Cheap Apartments for Rent in the South Rhodes Neighborhood of Memphis, TN from $400 (81 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Rhodes 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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Addison 1 Apartments
2 Bedroom Apartments

Addison 1 Apartments

3300 Southern AveMemphis, TN 38111
  • Utilities Included

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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Campus View
1 to 2 Bedroom Apartments

Campus View

3606 Walker AveMemphis, TN 38111
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The Belle
Studio to 2 Bedroom Apartments

The Belle

3375 Southern AveMemphis, TN 38111
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Cedar Creek Apartments
Studio to 2 Bedroom Apartments

Cedar Creek Apartments

3365 Steve RdMemphis, TN 38111
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Cherry Gardens
2 to 3 Bedroom Apartments

Cherry Gardens

4350 Dunn RdMemphis, TN 38111
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Rhodes Townhomes
2 Bedroom Apartments

Rhodes Townhomes

3640 Rhodes AveMemphis, TN 38111
  • Utilities Included

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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Brister Place
1 to 2 Bedroom Apartments

Brister Place

625 Brister StMemphis, TN 38111
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Camelot Manor
1 to 3 Bedroom Apartments

Camelot Manor

3151 Ashwood StMemphis, TN 38118
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Carnes Manor
2 Bedroom Apartments

Carnes Manor

3446 Carnes AveMemphis, TN 38111
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Eden Pointe
1 to 2 Bedroom Apartments

Eden Pointe

3187-3194 E Danville CirMemphis, TN 38118

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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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Barron Court
2 Bedroom Apartments

Barron Court

3015 Barron AveMemphis, TN 38114

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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South Rhodes, Memphis, TN Local Guide

Cheapest Available South Rhodes Apartments for Rent

 

The cheapest available apartment rental in the South Rhodes area of Memphis, TN is a 4 Beds unit found at Yugo Memphis Southern priced from $599. Thompson Heights has the second lowest priced unit, which is a 2 Beds apartment currently listed from $650. Here are the most affordable South Rhodes apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Yugo Memphis Southern4 Bed, 4 Bath Classic4BR,4BA$599
Thompson HeightsAmazing Unit2BR,1BA$650
Audubon Park PlaceStudio/1BAStudio,1BA$745
Barron CourtBarron Court 2 Bedroom 1 Bath2BR,1BA$750
Cherry Creek Apartments1 Bedroom, 1 Bath1BR,1BA$775
University CrossingsBrister 1b/1b1BR,1BA$815
Azure Place Apartments1 Bedroom B1BR,1BA$835
Woodtrail Apartment1/11BR,1BA$850
The JunctionThe Boxcar1BR,1BA$879
Imperial Arms ApartmentsImperial Arms2BR,1BA$895

Best Value Apartments for Rent in South Rhodes, TN

As of January 25, 2026 the best value apartment in the South Rhodes area is the $0.38 price per square foot Entire home 4 Bedrooms 4 Baths Model at Student Lofts at Brister in the in the East Memphis neighborhood starting from $695. The second greatest value South Rhodes apartment is the Spacious 3-Bedroom Apartment with In-Unit Washe... Model at Sherwood Flats starting at $1,165 with a $1.04 price per square foot in the East Memphis neighborhood. Here is today’s list of the best values for South Rhodes apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Student Lofts at BristerEntire home 4 Bedrooms 4 Baths1BR,1BA$0.38
Sherwood FlatsSpacious 3-Bedroom Apartment with In-Unit Washe...3BR,2BA$1.04
Spottswood Manor2 Bedroom Townhome2BR,1.5BA$0.93
Imperial Arms ApartmentsImperial Arms2BR,1BA$0.97
The Nine2Bed / 2Bath A2BR,2BA$1.13
Woodtrail Apartment1/11BR,1BA$1.06
Thompson HeightsAmazing Unit2BR,1BA$0.81
Yugo Memphis Southern2 Bed, 2 Bath Plus2BR,2BA$1.14
Barron CourtBarron Court 2 Bedroom 1 Bath2BR,1BA$0.97
University CrossingsBrister 1b/1b1BR,1BA$1.25

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

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

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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 Rhodes, Memphis, TN

Ranked #80

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com works hard to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States including South Rhodes, Memphis, and the greater Memphis area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, transit availability, pet-friendly communities, features that make it easier to raise kids, 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 Rhodes Apartments

What is a cheap apartment in South Rhodes?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Rhodes is under $895.

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

The cheapest apartment in South Rhodes is Cherry Creek Apartments which is listed at $775, while the average apartment in South Rhodes costs $1,460.

What types of apartments are the cheapest in South Rhodes?

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 23 regular apartments in South Rhodes 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 Rhodes?

Cheap apartments in South Rhodes have an average cost of $600 which is $860 cheaper than the average rent for all rentals in South Rhodes.

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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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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.