Cheap Apartments for Rent in the South Forum Neighborhood of Memphis, TN from $500 (44 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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Crescent Bluff II
1 to 2 Bedroom Apartments

Crescent Bluff II

10 E Virginia AveMemphis, TN 38106
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Crescent Bluff
1 to 3 Bedroom Apartments

Crescent Bluff

25 E Virginia AveMemphis, TN 38106
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Pontotoc Gardens
3 Bedroom Apartments

Pontotoc Gardens

537-539 Pontotoc AveMemphis, TN 38126
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2nd Street Flats
1 to 3 Bedroom Apartments

2nd Street Flats

362 S 2nd StMemphis, TN 38103
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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
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Patterson Flats
1 to 3 Bedroom Apartments

Patterson Flats

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

Hope Heights Tower

383 Madison AveMemphis, TN 38103
Senior Living
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Main Street Flats
Studio to 2 Bedroom Apartments

Main Street Flats

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

Cornerstone Flats

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

Van Vleet Flats

122 Gayoso AveMemphis, TN 38103
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Annex Lofts
1 to 2 Bedroom Apartments

Annex Lofts

345 S Front StMemphis, TN 38103
Showing Results 1-44, Page 1 of 1

South Forum, Memphis, TN Local Guide

Cheapest Available South Forum Apartments for Rent

 

The cheapest available apartment rental in the South Forum area of Memphis, TN is a Studio unit found at Edison Park priced from $560. 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
Edison ParkOne Bedroom 240sqftStudio,1BA$560
Owens Place Townhomes1 Bed Flat1BR,1BA$760
Linden Yards ApartmentsTwo Bedroom2BR,1BA$880
Printer's Alley LoftsPAL-A21BR,1BA$900
The ChiscaA1r1BR,1BA$927
280 Vance Flats1 Bedroom 1 Bath Unit 1A (ADA)1BR,1BA$950
Forum Flats1-A Type B-60%1BR,1BA$953
Fielder SquareE2 StudioStudio,1BA$955
Patterson Flats1-A Type B1BR,1BA$955
Museum LoftsThe Rock-n-Soul1BR,1BA$975

Best Value Apartments for Rent in South Forum, TN

As of November 14, 2025 the best value apartment in the South Forum area is the $1.41 price per square foot RiverLoft 2BR Model at RiverLofts @ 460 Tennessee in the in the Downtown Memphis neighborhood starting from $2,600. The second greatest value South Forum apartment is the A6 Model at Lofts at Union Alley starting at $1,396 with a $1.31 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.
RiverLofts @ 460 TennesseeRiverLoft 2BR2BR,2BA$1.41
Lofts at Union AlleyA61BR,1BA$1.31
628 Madison Ave2 bd / 2 ba2BR,2BA$1.35
Linden Yards ApartmentsTwo Bedroom2BR,1BA$0.97
2nd Street Flats22A602BR,2BA$1.39
Patterson Flats1-A Type B1BR,1BA$1.27
Owens Place Townhomes1 Bed Flat1BR,1BA$1.10
Forum Flats1-C Type B-60%1BR,1BA$1.41
280 Vance Flats1 Bedroom 1 Bath Unit 1A (ADA)1BR,1BA$1.44
Crescent Bluff11A501BR,1BA$1.37

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Apartment Common Area Rules: What Renters Need to Know

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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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 Forum, Memphis, TN

Ranked #29

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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 $975.

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 $2,620.

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 82 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 $589 which is $2,031 cheaper than the average rent for all rentals in South Forum.

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

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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.