Cheap Apartments for Rent in the Southwind Neighborhood of Memphis, TN from $700 (54 Rentals)

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

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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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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
Park at Forest HillA21BR,1BA$936
Southwind Lakes ApartmentsIncome Restricted - 1 bed 1 bath B1BR,1BA$937
MAA SouthwindSawgrass1BR,1BA$1,013
FieldstoneA11BR,1BA$1,119
The Wyndham Apartments1 Bedroom1BR,1BA$1,212
The Westbury1x1 - 1st Floor1BR,1BA$1,217
Waterford Place Apartment HomesOne Bedroom - 679 sqft1BR,1BA$1,225

Best Value Apartments for Rent in Southwind, TN

As of May 06, 2026 the best value apartment in the Southwind area is the $1.31 price per square foot Two Bedroom Upstair With Sunro Model at Champions Hills at Windyke in the in the Windyke-Southwind neighborhood starting from $1,497. 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.
Champions Hills at WindykeTwo Bedroom Upstair With Sunro2BR,2BA$1.31
Ashland Lakes ApartmentsTwo Bedroom2BR,2BA$1.01
Southwind Lakes ApartmentsSW2 2x2 A Renovated2BR,2BA$1.51
The Oliver Apartment HomesThe Olive2BR,2BA$1.47
Irene Woods ApartmentsCandace2BR,1BA$1.44
Hedgerow Apartments2 Bed 2 Bath2BR,2BA$1.39
The Westbury1x1 - 1st Floor1BR,1BA$1.37
MAA SouthwindSawgrass1BR,1BA$1.47
Park at Forest HillA21BR,1BA$1.35
Riverdale1 Bed, 1 bath1BR,1BA$1.44

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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.

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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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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 #25

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 $1,278.

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 $935 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.

Articles, How-To's, and Tips

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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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.