Cheap Apartments for Rent in the South Memphis Neighborhood of Memphis, TN from $400 (217 Rentals)

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

Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City

Moving to the Bluff City? Get the insider’s guide on Memphis life, from specific neighborhood personalities and current average rent, to the best barbecue and live music spots.

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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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The Local Memphis Expert's Guide to Renting Near the City's Top Employers

Memphis apartment guide from a local expert, breaking down neighborhoods, average rent, and ideal commute times near the 5 largest employers - FedEx, St. Jude, U of M, Methodist, and AutoZone.

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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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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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South Memphis, Memphis, TN Local Guide

Cheapest Available South Memphis Apartments for Rent

 

The cheapest available apartment rental in the South Memphis area of Memphis, TN is a 2 Beds unit found at Longview Gardens priced from $562. Emberly Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $598. Here are the most affordable South Memphis apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Longview Gardens2 Bedroom2BR,1BA$562
Emberly Apartments1 Bedroom, 1 Bathroom1BR,1BA$598
Longview Heights2 Bed / 1 Bath2BR,1BA$613
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR,1BA$622
1277 Airways Blvd2 Beds, 1 Baths2BR,1BA$650
2309 Warren St1 Beds, 1 Baths1BR,1BA$650
Bantam Springbrook ApartmentsStudioStudio,1BA$675
Pinetree Place Apartments1 Bedroom Premium Remodel1BR,1BA$675
Graceland Pointe ApartmentsA11BR,1BA$680
Winchester GroveThe Willow - StudioStudio,1BA$684

Best Value Apartments for Rent in South Memphis, TN

As of July 23, 2026 the best value apartment in the South Memphis area is the $0.73 price per square foot Three Bedroom Townhome w/ Stairs Model at Fairway in the in the South Memphis neighborhood starting from $1,025. The second greatest value South Memphis apartment is the 2 Beds, 1 Baths Model at 285 Lucy Ave starting at $1,000 with a $0.83 price per square foot in the South Memphis neighborhood. Here is today’s list of the best values for South Memphis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
FairwayThree Bedroom Townhome w/ Stairs3BR,2.5BA$0.73
285 Lucy Ave2 Beds, 1 Baths2BR,1BA$0.83
Faronia Square2 bdr 1.5 ba Platinum2BR,1.5BA$0.84
Sutton at Shelby2 Bedroom 1.5 Bathroom2BR,1.5BA$0.85
1101 S Rembert St, Unit 11011101 S Rembert St1BR,1BA$0.83
Whispering Pines1 BR1BR,1BA$0.83
1011 S Willett St, Unit #31011 S Willett St1BR,1BA$0.88
Longview Gardens2 Bedroom2BR,1BA$0.71
Longview Heights2 Bed / 1 Bath2BR,1BA$0.78
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR,1BA$0.88

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 Memphis, Memphis, TN

Ranked #32

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals in cities across the United States including South Memphis, Memphis, and the greater Memphis area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap South Memphis Apartments

What is the Cheapest Studio apartment in South Memphis?

Currently the most affordable Cheap Studio Apartment in South Memphis is at Bantam Springbrook Apartments listed at $675.

How much is rent for a Cheap One Bedroom South Memphis Apartment?

The lowest price for a Cheap One Bedroom South Memphis Apartment is $598 at Emberly Apartments.

What is the lowest price for a Cheap Two Bedroom South Memphis Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in South Memphis is starting from $558 at Longview Gardens.

What is the most affordable South Memphis Three Bedroom Apartment?

The best deal on a cheap South Memphis Three Bedroom Apartment rental is at Creekside Meadows and starts from $825.

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.

Helpful Local Expert Guides

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Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City

Written by: Joshua Carlucci

Hello from Memphis, Tennessee. I'm Josh, your ApartmentHomeLiving.com Local Expert for Memphis, and I spent years in this city eating, writing, cooking, studying, and getting to know it block by block.

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The Local Memphis Expert's Guide to Renting Near the Citys Top Employers

Written by: Joshua Carlucci

I'm Josh, your ApartmentHomeLiving.

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College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive

Written by: Joshua Carlucci

I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

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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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.