Cheap Apartments for Rent near Red Banks, MS from $700 (47 Rentals)

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Search the lowest-cost Apartments available for rent right now in Red Banks.

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Center Court Apartments
1 to 2 Bedroom Apartments

Center Court Apartments

288 S Center StCollierville, TN 38017
  • Utilities Included

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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Red Banks, MS Local Guide

Cheapest Available Red Banks Apartments for Rent and Nearby

 

The cheapest available apartment rental in Red Banks, MS is a 1 Bed unit found at Ashland Lakes Apartments in the Brooks Manor neighborhood priced from $782. MAA Southwind in the Germantown neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $833. Here is today’s list of the most affordable Red Banks apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ashland Lakes ApartmentsOne Bedroom1BR,1BA$782
MAA SouthwindSpyglass1BR,1BA$833
Champions Hills at Windyke1 Bd 1 Ba Down Porch1BR,1BA$1,032
Park at Forest HillA21BR,1BA$1,078
The FranklinA11BR,1BA$1,084
The Grove of Cayce2bedroom x 2bath2BR,2BA$1,100
Waterford Place Apartment HomesOne Bedroom - 679 sqft1BR,1BA$1,110
The Westbury1x1 - 2nd Floor1BR,1BA$1,122
Courtyard Off the Square Apartments2BR/1BA2BR,1BA$1,145
Madison at Schilling FarmsWindsor1BR,1BA$1,179

Best Value Apartments for Rent in Red Banks, MS and Nearby

As of July 26, 2026 the best value apartment in the Red Banks area is the $1.19 price per square foot Mitchell - 3 Bedroom + Den Model at Cayce Highlands in the in the Marshall County neighborhood starting from $1,850. The second greatest value Red Banks apartment is the SW2 3 Bed 2 Bath Model at Southwind Lakes Apartments starting at $1,725 with a $1.25 price per square foot in the Hickory Ridge-South Riverdale neighborhood. Here is today’s list of the best values for Red Banks apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cayce HighlandsMitchell - 3 Bedroom + Den3BR,2.5BA$1.19
Southwind Lakes ApartmentsSW2 3 Bed 2 Bath3BR,2BA$1.25
The Westbury2x2 - 1st Floor with Garage2BR,2BA$1.47
Ashland Lakes ApartmentsTwo Bedroom2BR,2BA$1.01
Miller Creek at Germantown ApartmentsEmory 21BR,1BA$1.48
The Grove of Cayce3bedroom x 2bath3BR,2BA$1.39
Courtyard Off the Square Apartments2BR/1BA2BR,1BA$1.35
Goodman Manor Apartments(Phase 1) AVAILABLE SOON!2BR,1BA$1.44
Champions Hills at Windyke1 Bd 1 Ba Down Porch1BR,1BA$1.43
MAA SouthwindSpyglass1BR,1BA$1.47

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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Red Banks Apartments

What is the Cheapest Studio apartment in Red Banks?

Currently the most affordable Cheap Studio Apartment in Red Banks is at The Villas at Germantown Apartments listed at $1,185.

How much is rent for a Cheap One Bedroom Red Banks Apartment?

The lowest price for a Cheap One Bedroom Red Banks Apartment is $782 at Ashland Lakes Apartments.

What is the lowest price for a Cheap Two Bedroom Red Banks Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Red Banks is starting from $1,073 at MAA Southwind.

What is the most affordable Red Banks Three Bedroom Apartment?

The best deal on a cheap Red Banks Three Bedroom Apartment rental is at The Grove of Cayce and starts from $1,250.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.