Cheap Apartments for Rent in the Southwind Neighborhood of Memphis, TN from $700 (46 Rentals)

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

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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

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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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Showing Results 1-46, 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 Ashland Lakes Apartments priced from $782. The Park at New Castle has the second lowest priced unit, which is a 1 Bed apartment currently listed from $835. Here are the most affordable Southwind apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Ashland Lakes ApartmentsOne Bedroom1BR,1BA$782
The Park at New Castle1 Bedroom / 1 Bathroom Silver1BR,1BA$835
Riverdale1 Bed, 1.5 baths1BR,1BA$860
MAA SouthwindSpyglass1BR,1BA$938
Champions Hills at WindykeOne Bedroom Upstairs W/Sunroom1BR,1BA$1,071
The FranklinA11BR,1BA$1,083
Waterford Place Apartment HomesOne Bedroom - 679 sqft1BR,1BA$1,095
Park at Forest HillB12BR,2BA$1,139
Southwind Lakes ApartmentsSW1 1 bed 1 bath Downstairs1BR,1BA$1,150
Hedgerow Apartments2 Bed 2 Bath2BR,2BA$1,200

Best Value Apartments for Rent in Southwind, TN

As of June 22, 2026 the best value apartment in the Southwind area is the $1.55 price per square foot 3x2 - 2nd Floor Model at The Westbury in the in the Windyke-Southwind neighborhood starting from $2,262. The second greatest value Southwind apartment is the Two Bedroom Model at Ashland Lakes Apartments starting at $1,139 with a $1.01 price per square foot in the Brooks Manor 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.
The Westbury3x2 - 2nd Floor3BR,2BA$1.55
Ashland Lakes ApartmentsTwo Bedroom2BR,2BA$1.01
Southwind Lakes ApartmentsSW2 2x2 Renovated2BR,2BA$1.42
Hedgerow Apartments2 Bed 2 Bath2BR,2BA$1.24
Champions Hills at WindykeOne Bed Golf Course Side1BR,1BA$1.36
The Preserve at Forest CreekButtonwood1BR,1BA$1.61
Centennial GardensCape Cod1BR,1BA$1.61
The Wyndham Apartments1 Bedroom1BR,1BA$1.61
Riverdale1 Bed, 1 bath1BR,1BA$1.44
The Park at New Castle1 Bedroom / 1 Bathroom Silver1BR,1BA$1.57

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
Southwind, Memphis, TN

Ranked #26

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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 the Cheapest Studio apartment in Southwind?

Currently the most affordable Cheap Studio Apartment in Southwind is at The Villas at Germantown Apartments listed at $1,203.

How much is rent for a Cheap One Bedroom Southwind Apartment?

The lowest price for a Cheap One Bedroom Southwind Apartment is $782 at Ashland Lakes Apartments.

What is the lowest price for a Cheap Two Bedroom Southwind Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Southwind is starting from $970 at The Park at New Castle.

What is the most affordable Southwind Three Bedroom Apartment?

The best deal on a cheap Southwind Three Bedroom Apartment rental is at Riverdale and starts from $1,335.

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.

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