
Apartments for Rent in the South Memphis Neighborhood of Memphis, TN Under $2,000 (336 Rentals)


The Melrose Midtown

The Bonsai at Central Gardens

South Line at Central Station

South Bluffs Apartments

Georgian Woods

The Posts

Emberly (NEW)

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The Marine Residence

Graceland Flats – Modern Living in the Heart of Whitehaven
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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TOWNHOMES w/ W/D INCLUDED! Gated 2 Bed / 1.5 Bath Townhomes near Shelby Dr!

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Graceland Pointe Apartments: Modern Style, Excellent Value in Memphis

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Holmes Pointe Apartments

National Rose Co.

Oakwood Meadows Estates

Wesley Forest

Parkway Arms Apartments

Willie Mitchell Apartments

Sunrise Terrace Apartments
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.

Central Gardens

The Flats @ Cooper Young

Peabody Place

Goodbar Townhomes

Sutton at Shelby

Colonial Village Apartments

Chambliss Village Townhomes

Hunter Oaks Apartments

Faronia Square

Peabody Falls Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Creekside Meadows

Highland Meadows Apartments

Mill Creek Apartments

Winchester Grove

Longview Gardens

Belvedere Place

The Linden

1831 Castalia St

1791 Whitman Rd

1162 Peabody Ave
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Harbert Court Apartments - Central Gardens

The Wendell

Wilson Crossing Townhomes: Your Spacious, Two-Story Home in Whitehaven, Memphis!

Melrose Court Apartments

Bantam Springbrook Apartments

Longview Heights

Ruby Oaks Apartments

Pinetree Place Apartments

Weaver Fields Apartments

95 W Mallory Ave
South Memphis, Memphis, TN Local Guide

How much does it cost to rent an apartment in South Memphis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Memphis Studio Apartments | $941 | $547 | $1,450 |
| South Memphis 1 Bedroom Apartments | $1,030 | $585 | $2,300 |
| South Memphis 2 Bedroom Apartments | $1,051 | $600 | $2,830 |
| South Memphis 3 Bedroom Apartments | $1,072 | $825 | $2,350 |
| South Memphis 4 Bedroom Apartments | $1,261 | $1,014 | $2,300 |
Browse Apartments in this Neighborhood
There are currently 336 rentals with your search options within a 1 mile radius of the South Memphis Neighborhood of Memphis, TN.
See all Apartments in MemphisExplore Memphis
South Memphis, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
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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.
Read ArticleCollege 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!
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
Pet Friendly LifestyleSouth Memphis, Memphis, TN
Ranked #24
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about South Memphis
How much are Studio apartments in South Memphis?
There are currently 310 Studio Apartments in South Memphis with rent ranges from $547 to $1,450 with an average price of $941.
What is the current price range for One Bedroom South Memphis Apartments for rent?
Today's rental pricing for One Bedroom Apartments in South Memphis ranges from $585 to $2,300 with an average monthly rent of $1,030.
What does renting a Two Bedroom Apartment in South Memphis cost?
The monthly rent prices of Two Bedroom Apartments currently available in South Memphis range from $600 to $2,830. Today's average rental price for Two Bedrooms here is $1,051.
How expensive are South Memphis Three Bedroom Apartments?
There are currently 84 Three Bedroom Apartments listings available in South Memphis on ApartmentHomeLiving.com. The pricing ranges from $825 to $2,350 - averaging $1,072 for the location.
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

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

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.

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.

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.
