Cheap Apartments for Rent in the South Memphis Neighborhood of Memphis, TN from $400 (157 Rentals)

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

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.

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property at 1760 Foster Ave

$740 - $1,645

1 To 4 Bedroom Rentals

Available Now

1760 Foster Ave

MemphisTN38114

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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 (NEW) priced from $547. Longview Gardens has the second lowest priced unit, which is a 2 Beds apartment currently listed from $559. Here are the most affordable South Memphis apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Emberly (NEW)EFFStudio,1BA$547
Longview Gardens2 Bedroom2BR,1BA$559
Creekside Meadows1 Bedroom 1 Bathroom1BR,1BA$582
Longview Heights2 Bed / 1 Bath2BR,1BA$616
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR,1BA$633
Willie Mitchell Apartments2 Bed 1 Bath2BR,1BA$650
Bantam Springbrook ApartmentsStudioStudio,1BA$675
Winchester GroveThe Willow - StudioStudio,1BA$684
Melrose Court Apartments1 Bed, 1 bath1BR,1BA$695
1154 Wilson StOne Bed One Bath1BR,1BA$699

Best Value Apartments for Rent in South Memphis, TN

As of April 23, 2026 the best value apartment in the South Memphis area is the $0.36 price per square foot Private Room Model at 1791 Whitman Rd in the in the South Memphis neighborhood starting from $800. The second greatest value South Memphis apartment is the 2 Bedroom Model at The Marine Residence starting at $1,705 with a $0.92 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.
1791 Whitman RdPrivate Room5BR,1BA$0.36
The Marine Residence2 Bedroom2BR,2BA$0.92
Wilson Crossing Townhomes: Your Spacious, Two-Story Home in Whitehaven, Memphis!B22BR,1.5BA$0.93
Highland Meadows Apartments2x1.5 9502BR,1.5BA$0.92
Valley ForgeTwo Bedroom2BR,1BA$0.80
1154 Wilson StOne Bed One Bath1BR,1BA$0.87
Longview Gardens2 Bedroom2BR,1BA$0.71
Longview Heights2 Bed / 1 Bath2BR,1BA$0.78
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR,1BA$0.89
Creekside Meadows1 Bedroom 1 Bathroom1BR,1BA$0.90

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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 #19

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 Emberly (NEW) listed at $547.

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

The lowest price for a Cheap One Bedroom South Memphis Apartment is $582 at Creekside Meadows.

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 $559 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 Valley Forge and starts from $750.

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

decorative image for Affordable Memphis: The Best Lower Priced Neighborhoods with Character article

Affordable Memphis: The Best Lower Priced Neighborhoods with Character

Written by: Joshua Carlucci

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

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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.