Cheap Apartments for Rent in the Southeast Memphis Neighborhood of Memphis, TN from $400 (370 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Southeast Memphis 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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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

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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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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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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 Studio unit found at Emberly Apartments priced from $547. El Dorado has the second lowest priced unit, which is a 1 Bed apartment currently listed from $562. Here are the most affordable Southeast Memphis apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Emberly ApartmentsEFFStudio,1BA$547
El Dorado1 Bedroom1BR,1BA$562
Creekside Meadows1 Bedroom 1 Bathroom1BR,1BA$581
The Residences at LakeviewStudioStudio,1BA$581
Monarch on HighlandMHLA11BR,1BA$600
Pinetree Place Apartments2 Bedroom Basic Remodel2BR,1BA$625
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR,1BA$643
Windsor Place1X1B1BR,1BA$645
Emerald Park Apartments1 bedroom 1 bathroom1BR,1BA$650
Pinebrook Pointe1 Bedroom 1 bathroom1BR,1BA$650

Best Value Apartments for Rent in Southeast Memphis, TN

As of June 12, 2026 the best value apartment in the Southeast Memphis 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 Southeast Memphis apartment is the 2 bedroom 1.5 bathroom Model at Emerald Pointe starting at $899 with a $0.57 price per square foot in the Oakhaven 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.
Student Lofts at BristerEntire home 4 Bedrooms 4 Baths1BR,1BA$0.38
Emerald Pointe2 bedroom 1.5 bathroom2BR,1.5BA$0.57
Sutton at Shelby3 Bedroom 2 Bathroom3BR,2BA$0.87
Shadowbrook Townhomes2 Bedroom w/ Den2BR,1.5BA$0.69
Ridgeway PinesTwo Bedroom2BR,1.5BA$0.86
Twin Oaks2 Bedroom, 1.5 Bathroom TH2BR,1BA$0.87
Brentwood Parc2 Bed/ 2 Bath Towhnome2BR,2BA$0.83
Imperial Arms ApartmentsImperial Arms2BR,1BA$0.86
Whispering Pines Apartments1BR/1BA1BR,1BA$0.83
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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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
Southeast Memphis, Memphis, TN

Ranked #1

Among cities in Tennessee 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 $650.

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

The cheapest apartment in Southeast Memphis is El Dorado which is listed at $562, while the average apartment in Southeast Memphis costs $1,303.

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 124 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 $173 which is $1,130 cheaper than the average rent for all rentals in Southeast Memphis.

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.

Helpful Local Expert Guides

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