
Cheap Homes for Rent in South Forum Neighborhood of Memphis, TN from $600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the South Forum area of Memphis.


607 E McLemore Ave, Unit 2

259 Maryland Ave
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

852 Ioka Ave

129 Talbot Ave

92 S Main St, Unit 102
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.
South Forum, Memphis, TN Local Guide

How much does it cost to rent a home in South Forum?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Forum 2 Bedroom Homes for Rent | $2,060 | $1,400 | $2,940 |
| South Forum 3 Bedroom Homes for Rent | $2,123 | $1,095 | $2,850 |
| South Forum 4 Bedroom Homes for Rent | $2,672 | $1,850 | $3,495 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the South Forum Neighborhood of Memphis, TN.
Explore Memphis
Cheapest Available South Forum Apartments for Rent
 The cheapest available apartment rental in the South Forum area of Memphis, TN is a 1 Bed unit found at Owens Place Townhomes priced from $760. Edison Park has the second lowest priced unit, which is a Studio apartment currently listed from $765. Here are the most affordable South Forum apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Owens Place Townhomes | 1 Bed Flat | 1BR,1BA | $760 |
| Edison Park | One Bedroom High-Rise | Studio,1BA | $765 |
| Linden Yards Apartments | Two Bedroom | 2BR,1BA | $880 |
Best Value Apartments for Rent in South Forum, TN
As of April 27, 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 32A60 Model at 2nd Street Flats starting at $1,314 with a $1.24 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lofts at Merchant Row | Floor Plan A | 1BR,1.5BA | $1.36 |
| 2nd Street Flats | 32A60 | 3BR,2BA | $1.24 |
| 266 Lofts | B1 Phase II | 2BR,2BA | $1.46 |
| 628 Madison Ave | 2 bd / 2 ba | 2BR,2BA | $1.35 |
| Linden Yards Apartments | Two Bedroom | 2BR,1BA | $0.97 |
| Crescent Bluff | 22A60 | 2BR,2BA | $1.40 |
| Downtown Memphis Flats | Barboro 1 Bedroom | 1BR,1BA | $1.43 |
| Owens Place Townhomes | 1 Bed Flat | 1BR,1BA | $1.10 |
| Forum Flats | 1-C Type B-60% | 1BR,1BA | $1.41 |
| 280 Vance Flats | 1 Bedroom 1 Bath Unit 1A (ADA) | 1BR,1BA | $1.44 |
Frequently Asked Questions about South Forum
What type of rentals are currently available in South Forum?
There are currently 230 Apartments for Rent in South Forum, TN with pricing that ranges from $525 to $4,900. There are also 22 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Forum ranging from $699 to $3,495.
What is the current price range for Rental Homes in South Forum?
Today's rental pricing for Homes for Rent, Condos and Townhomes in South Forum ranges from $699 to $3,495 with an average monthly rent of $1,888.
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

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.