
Cheap Apartments for Rent in the Forest Hill Neighborhood of Memphis, TN from $700 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Forest Hill area of Memphis.


Edgewater Apartments

Brentwood Apartments

Greenbrook at Shelby Farms
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Highland Chateau

Canterbury Woods Apartments

Tanglewood

The Stella Apartments
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Deerfield Apartments

Siegel Select Memphis

Arbors of Century Center

Meadows of Memphis Apartments

The Glen Townhomes
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
Forest Hill, Memphis, TN Local Guide

How much does it cost to rent an apartment in Forest Hill?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Forest Hill Studio Apartments | $1,242 | $999 | $1,382 |
Forest Hill 1 Bedroom Apartments | $1,231 | $785 | $2,070 |
Forest Hill 2 Bedroom Apartments | $1,560 | $800 | $2,564 |
Forest Hill 3 Bedroom Apartments | $1,733 | $1,020 | $2,980 |
Browse Apartments in this Neighborhood
There are currently 17 rentals with your search options within a 2 mile radius of the Forest Hill Neighborhood of Memphis, TN.
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Forest Hill, Memphis, TN Local Guide
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Cheapest Available Forest Hill Apartments for Rent
 The cheapest available apartment rental in the Forest Hill area of Memphis, TN is a 1 Bed unit found at Edgewater Apartments priced from $799. Abington has the second lowest priced unit, which is a 2 Beds apartment currently listed from $800. Here are the most affordable Forest Hill apartments for rent in Memphis, TN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Edgewater Apartments | 1BR/1BA | 1BR,1BA | $799 |
Abington | 2 Bed / 2 Bath – Spacious Townhome | 2BR,1BA | $800 |
Tanglewood | One Bedroom One Bathroom | 1BR,1BA | $849 |
Brentwood Apartments | 1x1 Classic | 1BR,1BA | $850 |
Greenbrook at Shelby Farms | Sycamore | 1BR,1BA | $862 |
Best Value Apartments for Rent in Forest Hill, TN
As of May 10, 2025 the best value apartment in the Forest Hill area is the $1.10 price per square foot Magellan - 2 Bed, 2 Bath Model at The Stella Apartments in the in the East Memphis neighborhood starting from $1,150. The second greatest value Forest Hill apartment is the 2 BD Model at The Glen Townhomes starting at $1,040 with a $1.02 price per square foot in the Forest Hill neighborhood. Here is today’s list of the best values for Forest Hill apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Stella Apartments | Magellan - 2 Bed, 2 Bath | 2BR,2BA | $1.10 |
The Glen Townhomes | 2 BD | 2BR,1.5BA | $1.02 |
Deerfield Apartments | 2.2 | 2BR,2BA | $0.97 |
Greenbrook at Shelby Farms | Willow | 2BR,1.5BA | $1.17 |
Abington | 2 Bed / 2 Bath – Spacious Townhome | 2BR,1.5BA | $0.89 |
Summer Trace Apartments | The Bonelli | 2BR,1BA | $1.09 |
Highland Chateau | 1 Bed / 1 Bath - Comfort Option | 1BR,1BA | $1.16 |
Edgewater Apartments | 1BR/1BA | 1BR,1BA | $1.07 |
Sycamore Lake | 1 Bed 1 Bath | 1BR,1BA | $1.17 |
Canterbury Woods Apartments | 1 Bed/1 Bath | 1BR,1BA | $1.26 |
Quick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestyleForest Hill, Memphis, TN
Ranked #69
Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving.com compiles millions of data points to bring you comprehensive Lifestyle Ratings of neighborhoods, cities, and rental properties across Tennessee including Forest Hill, Memphis, and the greater Memphis area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, pet-friendly features, multifamily communities for the kids, proximity to transit, and more. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Forest Hill Apartments
How much is rent for a Cheap One Bedroom Forest Hill Apartment?
The lowest price for a Cheap One Bedroom Forest Hill Apartment is $799 at Edgewater Apartments.
What is the lowest price for a Cheap Two Bedroom Forest Hill Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Forest Hill is starting from $800 at Abington.
What is the most affordable Forest Hill Three Bedroom Apartment?
The best deal on a cheap Forest Hill Three Bedroom Apartment rental is at Summer Trace Apartments and starts from $1,010.
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.

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.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.