Cheap Apartments for Rent in the Southwind Neighborhood of Memphis, TN from $700 (21 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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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 Riverdale priced from $790. 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
Riverdale1 Bed, 1 bath1BR,1BA$790
The Park at New Castle1 Bedroom / 1 Bathroom Silver1BR,1BA$835
Park at Forest HillA21BR,1BA$889
Southwind Lakes ApartmentsIncome Restricted - 1 bed 1 bath B1BR,1BA$937
MAA SouthwindSpyglass1BR,1BA$943

Best Value Apartments for Rent in Southwind, TN

As of October 29, 2025 the best value apartment in the Southwind area is the $1.32 price per square foot SW2 3x2 Renovated Model at Southwind Lakes Apartments in the in the Hickory Ridge-South Riverdale neighborhood starting from $1,825. The second greatest value Southwind apartment is the Bradley Model at Irene Woods Apartments starting at $1,469 with a $1.34 price per square foot in the Windyke-Southwind 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.
Southwind Lakes ApartmentsSW2 3x2 Renovated3BR,2BA$1.32
Irene Woods ApartmentsBradley2BR,2BA$1.34
Hedgerow Apartments2 Bed 2 Bath2BR,2BA$1.39
The Westbury1x1 - 1st Floor1BR,1BA$1.28
Ashland Lakes ApartmentsOne Bedroom1BR,1BA$1.15
The FranklinA3R1BR,1BA$1.66
Champions Hills at Windyke1br Front/Top1BR,1BA$1.32
Centennial GardensCape Cod1BR,1BA$1.61
Park at Forest HillA11BR,1BA$1.54
Riverdale1 Bed, 1 bath1BR,1BA$1.32

Apartment Common Area Rules: What Renters Need to Know

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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Pet Friendly Lifestyle
Southwind, Memphis, TN

Ranked #32

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

Pet Friendliness Lifestyle Score

2.5
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 price of a cheap apartment in Southwind?

The cheapest apartment in Southwind is Riverdale which is listed at $790, while the average apartment in Southwind costs $1,922.

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 5 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 $109 which is $1,813 cheaper than the average rent for all rentals in Southwind.

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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Affordable Memphis: The Best Lower Priced Neighborhoods with Character

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

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.