Cheap Apartments for Rent in the South Memphis Neighborhood of Memphis, TN from $400 (261 Rentals)

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

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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.

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property at 452 Delta Rd

$895

3 Bedroom Rentals

Available Now

452 Delta Rd

MemphisTN38109

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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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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 Studio unit found at Emberly Apartments priced from $547. Longview Gardens has the second lowest priced unit, which is a 2 Beds apartment currently listed from $551. Here are the most affordable South Memphis apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Emberly ApartmentsEFFStudio,1BA$547
Longview Gardens2 Bedroom2BR,1BA$551
Creekside Meadows1 Bedroom 1 Bathroom1BR,1BA$590
Longview Heights2 Bed / 1 Bath2BR,1BA$612
Pinetree Place Apartments2 Bedroom Basic Remodel2BR,1BA$625
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR,1BA$648
1277 Airways Blvd2 Beds, 1 Baths2BR,1BA$650
2309 Warren St1 Beds, 1 Baths1BR,1BA$650
Bantam Springbrook ApartmentsStudioStudio,1BA$675
Winchester GroveThe Willow - StudioStudio,1BA$684

Best Value Apartments for Rent in South Memphis, TN

As of June 08, 2026 the best value apartment in the South Memphis area is the $0.87 price per square foot 3 Bedroom 2 Bathroom Model at Sutton at Shelby in the in the South Memphis neighborhood starting from $1,175. 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.
Sutton at Shelby3 Bedroom 2 Bathroom3BR,2BA$0.87
285 Lucy Ave2 Beds, 1 Baths2BR,1BA$0.83
641 S Rembert St, Unit 641641 S Rembert St2BR,2BA$0.91
Highland Meadows Apartments2x1.5 9502BR,1.5BA$0.92
Whispering Pines Apartments1BR/1BA1BR,1BA$0.83
1011 S Willett St, Unit #31011 S Willett St1BR,1BA$0.88
Longview Gardens2 Bedroom2BR,1BA$0.70
Longview Heights2 Bed / 1 Bath2BR,1BA$0.78
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR,1BA$0.91
Creekside Meadows1 Bedroom 1 Bathroom1BR,1BA$0.91

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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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 Memphis, Memphis, TN

Ranked #18

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 a cheap apartment in South Memphis?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Memphis is under $684.

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

The cheapest apartment in South Memphis is Emberly Apartments which is listed at $598, while the average apartment in South Memphis costs $1,350.

What types of apartments are the cheapest in South Memphis?

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 162 regular apartments in South Memphis 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 Memphis?

Cheap apartments in South Memphis have an average cost of $501 which is $849 cheaper than the average rent for all rentals in South Memphis.

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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