Cheap Apartments for Rent in the Toni Pendleton Neighborhood of Memphis, TN from $500 (29 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Toni Pendleton 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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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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Coronado Manor
1 to 3 Bedroom Apartments

Coronado Manor

2459 Ketchum RdMemphis, TN 38114
  • Utilities Included
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Cedar Creek Apartments
Studio to 2 Bedroom Apartments

Cedar Creek Apartments

3365 Steve RdMemphis, TN 38111
  • Utilities Included
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Cherokee Cabana
2 Bedroom Apartments

Cherokee Cabana

3204 Sharpe RdMemphis, TN 38111

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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Showing Results 1-29, Page 1 of 1

Toni Pendleton, Memphis, TN Local Guide

Cheapest Available Toni Pendleton Apartments for Rent

 

The cheapest available apartment rental in the Toni Pendleton area of Memphis, TN is a Studio unit found at Emberly Apartments priced from $547. El Dorado has the second lowest priced unit, which is a 1 Bed apartment currently listed from $562. Here are the most affordable Toni Pendleton apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Emberly ApartmentsEFFStudio,1BA$547
El Dorado1 Bedroom1BR,1BA$562
Creekside Meadows1 Bedroom 1 Bathroom1BR,1BA$581
Audubon Park PlaceStudioStudio,1BA$695
Sunrise Terrace Apartments1 Bedroom1BR,1BA$700
WoodlakeOne Bedroom1BR,1BA$735
Brentwood Parc2 Bed/ 2 Bath2BR,1BA$750
1831 Castalia St1 Bed 1 Bath1BR,1BA$750
Southernwood Apartments1 BR/ 1 BA1BR,1BA$750
Whispering Pines Apartments1BR/1BA1BR,1BA$750

Best Value Apartments for Rent in Toni Pendleton, TN

As of June 14, 2026 the best value apartment in the Toni Pendleton area is the $0.38 price per square foot Entire home 4 Bedrooms 4 Baths Model at Student Lofts at Brister in the in the East Memphis neighborhood starting from $695. The second greatest value Toni Pendleton 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 Toni Pendleton apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Student Lofts at BristerEntire home 4 Bedrooms 4 Baths1BR,1BA$0.38
Shadowbrook Townhomes2 Bedroom w/ Den2BR,1.5BA$0.69
Brentwood Parc2 Bed/ 2 Bath Towhnome2BR,2BA$0.83
Spottswood Manor2 Bedroom Townhome2BR,1.5BA$0.93
Imperial Arms ApartmentsImperial Arms2BR,1BA$0.86
Whispering Pines1BR/1BA1BR,1BA$0.83
The Nine at Memphis2Bed / 2Bath A2BR,2BA$0.97
Southernwood Apartments1 BR/ 1 BA1BR,1BA$0.96
Creekside Meadows1 Bedroom 1 Bathroom1BR,1BA$0.92
El Dorado1 Bedroom1BR,1BA$1.00

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
Toni Pendleton, Memphis, TN

Ranked #56

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap Toni Pendleton Apartments

What is the price of a cheap apartment in Toni Pendleton?

The cheapest apartment in Toni Pendleton is El Dorado which is listed at $573, while the average apartment in Toni Pendleton costs $1,038.

What types of apartments are the cheapest in Toni Pendleton?

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 17 regular apartments in Toni Pendleton 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 Toni Pendleton?

Cheap apartments in Toni Pendleton have an average cost of $167 which is $871 cheaper than the average rent for all rentals in Toni Pendleton.

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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