lofts

345 S Front StMemphis, TN 38103

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Main Street Flats
Studio to 2 Bedroom Apartments

Main Street Flats

101 S Main StMemphis, TN 38103
  • Utilities Included
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Cornerstone Flats
1 to 2 Bedroom Apartments

Cornerstone Flats

113 S Main StMemphis, TN 38103
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Van Vleet Flats
1 to 2 Bedroom Apartments

Van Vleet Flats

122 Gayoso AveMemphis, TN 38103
  • Utilities Included
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50 Peabody Place
Studio to 2 Bedroom Apartments

50 Peabody Place

50 Peabody PlMemphis, TN 38103
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2nd Street Flats
1 to 3 Bedroom Apartments

2nd Street Flats

362 S 2nd StMemphis, TN 38103

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-50, Page 1 of 2

Cheapest Available South Forum Apartments for Rent

 

The cheapest available apartment rental in the South Forum area of Memphis, TN is a 2 Beds unit found at 487 Williams Ave priced from $750. Owens Place Townhomes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $760. Here are the most affordable South Forum apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
487 Williams Ave2 Beds, 1 Baths2BR,1BA$750
Owens Place Townhomes1 Bed Flat1BR,1BA$760
Edison ParkOne Bedroom High-RiseStudio,1BA$765
Crescent Bluff11A501BR,1BA$799
Linden Yards ApartmentsTwo Bedroom2BR,1BA$880
280 Vance Flats1 Bedroom 1 Bath Unit 1A (ADA)1BR,1BA$950
South Main Artspace Lofts1 Bedroom1BR,1BA$956
Forum Flats1-C Type B-60%1BR,1BA$973
266 LoftsA1 Phase II1BR,1BA$1,000

Best Value Apartments for Rent in South Forum, TN

As of July 16, 2026 the best value apartment in the South Forum area is the $1.36 price per square foot Floor Plan A Model at Lofts at Merchant Row in the in the Downtown Memphis neighborhood starting from $1,695. The second greatest value South Forum apartment is the WAS-A12 Model at The Washburn starting at $1,150 with a $0.97 price per square foot in the Downtown Memphis neighborhood. Here is today’s list of the best values for South Forum apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lofts at Merchant RowFloor Plan A1BR,1.5BA$1.36
The WashburnWAS-A121BR,1BA$0.97
Downtown YMCA Lofts1 Beds, 1 Baths1BR,1BA$1.09
628 Madison Ave1 bd / 1 ba1BR,1BA$1.10
South Main Artspace Lofts1 Bedroom1BR,1BA$1.00
Linden Yards ApartmentsTwo Bedroom2BR,1BA$0.97
Crescent Bluff22A602BR,2BA$1.42
Downtown Memphis FlatsBarboro 1 Bedroom1BR,1BA$1.43
Owens Place Townhomes1 Bed Flat1BR,1BA$1.10
Forum Flats1-C Type B-60%1BR,1BA$1.44

Frequently Asked Questions about Cheap South Forum Apartments

What is a cheap apartment in South Forum?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Forum is under $1,000.

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

The cheapest apartment in South Forum is Owens Place Townhomes which is listed at $760, while the average apartment in South Forum costs $2,853.

What types of apartments are the cheapest in South Forum?

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 51 regular apartments in South Forum 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 Forum?

Cheap apartments in South Forum have an average cost of $544 which is $2,309 cheaper than the average rent for all rentals in South Forum.

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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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