Cheap Homes for Rent in Toni Pendleton Neighborhood of Memphis, TN from $700 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Toni Pendleton area of Memphis.

2828 Heber Ave

3002 Southwall St
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.

2723 Filmore Ave

2601 Kenner Ave

2709 Henley Dr
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.
Toni Pendleton, Memphis, TN Local Guide

How much does it cost to rent a home in Toni Pendleton?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Toni Pendleton 2 Bedroom Homes for Rent | $870 | $750 | $1,050 |
| Toni Pendleton 3 Bedroom Homes for Rent | $1,193 | $995 | $1,400 |
| Toni Pendleton 4 Bedroom Homes for Rent | $1,615 | $1,495 | $1,750 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Toni Pendleton Neighborhood of Memphis, TN.
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Toni Pendleton, Memphis, TN Local Guide
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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 Coronado Manor priced from $500. El Dorado has the second lowest priced unit, which is a 1 Bed apartment currently listed from $561. Here are the most affordable Toni Pendleton apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Coronado Manor | 1 bedroom | 1BR,1BA | $500 |
| El Dorado | 1 Bedroom | 1BR,1BA | $561 |
| Yugo Memphis Southern | 4 Bed, 4 Bath Classic | 4BR,4BA | $599 |
Best Value Apartments for Rent in Toni Pendleton, TN
As of December 11, 2025 the best value apartment in the Toni Pendleton area is the $0.35 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 $650. The second greatest value Toni Pendleton apartment is the 2 Bedroom w/ Den Model at Shadowbrook Townhomes starting at $800 with a $0.65 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Student Lofts at Brister | Entire home 4 Bedrooms 4 Baths | 1BR,1BA | $0.35 |
| Shadowbrook Townhomes | 2 Bedroom w/ Den | 2BR,1.5BA | $0.65 |
| Sherwood Flats | Spacious 3-Bedroom Apartment with In-Unit Washe... | 3BR,2BA | $1.04 |
| Spottswood Manor | 2 Bedroom Townhome | 2BR,1.5BA | $0.93 |
| Imperial Arms Apartments | Imperial Arms | 2BR,1BA | $0.97 |
| Emberly Apartments | Diamond Remodel - 2 Bedroom, 1.5 Bathroom | 2BR,1.5BA | $1.03 |
| Thompson Heights | Amazing Unit | 2BR,1BA | $0.81 |
| El Dorado | 2 Bedroom | 2BR,1.5BA | $1.01 |
| Sunrise Terrace Apartments | 1 Bedroom | 1BR,1BA | $0.99 |
| Creekside Meadows | 1 Bedroom 1 Bathroom | 1BR,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!
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleQuick Rent Budget Calculator
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Pet Friendly LifestyleToni Pendleton, Memphis, TN
Ranked #46
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Toni Pendleton
What type of rentals are currently available in Toni Pendleton?
There are currently 41 Apartments for Rent in Toni Pendleton, TN with pricing that ranges from $500 to $1,795. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Toni Pendleton ranging from $750 to $1,750.
What is the current price range for Rental Homes in Toni Pendleton?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Toni Pendleton ranges from $750 to $1,750 with an average monthly rent of $1,226.
How much are larger Three and Four Bedroom Rentals in Toni Pendleton?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Toni Pendleton range from $759 to $1,795, while Three Bedroom Homes, Condos, and Townhomes for rent range from $995 to $1,400. Four Bedroom Single-Family rentals are also available starting from $1,495 and Four Bedroom Apartments start at $599.
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

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
