
Cheap Homes for Rent in Lakeland Neighborhood of Memphis, TN from $1,200 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Lakeland area of Memphis.


3087 Barley Mills Cir

2790 Virginia Woods Pl

3190 Clubview Cove N

9561 Chi Chi Ln

9194 Fletcher Trace Pkwy

9952 Woodland Bend Dr
Lakeland, Memphis, TN Local Guide

How much does it cost to rent a home in Lakeland?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lakeland 2 Bedroom Homes for Rent | $1,495 | $1,495 | $1,495 |
Lakeland 3 Bedroom Homes for Rent | $1,973 | $1,660 | $2,650 |
Lakeland 4 Bedroom Homes for Rent | $2,744 | $1,935 | $4,095 |
Lakeland 5 Bedroom Homes for Rent | $4,100 | $4,100 | $4,100 |
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Lakeland Neighborhood of Memphis, TN.
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Lakeland, Memphis, TN Local Guide
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Cheapest Available Lakeland Apartments for Rent
 The cheapest available apartment rental in the Lakeland area of Memphis, TN is a 1 Bed unit found at Stonebridge Crossing Apartments priced from $1,169. Somerset at Lakeland has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,237. Here are the most affordable Lakeland apartments for rent in Memphis, TN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Stonebridge Crossing Apartments | Avalon w/Sunroom | 1BR,1BA | $1,169 |
Somerset at Lakeland | B2 | 2BR,2BA | $1,237 |
The Landings at Houston Levee | The Levee - 2x2 | 2BR,2BA | $1,269 |
Best Value Apartments for Rent in Lakeland, TN
As of March 23, 2025 the best value apartment in the Lakeland area is the $1.36 price per square foot 8254 Blue Lagoon Dr Model at 8254 Blue Lagoon Dr in the in the Brownsville neighborhood starting from $2,345. The second greatest value Lakeland apartment is the 10001 Houston Birch Dr Model at 10001 Houston Birch Dr starting at $1,895 with a $1.18 price per square foot in the Eads-Fisherville neighborhood. Here is today’s list of the best values for Lakeland apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
8254 Blue Lagoon Dr | 8254 Blue Lagoon Dr | 3BR,2BA | $1.36 |
10001 Houston Birch Dr | 10001 Houston Birch Dr | 4BR,2.5BA | $1.18 |
Somerset at Lakeland | C2 | 3BR,2BA | $1.15 |
9895 Woodland Bend Dr | 9895 Woodland Bend Dr | 3BR,2BA | $1.34 |
Hall Creek | B3 | 2BR,2BA | $1.84 |
The Landings at Houston Levee | The Delta - 2x2 | 2BR,2BA | $1.15 |
Stonebridge Crossing Apartments | Beaumont w/Sunroom | 2BR,2BA | $1.39 |
Preserve at Bartlett | A2R | 1BR,1BA | $1.86 |
Lakeland Town Square | A1 | 1BR,1BA | $2.45 |
Springs at Colonial | Studio Grand Courtyard | Studio ,1BA | $2.71 |
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Frequently Asked Questions about Lakeland
What type of rentals are currently available in Lakeland?
There are currently 14 Apartments for Rent in Lakeland, TN with pricing that ranges from $1,075 to $8,352. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lakeland ranging from $1,200 to $4,100.
What is the current price range for Rental Homes in Lakeland?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lakeland ranges from $1,200 to $4,100 with an average monthly rent of $2,405.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.