Cheap Apartments for Rent in the South Memphis Neighborhood of Memphis, TN from $400 (107 Rentals)

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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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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 Bridgeport Manor priced from $500. Emberly Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $567. Here are the most affordable South Memphis apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Bridgeport Manor2 Beds, 1 bath2BR,1BA$500
Emberly ApartmentsEFFStudio,1BA$567
Longview Gardens2 Bedroom2BR,1BA$595
Pinetree Place Apartments2 Bedroom Basic RemodelStudio,1BA$625
Longview Heights2 Bed / 1 Bath2BR,1BA$632
Willie Mitchell Apartments2 Bed 1 Bath2BR,1BA$650
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR,1BA$662
Bantam Springbrook ApartmentsStudioStudio,1BA$675
Coronado Manor1 bedroom1BR,1BA$679
Sunrise Terrace Apartments1 Bedroom1BR,1BA$690

Best Value Apartments for Rent in South Memphis, TN

As of December 08, 2025 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 The Villager Model at Winchester Grove starting at $1,215 with a $0.81 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
Winchester GroveThe Villager3BR,1.5BA$0.81
Faronia Square2 bdr 1.5 ba Platinum2BR,1.5BA$0.84
TOWNHOMES w/ W/D INCLUDED! Gated 2 Bed / 1.5 Bath Townhomes near Shelby Dr!TOWNHOMES w/ W/D INCLUDED! Gated 2 Bed / 1.5 Ba...2BR,1.5BA$0.90
Valley ForgeTwo Bedroom2BR,1BA$0.80
Pinetree Place Apartments2 Bedroom Basic RemodelStudio ,1BA$0.74
1154 Wilson St1 Bed, 1 bath1BR,1BA$0.87
Longview Heights2 Bed / 1 Bath2BR,1BA$0.80
Longview Gardens2 Bedroom2BR,1BA$0.76
Bridgeport Manor2 Beds, 1 bath2BR,1BA$0.67

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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Quick Rent Budget Calculator

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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 #16

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 $690.

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 $10,308.

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 171 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 $586 which is $9,722 cheaper than the average rent for all rentals in South Memphis.

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

Written by: Joshua Carlucci

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

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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!