Cheap Apartments for Rent in the Southern Shelby County Neighborhood of Memphis, TN from $600 (66 Rentals)

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

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The Local Memphis Expert's Guide to Renting Near the City's Top Employers

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Affordable Memphis: The Best Neighborhoods with Character and Lower Rents

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Inland Suites Lamar
1 Bedroom Apartments

Inland Suites Lamar

3913 Lamar AveMemphis, TN 38118
Corporate Housing
  • Utilities Included
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Windsor Place
1 to 3 Bedroom Apartments

Windsor Place

5267 Knight Arnold RdMemphis, TN 38118
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Verano Townhomes
1 to 3 Bedroom Apartments

Verano Townhomes

4544 Willow Creek DrMemphis, TN 38118
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Corner Park
Studio to 2 Bedroom Apartments

Corner Park

4150 Winchester RdMemphis, TN 38118
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Dogwood Trace
1 to 2 Bedroom Apartments

Dogwood Trace

4635 Forest Oak WayMemphis, TN 38118

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Southern Shelby County, Memphis, TN Local Guide

Cheapest Available Southern Shelby County Apartments for Rent

 

The cheapest available apartment rental in the Southern Shelby County area of Memphis, TN is a 1 Bed unit found at Pinebrook Pointe priced from $626. Emerald Ridge Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here are the most affordable Southern Shelby County apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Pinebrook Pointe1 Bedroom 1 bathroom1BR,1BA$626
Emerald Ridge Apartments1 bedroom 1 bathroom1BR,1BA$650
Emerald Park Apartments1 bedroom 1 bathroom1BR,1BA$650
Lakes at Ridgeway1 BR 1Bath1BR,1BA$750
The Residence Village Green1 Bedroom 1 Bathroom1BR,1BA$750
The Park at Paisley1 Bedroom / 1 Bathroom1BR,1BA$760
Ashland Lakes ApartmentsOne Bedroom1BR,1BA$782
Cedar Run1x11BR,1BA$785
Hickory Farms1 Bedroom, 1 Bathroom1BR,1BA$799
The Bowery1 Bed 1 Bath Classic1BR,1BA$808

Best Value Apartments for Rent in Southern Shelby County, TN

As of July 24, 2026 the best value apartment in the Southern Shelby County area is the $0.70 price per square foot 3 bedroom 2.5 bathroom Model at Emerald Pointe in the in the Oakhaven neighborhood starting from $1,099. The second greatest value Southern Shelby County apartment is the 2 Bedroom Model at Ridgewyck Townhomes starting at $1,100 with a $0.88 price per square foot in the Oakhaven neighborhood. Here is today’s list of the best values for Southern Shelby County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Emerald Pointe3 bedroom 2.5 bathroom3BR,2.5BA$0.70
Ridgewyck Townhomes2 Bedroom2BR,2BA$0.88
Shadowbrook Townhomes2 Bedroom w/ Den2BR,1.5BA$0.69
Autumn Ridge ApartmentsThree Bedroom Two Bathroom3BR,2BA$0.99
Ashland Lakes ApartmentsTwo Bedroom2BR,2BA$1.01
Twin Oaks2 Bedroom, 1.5 Bathroom TH2BR,1BA$0.87
Emerald Park Apartments2 bedroom 1.5 bathroom2BR,1.5BA$0.93
Aspen Parc2 Bedroom2BR,1.5BA$0.90
Pinebrook Pointe1 Bedroom 1 bathroom1BR,1BA$0.96
Emerald Ridge Apartments1 bedroom 1 bathroom1BR,1BA$1.00

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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Lifestyle Ratings

ApartmentHomeLiving.com is happy to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Southern Shelby County, Memphis, and the greater Memphis area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, transit availability, pet-friendly communities, family-friendliness, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Southern Shelby County Apartments

How much is rent for a Cheap One Bedroom Southern Shelby County Apartment?

The lowest price for a Cheap One Bedroom Southern Shelby County Apartment is $626 at Pinebrook Pointe.

What is the lowest price for a Cheap Two Bedroom Southern Shelby County Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Southern Shelby County is starting from $825 at Cedar Run.

What is the most affordable Southern Shelby County Three Bedroom Apartment?

The best deal on a cheap Southern Shelby County Three Bedroom Apartment rental is at Emerald Ridge Apartments and starts from $949.

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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Memphis, Tennessee: A Local Expert's 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.

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The Local Memphis Expert's Guide to Renting Near the Citys Top Employers

Written by: Joshua Carlucci

I'm Josh, your ApartmentHomeLiving.

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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.

decorative image for Affordable Memphis: The Best Lower Priced Neighborhoods with Character article

Affordable Memphis: The Best Lower Priced Neighborhoods with Character

Written by: Joshua Carlucci

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

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

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The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.