Cheap Apartments for Rent in the Southeast Memphis Neighborhood of Memphis, TN from $300 (184 Rentals)

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

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

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Southeast Memphis, Memphis, TN Local Guide

Cheapest Available Southeast Memphis Apartments for Rent

 

The cheapest available apartment rental in the Southeast Memphis area of Memphis, TN is a 1 Bed unit found at El Dorado priced from $545. The Residences at Lakeview has the second lowest priced unit, which is a Studio apartment currently listed from $581. Here are the most affordable Southeast Memphis apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
El Dorado1 Bedroom1BR,1BA$545
The Residences at LakeviewStudioStudio,1BA$581
Emerald Ridge1 bedroom 1 bathroom1BR,1BA$599
New Horizon - Kingsgate1 Bedroom, 1 Bathroom1BR,1BA$617
The Trails at Mt. Moriah1 bed 1 bath C1BR,1BA$673
University CrossingsBrister1BR,1BA$675
Mill Creek Apartments2 Bedroom / 2 Bathroom2BR,2BA$677
Winchester GroveThe Willow - StudioStudio,1BA$684
Creekside Meadows1 Bedroom 1 Bathroom1BR,1BA$688
Sunrise Terrace Apartments1 Bedroom1BR,1BA$690

Best Value Apartments for Rent in Southeast Memphis, TN

As of June 25, 2025 the best value apartment in the Southeast Memphis area is the $0.38 price per square foot Student Housing Per Person Model at 3570 Spottswood Ave in the in the East Memphis neighborhood starting from $750. The second greatest value Southeast Memphis apartment is the Entire home 4 Bedrooms 4 Baths Model at Student Lofts at Brister starting at $800 with a $0.43 price per square foot in the East Memphis neighborhood. Here is today’s list of the best values for Southeast Memphis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3570 Spottswood AveStudent Housing Per Person5BR,5BA$0.38
Student Lofts at BristerEntire home 4 Bedrooms 4 Baths1BR,1BA$0.43
Emerald Square4 bedroom 2.5 bathroom4BR,2.5BA$0.75
Emerald Pointe3 bedroom 2.5 bathroom3BR,2.5BA$0.70
Poplar Place TownhomesRegency2BR,2.5BA$0.86
Shadowbrook Townhomes2 Bedroom w/ Den2BR,1.5BA$0.69
Faronia Square2 bdr 1.5 ba Plan IV2BR,1.5BA$0.75
Plum TreeTwo Bedroom2BR,1.5BA$0.81
Flairwood Apartments2 Beds, 1 bath2BR,1BA$0.79
4659 Cottonwood Rd1 Bed 1 Bath1BR,1BA$0.91

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Southeast Memphis, Memphis, TN

Ranked #2

Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com compares millions of points of data to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States, including Memphis. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Southeast Memphis Apartments

What is a cheap apartment in Southeast Memphis?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Southeast Memphis is under $690.

What is the price of a cheap apartment in Southeast Memphis?

The cheapest apartment in Southeast Memphis is El Dorado which is listed at $545, while the average apartment in Southeast Memphis costs $16,890.

What types of apartments are the cheapest in Southeast Memphis?

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 77 regular apartments in Southeast Memphis 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 Southeast Memphis?

Cheap apartments in Southeast Memphis have an average cost of $381 which is $16,509 cheaper than the average rent for all rentals in Southeast Memphis.

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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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.