Cheap Homes for Rent in South Memphis Neighborhood of Memphis, TN from $500 (74 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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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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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 1 Bed unit found at Emberly Apartments priced from $598. Longview Heights has the second lowest priced unit, which is a 2 Beds apartment currently listed from $599. Here are the most affordable South Memphis apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Emberly Apartments1 Bedroom, 1 Bathroom1BR,1BA$598
Longview Heights2 Bed / 1 Bath2BR,1BA$599
Creekside Meadows1 Bedroom 1 Bathroom1BR,1BA$628
Longview Gardens2 Bedroom2BR,1BA$635
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR,1BA$671
Winchester GroveThe Willow - StudioStudio,1BA$684
Melrose Court Apartments1 Bed, 1 bath1BR,1BA$695
Valley ForgeTwo Bedroom2BR,1BA$700
Manor Park Apartments1 Bed / 1 Bath1BR,1BA$700
Weaver Fields Apartments1 Bed, 1 bath1BR,1BA$725

Best Value Apartments for Rent in South Memphis, TN

As of September 08, 2025 the best value apartment in the South Memphis area is the $0.88 price per square foot 3BR Model at Chapel Place Homes in the in the South Memphis neighborhood starting from $1,163. The second greatest value South Memphis apartment is the B2 Model at Wilson Crossing starting at $1,115 with a $0.93 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.
Chapel Place Homes3BR3BR,2.5BA$0.88
Wilson CrossingB22BR,1.5BA$0.93
Ruby Oaks Apartments2 Beds, 2 baths2BR,2BA$0.95
Colonial Village Apartments2 Bedroom2BR,1BA$0.92
Valley ForgeTwo Bedroom2BR,1BA$0.80
Pinetree Place Apartments2x12BR,1BA$0.91
Vinton Avenue Apartments2BR/1.0BA2BR,1BA$0.94
Longview Heights2 Bed / 1 Bath2BR,1BA$0.76
Longview Gardens2 Bedroom2BR,1BA$0.81
Weaver Fields Apartments1 Bed, 1 bath1BR,1BA$0.94

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 #14

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 491 Apartments for Rent in South Memphis, TN with pricing that ranges from $200 to $12,766. There are also 238 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Memphis ranging from $545 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 $545 to $5,000 with an average monthly rent of $2,032.

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 $1,650, while Three Bedroom Homes, Condos, and Townhomes for rent range from $834 to $3,650. Four Bedroom Single-Family rentals are also available starting from $950 and Four Bedroom Apartments start at $995.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.