Cheap Apartments for Rent in the Toni Pendleton Neighborhood of Memphis, TN from $500 (24 Rentals)

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

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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 1 Bed unit found at El Dorado priced from $551. New Horizon - Kingsgate has the second lowest priced unit, which is a Studio apartment currently listed from $577. Here are the most affordable Toni Pendleton apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
El Dorado1 Bedroom1BR,1BA$551
New Horizon - KingsgateEffStudio,1BA$577
Creekside Meadows1 Bedroom 1 Bathroom1BR,1BA$646
Sunrise Terrace Apartments1 Bedroom1BR,1BA$690
Coronado Manor1 bedroom1BR,1BA$699

Best Value Apartments for Rent in Toni Pendleton, TN

As of July 30, 2025 the best value apartment in the Toni Pendleton area is the $0.38 price per square foot Student Housing Per Person Model at 3570 Spottswood Ave in the in the East Memphis neighborhood starting from $750. The second greatest value Toni Pendleton apartment is the Entire home 4 Bedrooms 4 Baths Model at Student Lofts at Brister starting at $775 with a $0.42 price per square foot in the East Memphis 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.
3570 Spottswood AveStudent Housing Per Person5BR,5BA$0.38
Student Lofts at BristerEntire home 4 Bedrooms 4 Baths1BR,1BA$0.42
Shadowbrook Townhomes2 Bedroom w/ Den2BR,1.5BA$0.69
Imperial Arms ApartmentsImperial Arms2BR,1BA$0.97
Sherwood ApartmentsB22BR,1BA$1.08
Grainge Hill Apartments2 Bed / 1.5 Bath2BR,1.5BA$1.08
El Dorado2 Bedroom2BR,1.5BA$0.99
Sunrise Terrace Apartments1 Bedroom1BR,1BA$0.99
WoodlakeOne Bedroom1BR,1BA$1.05
Creekside Meadows1 Bedroom 1 Bathroom1BR,1BA$0.99

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Pet Friendly Lifestyle
Toni Pendleton, Memphis, TN

Ranked #40

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Toni Pendleton Apartments

What is a cheap apartment in Toni Pendleton?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Toni Pendleton is under $799.

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

The cheapest apartment in Toni Pendleton is El Dorado which is listed at $549, while the average apartment in Toni Pendleton costs $3,750.

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 13 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 $1,506 which is $2,244 cheaper than the average rent for all rentals in Toni Pendleton.

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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.