Cheap Apartments for Rent in the Southwind Neighborhood of Memphis, TN from $800 (22 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article

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.

Read Article
Showing Results 1-22, Page 1 of 1

Southwind, Memphis, TN Local Guide

Cheapest Available Southwind Apartments for Rent

 

The cheapest available apartment rental in the Southwind area of Memphis, TN is a 1 Bed unit found at The Park at New Castle priced from $835. MAA Southwind has the second lowest priced unit, which is a 1 Bed apartment currently listed from $893. Here are the most affordable Southwind apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
The Park at New Castle1 Bedroom / 1 Bathroom Silver1BR,1BA$835
MAA SouthwindSpyglass1BR,1BA$893
Park at Forest HillA21BR,1BA$904
Southwind Lakes ApartmentsIncome Restricted- 1 bed 1 bath A1BR,1BA$937
The FranklinA31BR,1BA$1,059

Best Value Apartments for Rent in Southwind, TN

As of January 29, 2026 the best value apartment in the Southwind area is the $1.01 price per square foot Two Bedroom Model at Ashland Lakes Apartments in the in the Brooks Manor neighborhood starting from $1,139. The second greatest value Southwind apartment is the SW2 - 2 Bed 2 Bath A Model at Southwind Lakes Apartments starting at $1,600 with a $1.47 price per square foot in the Hickory Ridge-South Riverdale neighborhood. Here is today’s list of the best values for Southwind apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Ashland Lakes ApartmentsTwo Bedroom2BR,2BA$1.01
Southwind Lakes ApartmentsSW2 - 2 Bed 2 Bath A2BR,2BA$1.47
The Oliver Apartment HomesThe Olive2BR,2BA$1.48
Bailey Creek Apartment HomesMeadowlark II2BR,2BA$1.30
Hedgerow Apartments2 Bed 2 Bath2BR,2BA$1.47
The Westbury1x1 - 1st Floor1BR,1BA$1.46
The Wyndham Apartments1 Bedroom1BR,1BA$1.53
Champions Hills at WindykeOne Bed Golf Course Side1BR,1BA$1.43
MAA SouthwindSawgrass1BR,1BA$1.31
Park at Forest HillA21BR,1BA$1.36

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!

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Southwind, Memphis, TN

Ranked #30

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

Lifestyle Ratings

This website works hard to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States, including Memphis. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, pet-friendly features, places to raise kids, proximity to transit, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Southwind Apartments

What is a cheap apartment in Southwind?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Southwind is under $1,189.

What is the price of a cheap apartment in Southwind?

The cheapest apartment in Southwind is The Park at New Castle which is listed at $835, while the average apartment in Southwind costs $1,917.

What types of apartments are the cheapest in Southwind?

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 6 regular apartments in Southwind 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 Southwind?

Cheap apartments in Southwind have an average cost of $184 which is $1,733 cheaper than the average rent for all rentals in Southwind.

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

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.