Cheap Apartments for Rent in the South Memphis Neighborhood of Memphis, TN from $300 (83 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Memphis area of Memphis.

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Birchleaf Apartments
2 Bedroom Apartments

Birchleaf Apartments

1033 Whitaker DrMemphis, TN 38116
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Sterling Townhomes
1 to 2 Bedroom Apartments

Sterling Townhomes

4187 Rainbranch DrMemphis, TN 38116
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Lapaloma Apartments
1 to 2 Bedroom Apartments

Lapaloma Apartments

1393 Lapaloma CirMemphis, TN 38114
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Raintree Apartments
2 Bedroom Apartments

Raintree Apartments

742 E Raines RdMemphis, TN 38116
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Winbranch Apartments
1 to 2 Bedroom Apartments

Winbranch Apartments

3551 Dalebranch DrMemphis, TN 38116
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South Memphis, Memphis, TN Local Guide

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 $499. 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 ListingModel NameBed/BathPriced From
Grainge Hill Apartments2 Bed / 1.5 Bath2BR,1BA$499
New Horizon - KingsgateEffStudio,1BA$577
Longview Heights2 Bed / 1 Bath2BR,1BA$612
Longview Gardens2 Bedroom2BR,1BA$616
Creekside Meadows1 Bedroom 1 Bathroom1BR,1BA$681
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR,1BA$682
Winchester GroveThe Willow - StudioStudio,1BA$684
Sunrise Terrace Apartments1 Bedroom1BR,1BA$690
Coronado Manor1 bedroom1BR,1BA$699
Valley ForgeTwo Bedroom2BR,1BA$700

Best Value Apartments for Rent in South Memphis, TN

As of April 18, 2025 the best value apartment in the South Memphis area is the $0.65 price per square foot 4 BED TOWNHOME Model at Cane Creek Apartments in the in the South Memphis neighborhood starting from $1,067. The second greatest value South Memphis apartment is the 1229 Vinton Ave Model at 1229 Vinton Ave, Unit 1 starting at $1,150 with a $0.85 price per square foot in the Medical District neighborhood. Here is today’s list of the best values for South Memphis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cane Creek Apartments4 BED TOWNHOME4BR,2BA$0.65
1229 Vinton Ave, Unit 11229 Vinton Ave2BR,1BA$0.85
Chapel Place Homes3BR3BR,2.5BA$0.81
Faronia Square2 bdr 1.5 ba Plan IV2BR,1.5BA$0.75
1101 S Rembert St, Unit 11011101 S Rembert St1BR,1BA$0.90
Valley ForgeTwo Bedroom2BR,1BA$0.80
Vinton Avenue Apartments2BR/1.0BA2BR,1BA$0.91
Longview Gardens2 Bedroom2BR,1BA$0.79
Longview Heights2 Bed / 1 Bath2BR,1BA$0.78
Grainge Hill Apartments2 Bed / 1.5 Bath2BR,1.5BA$0.64

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Pet Friendly Lifestyle
South Memphis, Memphis, TN

Ranked #21

Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 the Cheapest Studio apartment in South Memphis?

Currently the most affordable Cheap Studio Apartment in South Memphis is at New Horizon - Kingsgate listed at $577.

How much is rent for a Cheap One Bedroom South Memphis Apartment?

The lowest price for a Cheap One Bedroom South Memphis Apartment is $587 at New Horizon - Kingsgate.

What is the lowest price for a Cheap Two Bedroom South Memphis Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in South Memphis is starting from $499 at Grainge Hill Apartments.

What is the most affordable South Memphis Three Bedroom Apartment?

The best deal on a cheap South Memphis Three Bedroom Apartment rental is at New Horizon - Kingsgate and starts from $827.

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.

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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.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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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.