Cheap Homes for Rent in South Memphis Neighborhood of Memphis, TN from $500 (101 Rentals)

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Search the lowest-cost Homes 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 $576. 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$576
Emberly Apartments1 Bedroom, 1 Bathroom1BR,1BA$598
Creekside Meadows1 Bedroom 1 Bathroom1BR,1BA$613
Longview Heights2 Bed / 1 Bath2BR,1BA$643
Coronado Manor1 bedroom1BR,1BA$649
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR,1BA$657
Melrose Court Apartments1 Bed, 1 bath1BR,1BA$695
Graceland Pointe ApartmentsA11BR,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 October 27, 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
Hickory Hills3 Bedroom3BR,2BA$0.86
Valley ForgeTwo Bedroom2BR,1BA$0.80
Pinetree Place Apartments2 Bedroom Premium Remodel2BR,1BA$0.91
1154 Wilson St1 Bed, 1 bath1BR,1BA$0.87
Longview Heights2 Bed / 1 Bath2BR,1BA$0.82
Longview Gardens2 Bedroom2BR,1BA$0.73

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

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 #18

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about South Memphis

What type of rentals are currently available in South Memphis?

There are currently 486 Apartments for Rent in South Memphis, TN with pricing that ranges from $567 to $12,595. There are also 277 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Memphis ranging from $550 to $5,000.

What is the current price range for Rental Homes in South Memphis?

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Memphis ranges from $550 to $5,000 with an average monthly rent of $1,462.

How much are larger Three and Four Bedroom Rentals in South Memphis?

For those who are looking for larger living arrangements, Three Bedroom Apartments in South Memphis range from $884 to $1,795, while Three Bedroom Homes, Condos, and Townhomes for rent range from $825 to $3,350. Four Bedroom Single-Family rentals are also available starting from $950 and Four Bedroom Apartments start at $1,014.

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.