Cheap Apartments for Rent in the Southern Shelby County Neighborhood of Memphis, TN from $400 (41 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Southern Shelby County 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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Dogwood Trace
1 to 2 Bedroom Apartments

Dogwood Trace

4635 Forest Oak WayMemphis, TN 38118
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Windsor Place
1 Bedroom Apartments

Windsor Place

5267 Knight Arnold RdMemphis, TN 38118

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

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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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Corner Park
Studio to 2 Bedroom Apartments

Corner Park

4150 Winchester RdMemphis, TN 38118
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Verano Townhomes
1 to 3 Bedroom Apartments

Verano Townhomes

4544 Willow Creek DrMemphis, TN 38118
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Lakes At Ridgeway
2 Bedroom Apartments

Lakes At Ridgeway

5995 Waterstone Oak WayMemphis, TN 38115
Showing Results 1-41, Page 1 of 1

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 Emerald Ridge priced from $599. Emerald Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here are the most affordable Southern Shelby County apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Emerald Ridge1 bedroom 1 bathroom1BR,1BA$599
Emerald ParkA11BR,1BA$699
Pinebrook Pointe1 Bedroom 1 bathroom1BR,1BA$699
Windsor Place1X1D1BR,1BA$725
The District ApartmentsUptown - 1 Bed, 1 Bath Studio1BR,1BA$749
The Bowery1x1 classic1BR,1BA$775
The Local ApartmentsRoss - 1 Bed, 1 Bath1BR,1BA$785
Stone Ridge at Germantown FallsStudio1BR,1BA$790
Hickory Farms1 Bedroom, 1 Bathroom1BR,1BA$795
The Residence Village Green1 Bedroom 1 Bathroom1BR,1BA$825

Best Value Apartments for Rent in Southern Shelby County, TN

As of June 18, 2025 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 w/ Den Model at Shadowbrook Townhomes starting at $850 with a $0.69 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
Shadowbrook Townhomes2 Bedroom w/ Den2BR,1.5BA$0.69
Plum TreeTwo Bedroom2BR,1.5BA$0.81
Cedar Run Apartments3 Bedroom 2 Bath3BR,2BA$1.02
Southwind Lakes ApartmentsIncome Restricted- 2 bed 2 bath A2BR,2BA$1.03
Hickory ForestTwo Bed Townhome2BR,2.5BA$1.01
Ridgewyck Townhomes1 Bedroom1BR,1BA$1.04
Emerald Ridge2 bedroom 1 bathroom2BR,1BA$0.98
Emerald ParkA11BR,1BA$0.98
Pinebrook Pointe1 Bedroom 1 bathroom1BR,1BA$1.07

Quick Rent Budget Calculator

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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!

Getting Around the Southern Shelby County Neighborhood in Memphis, TN

Walk Score®

24 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

31 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

21 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Southern Shelby County Apartments

What is the Cheapest Studio apartment in Southern Shelby County?

Currently the most affordable Cheap Studio Apartment in Southern Shelby County is at The Villas at Germantown listed at $1,172.

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 $599 at Emerald Ridge.

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 $799 at Pinebrook Pointe.

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 and starts from $849.

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.