Cheap Apartments for Rent in the Southeast Memphis Neighborhood of Memphis, TN from $400 (202 Rentals)

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Affordable Memphis: The Best Neighborhoods with Character and Lower Rents

Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.

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

Apartment ListingModel NameBed/BathPriced From
The Residences at LakeviewStudioStudio,1BA$581
El Dorado1 Bedroom1BR,1BA$581
Emberly (NEW)1 Bedroom, 1 Bathroom1BR,1BA$598
Emerald Ridge1 bedroom 1 bathroom1BR,1BA$599
Yugo Memphis Southern4 Bed, 4 Bath Classic4BR,4BA$599
Monarch on HighlandMHLA11BR,1BA$600
Pinetree Place Apartments2 Bedroom Basic Remodel2BR,1BA$625
Bantam Springbrook ApartmentsStudioStudio,1BA$675
Winchester GroveThe Willow - StudioStudio,1BA$684
Graceland Pointe Apartments: Modern Style, Excellent Value in MemphisA11BR,1BA$695

Best Value Apartments for Rent in Southeast Memphis, TN

As of March 13, 2026 the best value apartment in the Southeast Memphis area is the $0.36 price per square foot Private Room Model at 1791 Whitman Rd in the in the South Memphis neighborhood starting from $800. The second greatest value Southeast Memphis apartment is the Entire home 4 Bedrooms 4 Baths Model at Student Lofts at Brister starting at $695 with a $0.38 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.
1791 Whitman RdPrivate Room5BR,1BA$0.36
Student Lofts at BristerEntire home 4 Bedrooms 4 Baths1BR,1BA$0.38
Emerald Square4 bedroom 2.5 bathroom4BR,2.5BA$0.75
Emerald Pointe3 bedroom 2.5 bathroom3BR,2.5BA$0.70
Ridgewyck Townhomes2 Bedroom2BR,2BA$0.80
Shadowbrook Townhomes2 Bedroom w/ Den2BR,1.5BA$0.69
Ridgeway PinesTwo Bedroom2BR,1.5BA$0.86
Hickory Hills3 Bedroom3BR,2BA$0.86
Imperial Arms ApartmentsImperial Arms2BR,1BA$0.86
1154 Wilson StOne Bed One Bath1BR,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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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
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 $695.

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

The cheapest apartment in Southeast Memphis is El Dorado which is listed at $581, while the average apartment in Southeast Memphis costs $8,828.

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 252 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 $213 which is $8,615 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.

Articles, How-To's, and Tips

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Affordable Memphis: The Best Lower Priced Neighborhoods with Character

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I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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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.