Cheap Homes for Rent in South Rhodes Neighborhood of Memphis, TN from $500 (21 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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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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Showing Results 1-21, 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
Barron CourtBarron Court 2 Bedroom 1 Bath2BR,1BA$739
Audubon Park PlaceStudio/1BAStudio,1BA$745
Cherry Creek Apartments1 Bedroom, 1 Bath1BR,1BA$775

Best Value Apartments for Rent in South Rhodes, TN

As of January 13, 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$1.11
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$0.95
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

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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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 #79

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 105 Apartments for Rent in South Rhodes, TN with pricing that ranges from $599 to $1,775. There are also 163 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 $1,234.

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 $1,495, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $2,100. Four Bedroom Single-Family rentals are also available starting from $950 and Four Bedroom Apartments start at $599.

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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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.

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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.