Cheap Homes for Rent in South Rhodes Neighborhood of Memphis, TN from $500 (19 Rentals)

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

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Showing Results 1-19, Page 1 of 1

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
Camelot Manor1 Bed, 1 bath1BR,1BA$725
Audubon Park PlaceStudio/1BAStudio,1BA$745
Azure Place Apartments1 Bedroom C1BR,1BA$755

Best Value Apartments for Rent in South Rhodes, TN

As of November 28, 2025 the best value apartment in the South Rhodes area is the $0.32 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 $595. 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$0.32
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
Getwell Pointe ApartmentsLimited-Time Offer: Save $600 On Your New Apart...2BR,1.5BA$1.18
Thompson HeightsAmazing Unit2BR,1BA$0.81
Yugo Memphis Southern2 Bed, 2 Bath Plus2BR,2BA$1.14
Barron CourtBarron Court 2 Bedroom 1 Bath2BR,1BA$1.02
Cherry Creek Apartments2 Bedroom, 1 Bath2BR,1BA$1.06
Camelot Manor1 Bed, 1 bath1BR,1BA$1.12

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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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 #70

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about South Rhodes

What type of rentals are currently available in South Rhodes?

There are currently 102 Apartments for Rent in South Rhodes, TN with pricing that ranges from $599 to $1,775. There are also 158 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Rhodes ranging from $595 to $2,550.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Rhodes ranges from $595 to $2,550 with an average monthly rent of $1,215.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in South Rhodes range from $759 to $1,165, while Three Bedroom Homes, Condos, and Townhomes for rent range from $795 to $1,850. Four Bedroom Single-Family rentals are also available starting from $1,150 and Four Bedroom Apartments start at $599.

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.