Cheap Homes for Rent in Southeast Memphis Neighborhood of Memphis, TN from $400 (140 Rentals)

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Search the lowest-cost Homes 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

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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property at 3449 Southern Ave

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875
Total Monthly Price
$875

1 Bedroom, 1 Bath Condo for Rent

Available Now

3449 Southern Ave, Unit 3453 - 102

3449 Southern Ave
MemphisTN38111

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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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 $573. 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$573
The Residences at LakeviewStudioStudio,1BA$581
Creekside Meadows1 Bedroom 1 Bathroom1BR,1BA$592
Monarch on HighlandMHLA11BR,1BA$600
Pinetree Place Apartments2 Bedroom Basic Remodel2BR,1BA$625
Windsor Place1X1B1BR,1BA$645
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR,1BA$648
Pinebrook Pointe1 Bedroom 1 bathroom1BR,1BA$650
Emerald Park Apartments1 bedroom 1 bathroom1BR,1BA$650

Best Value Apartments for Rent in Southeast Memphis, TN

As of June 14, 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 4 bedroom 2.5 bathroom Model at Emerald Square Apartments starting at $1,399 with a $0.87 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 Square Apartments4 bedroom 2.5 bathroom4BR,2.5BA$0.87
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
Brentwood Parc2 Bed/ 2 Bath Towhnome2BR,2BA$0.83
Imperial Arms ApartmentsImperial Arms2BR,1BA$0.86
Whispering Pines1BR/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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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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Frequently Asked Questions about Southeast Memphis

What type of rentals are currently available in Southeast Memphis?

There are currently 549 Apartments for Rent in Southeast Memphis, TN with pricing that ranges from $495 to $3,745. There are also 571 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southeast Memphis ranging from $495 to $6,000.

What is the current price range for Rental Homes in Southeast Memphis?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Southeast Memphis ranges from $495 to $6,000 with an average monthly rent of $2,120.

How much are larger Three and Four Bedroom Rentals in Southeast Memphis?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Southeast Memphis range from $600 to $3,732, while Three Bedroom Homes, Condos, and Townhomes for rent range from $925 to $2,950. Four Bedroom Single-Family rentals are also available starting from $895 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.

Helpful Local Expert Guides

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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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College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive

Written by: Joshua Carlucci

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

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The Local Memphis Experts Guide to Renting Near the Citys Top Employers

Written by: Joshua Carlucci

I'm Josh, your ApartmentHomeLiving.

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Memphis, Tennessee: A Local Experts Insider Guide to the Bluff City

Written by: Joshua Carlucci

Hello from Memphis, Tennessee. I'm Josh, your ApartmentHomeLiving.com Local Expert for Memphis, and I spent years in this city eating, writing, cooking, studying, and getting to know it block by block.

Articles, How-To's, and Tips

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.