Cheap Apartments for Rent in the South Memphis Neighborhood of Memphis, TN from $400 (100 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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Birchleaf Apartments
2 Bedroom Apartments

Birchleaf Apartments

1033 Whitaker DrMemphis, TN 38116
  • Utilities Included
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Valley Forge
1 to 3 Bedroom Apartments

Valley Forge

176 Hillview AveMemphis, TN 38109
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Sterling Townhomes
1 to 2 Bedroom Apartments

Sterling Townhomes

1903 E Raines RdMemphis, TN 38116
  • Utilities Included

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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 $545. Longview Heights has the second lowest priced unit, which is a 2 Beds apartment currently listed from $615. Here are the most affordable South Memphis apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Longview Gardens2 Bedroom2BR,1BA$545
Longview Heights2 Bed / 1 Bath2BR,1BA$615
Pinetree Place Apartments2 Bedroom Basic Remodel2BR,1BA$625
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
Graceland Pointe Apartments: Modern Style, Excellent Value in MemphisA11BR,1BA$695
1154 Wilson St1 Bed, 1 bath1BR,1BA$699
Valley ForgeTwo Bedroom2BR,1BA$700

Best Value Apartments for Rent in South Memphis, TN

As of March 09, 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 Three Bedroom Townhome w/ Railing Model at Fairway starting at $925 with a $0.65 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
FairwayThree Bedroom Townhome w/ Railing3BR,2BA$0.65
Faronia Square2 bdr 1.5 ba Plan I2BR,1.5BA$0.76
Hickory Hills3 Bedroom3BR,2BA$0.86
Wesley Forest2x2Wesley Forest2BR,2BA$0.81
Mill Creek Apartments2 Bedroom / 2 Bathroom2BR,2BA$0.78
Valley ForgeTwo Bedroom2BR,1BA$0.80
Creekside Meadows2 Bedroom 1 Bathroom2BR,1BA$0.82
Longview Heights2 Bed / 1 Bath2BR,1BA$0.78
Longview Gardens2 Bedroom2BR,1BA$0.69

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

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

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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 #17

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 $700.

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

The cheapest apartment in South Memphis is Graceland Pointe Apartments: Modern Style, Excellent Value in Memphis which is listed at $695, while the average apartment in South Memphis costs $1,178.

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 200 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 $630 which is $548 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.

Articles, How-To's, and Tips

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