Cheap Apartments for Rent in the South Memphis Neighborhood of Memphis, TN from $400 (106 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

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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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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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 2 Beds unit found at Longview Gardens priced from $597. 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$597
Emberly Apartments1 Bedroom, 1 Bathroom1BR,1BA$598
Longview Heights2 Bed / 1 Bath2BR,1BA$643
Coronado Manor1 bedroom1BR,1BA$649
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR,1BA$653
Graceland Pointe ApartmentsA11BR,1BA$695
Melrose Court Apartments1 Bed, 1 bath1BR,1BA$695
1154 Wilson St1 Bed, 1 bath1BR,1BA$699
Manor Park Apartments1 Bed / 1 Bath1BR,1BA$700
Valley ForgeTwo Bedroom2BR,1BA$700

Best Value Apartments for Rent in South Memphis, TN

As of October 23, 2025 the best value apartment in the South Memphis area is the $0.81 price per square foot The Villager Model at Winchester Grove in the in the South Memphis neighborhood starting from $1,215. The second greatest value South Memphis apartment is the 3BR Model at Chapel Place Homes starting at $1,163 with a $0.88 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.
Winchester GroveThe Villager3BR,1.5BA$0.81
Chapel Place Homes3BR3BR,2.5BA$0.88
Wilson CrossingB22BR,1.5BA$0.93
Colonial Village Apartments3 Bedroom3BR,2BA$0.86
Ruby Oaks Apartments2 Beds, 2 baths2BR,2BA$0.95
Hickory Hills2 Bedroom2BR,2BA$0.94
Valley ForgeTwo Bedroom2BR,1BA$0.80
Pinetree Place Apartments2 Bedroom Premium Remodel2BR,1BA$0.91
1154 Wilson St1 Bed, 1 bath1BR,1BA$0.87
Weaver Fields Apartments1 Bed, 1 bath1BR,1BA$0.94

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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 #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 $700.

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 $12,937.

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 32 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 $180 which is $12,757 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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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! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.