Cheap Apartments for Rent in the South Rhodes Neighborhood of Memphis, TN from $400 (74 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Rhodes area of Memphis.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Addison 1 Apartments
2 Bedroom Apartments

Addison 1 Apartments

3300 Southern AveMemphis, TN 38111
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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
  • Utilities Included

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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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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3969 Southlawn Ave
1 to 2 Bedroom Apartments

3969 Southlawn Ave

3969 Southlawn AveMemphis, TN 38111
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Thompson Heights
2 Bedroom Apartments

Thompson Heights

1566 Stribling StMemphis, TN 38111
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Rhodes Townhomes
2 Bedroom Apartments

Rhodes Townhomes

3640 Rhodes AveMemphis, TN 38111
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Barron Court
2 Bedroom Apartments

Barron Court

3015 Barron AveMemphis, TN 38114

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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Eden Pointe
1 to 2 Bedroom Apartments

Eden Pointe

3187-3194 E Danville CirMemphis, TN 38118
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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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The Junction
Studio to 2 Bedroom Apartments

The Junction

3427 Southern AveMemphis, TN 38111
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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 Embassy Apartments
Studio to 3 Bedroom Apartments

The Embassy Apartments

505 S Perkins RdMemphis, TN 38117
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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 1 Bed unit found at 3969 Southlawn Ave priced from $650. Barron Court has the second lowest priced unit, which is a 2 Beds apartment currently listed from $676. Here are the most affordable South Rhodes apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
3969 Southlawn Ave1 Beds, 1 Baths1BR,1BA$650
Barron CourtBarron Court 2 Bedroom 1 Bath2BR,1BA$676
Audubon Park PlaceStudioStudio,1BA$695
Cherry Creek Apartments1 Bedroom, 1 Bath1BR,1BA$750
Southernwood Apartments1 BR/ 1 BA1BR,1BA$750
The JunctionThe Engineer1BR,1BA$767
Woodtrail Apartment1/11BR,1BA$795
Imperial Arms ApartmentsImperial Arms2BR,1BA$795
3523-3539 Clayphil Ave2 Beds, 1 Baths2BR,1BA$800
University Highlands Apartments2BD 1BA2BR,1BA$850

Best Value Apartments for Rent in South Rhodes, TN

As of June 14, 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 C2 Model at Sherwood Flats starting at $1,175 with a $1.05 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 FlatsC23BR,2BA$1.05
Woodtrail Apartment2/1.52BR,1.5BA$1.03
Spottswood Manor2 Bedroom Townhome2BR,1.5BA$0.93
Imperial Arms ApartmentsImperial Arms2BR,1BA$0.86
3523-3539 Clayphil Ave2 Beds, 1 Baths2BR,1BA$0.88
The Nine at Memphis2Bed / 2Bath A2BR,2BA$0.97
University Highlands Apartments2BD 1BA2BR,1BA$1.06
Southernwood Apartments1 BR/ 1 BA1BR,1BA$0.96
Barron CourtBarron Court 2 Bedroom 1 Bath2BR,1BA$0.87

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 #86

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 the price of a cheap apartment in South Rhodes?

The cheapest apartment in South Rhodes is 3969 Southlawn Ave which is listed at $650, while the average apartment in South Rhodes costs $1,125.

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 17 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 $258 which is $867 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.

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