
Cheap Apartments for Rent in the Westwood Neighborhood of Memphis, TN from $400 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in the Westwood area of Memphis.


Weaver Fields Apartments
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.

Valley Forge

Fairway Manor Senior Living
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.

Harold Ford Senior Villas
Westwood, Memphis, TN Local Guide

How much does it cost to rent an apartment in Westwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Westwood 1 Bedroom Apartments | $712 | $700 | $725 |
| Westwood 2 Bedroom Apartments | $856 | $825 | $900 |
| Westwood 3 Bedroom Apartments | $1,074 | $895 | $1,565 |
| Westwood 4 Bedroom Apartments | $1,497 | $1,395 | $1,600 |
Browse Apartments in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Westwood Neighborhood of Memphis, TN.
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Westwood, Memphis, TN Local Guide
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Cheapest Available Westwood Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Wesley Forest | 1x1Wesley Forest | 1BR,1BA | $700 |
| Weaver Fields Apartments | One | 1BR,1BA | $725 |
Best Value Apartments for Rent in Westwood, TN
As of June 10, 2026 the best value apartment in the Westwood area is the $0.94 price per square foot One Model at Weaver Fields Apartments in the in the South Memphis neighborhood starting from $725. The second greatest value Westwood apartment is the 1x1Wesley Forest Model at Wesley Forest starting at $700 with a $1.06 price per square foot in the South Memphis neighborhood. Here is today’s list of the best values for Westwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Weaver Fields Apartments | One | 1BR,1BA | $0.94 |
| Wesley Forest | 1x1Wesley Forest | 1BR,1BA | $1.06 |
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 ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly Lifestyle
Ranked #
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
Pet Friendly
Frequently Asked Questions about Cheap Westwood Apartments
How do the prices of cheap apartments compare to the average apartment in Westwood?
Cheap apartments in Westwood have an average cost of $653 which is $844 cheaper than the average rent for all rentals in Westwood.
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.
Helpful Local Expert Guides

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

College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive
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The Local Memphis Experts Guide to Renting Near the Citys Top Employers
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Memphis, Tennessee: A Local Experts Insider Guide to the Bluff City
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Articles, How-To's, and Tips

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.