
Cheap Homes for Rent in Forest Hill Neighborhood of Memphis, TN from $1,500 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Forest Hill area of Memphis.


1978 Auburn Tree Cove
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.

1838 Quail Park Cir, Unit 1838

5629 Bartlett Grove Rd
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.

5326 Blue Ridge Pkwy

5671 Falling Bark Dr
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.

6247 Brightwood Cove
Forest Hill, Memphis, TN Local Guide

How much does it cost to rent a home in Forest Hill?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Forest Hill 3 Bedroom Homes for Rent | $1,568 | $1,530 | $1,600 |
Forest Hill 4 Bedroom Homes for Rent | $1,920 | $1,920 | $1,920 |
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Forest Hill Neighborhood of Memphis, TN.
Explore Memphis
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 2 Beds unit found at Courtyard @ Waring Park priced from $775. Edgewater Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here are the most affordable Forest Hill apartments for rent in Memphis, TN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Courtyard @ Waring Park | 2x1 (700) | 2BR,1BA | $775 |
Edgewater Apartments | 1BR/1BA | 1BR,1BA | $799 |
Abington | 2 Bed / 2 Bath – Spacious Townhome | 2BR,1BA | $800 |
Best Value Apartments for Rent in Forest Hill, TN
As of May 16, 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 |
Summer Trace Apartments | The Cambridge | 3BR,1.5BA | $0.97 |
Greenbrook at Shelby Farms | Willow | 2BR,1.5BA | $1.18 |
Abington | 2 Bed / 2 Bath – Spacious Townhome | 2BR,1.5BA | $0.89 |
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 | $1.16 |
Deerfield Apartments | 1.1 | 1BR,1BA | $1.13 |
Courtyard @ Waring Park | 2x1 (700) | 2BR,1BA | $1.11 |
Quick 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.
Frequently Asked Questions about Forest Hill
What type of rentals are currently available in Forest Hill?
There are currently 23 Apartments for Rent in Forest Hill, TN with pricing that ranges from $775 to $2,980. There are also 8 Single Family Homes for rent, Condos, and Townhome rentals currently available in Forest Hill ranging from $1,530 to $1,920.
What is the current price range for Rental Homes in Forest Hill?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Forest Hill ranges from $1,530 to $1,920 with an average monthly rent of $1,744.
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.