
Cheap Apartments for Rent in the South Memphis Neighborhood of Memphis, TN from $300 (83 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Memphis area of Memphis.


Grainge Hill Apartments

1574 HANAUER St

2173 Kansas St

New Horizon - Kingsgate

Longview Gardens

1919 S Pkwy E

Longview Heights

Coronado Manor

Creekside Meadows

Sunrise Terrace Apartments

1535 GAITHER St

Manor Park Apartments

Wesley Forest

Mill Creek Apartments

Weaver Fields Apartments

Pinetree Place Apartments

Highland Meadows Apartments

Ruby Oaks Apartments

Oakwood Meadows Estates

Bridgeport Manor

Graceland Pointe

1914 St James Dr

Graceland Flats

Hunter Oaks Apartments

Winchester Grove

Faronia Square

1627 Barton St

1379 Ferguson Rd

Cleaborn Pointe at Heritage Senior Apartments
South Memphis, Memphis, TN Local Guide

How much does it cost to rent an apartment in South Memphis?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
South Memphis Studio Apartments | $1,093 | $577 | $1,450 |
South Memphis 1 Bedroom Apartments | $955 | $200 | $1,800 |
South Memphis 2 Bedroom Apartments | $1,090 | $450 | $2,885 |
South Memphis 3 Bedroom Apartments | $1,186 | $827 | $4,600 |
South Memphis 4 Bedroom Apartments | $986 | $897 | $2,100 |
Browse Apartments in this Neighborhood
There are currently 83 rentals with your search options within a 1 mile radius of the South Memphis Neighborhood of Memphis, TN.
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South Memphis, Memphis, TN Local Guide
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Cheapest Available South Memphis Apartments for Rent
 The cheapest available apartment rental in the South Memphis area of Memphis, TN is a 2 Beds unit found at Grainge Hill Apartments priced from $450. New Horizon - Kingsgate has the second lowest priced unit, which is a Studio apartment currently listed from $577. Here are the most affordable South Memphis apartments for rent in Memphis, TN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Grainge Hill Apartments | 2 Bed / 1.5 Bath | 2BR,1BA | $450 |
New Horizon - Kingsgate | Eff | Studio,1BA | $577 |
Longview Gardens | 2 Bedroom | 2BR,1BA | $593 |
Longview Heights | 2 Bed / 1 Bath | 2BR,1BA | $631 |
Coronado Manor | 1 bedroom | 1BR,1BA | $649 |
Valley Forge | Two Bedroom | 2BR,1BA | $650 |
Creekside Meadows | 1 Bedroom 1 Bathroom | 1BR,1BA | $658 |
Sunrise Terrace Apartments | 1 Bedroom | 1BR,1BA | $690 |
Manor Park Apartments | 1 Bed / 1 Bath | 1BR,1BA | $700 |
Best Value Apartments for Rent in South Memphis, TN
As of March 22, 2025 the best value apartment in the South Memphis area is the $0.71 price per square foot 719 Lydgate Rd Model at 719 Lydgate Rd in the in the South Memphis neighborhood starting from $1,275. The second greatest value South Memphis apartment is the 2006 Felix Ave Model at 2006 Felix Ave, Unit 1 starting at $700 with a $0.40 price per square foot in the East Memphis neighborhood. Here is today’s list of the best values for South Memphis apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
719 Lydgate Rd | 719 Lydgate Rd | 3BR,2BA | $0.71 |
2006 Felix Ave, Unit 1 | 2006 Felix Ave | 1BR,1BA | $0.40 |
Chapel Place Homes | 4BR | 4BR,2BA | $0.80 |
994 Philadelphia St, Unit 994 | 994 Philadelphia St | 1BR,1BA | $0.77 |
Faronia Square | 2 bdr 1.5 ba Plan IV | 2BR,1.5BA | $0.75 |
Hickory Hills | 3 Bedroom | 3BR,2BA | $0.81 |
Valley Forge | Two Bedroom | 2BR,1BA | $0.74 |
Longview Gardens | 2 Bedroom | 2BR,1BA | $0.75 |
Longview Heights | 2 Bed / 1 Bath | 2BR,1BA | $0.80 |
Grainge Hill Apartments | 2 Bed / 1.5 Bath | 2BR,1.5BA | $0.57 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleSouth Memphis, Memphis, TN
Ranked #16
Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of rentals in cities across the United States including South Memphis, Memphis, and the greater Memphis area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap South Memphis Apartments
What is a cheap apartment in South Memphis?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Memphis is under $700.
What is the price of a cheap apartment in South Memphis?
The cheapest apartment in South Memphis is New Horizon - Kingsgate which is listed at $587, while the average apartment in South Memphis costs $14,070.
What types of apartments are the cheapest in South Memphis?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 759 regular apartments in South Memphis that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in South Memphis?
Cheap apartments in South Memphis have an average cost of $242 which is $13,828 cheaper than the average rent for all rentals in South Memphis.
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.