Cheap Apartments for Rent in the South Memphis Neighborhood of Memphis, TN from $300 (104 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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1253 Cannon St
$200Studio, 1 Bath RentalsAvailable Now

1253 Cannon St

Memphis, TN 38106
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1379 Ferguson Rd
$9001 Bedroom, 1 Bath RentalsAvailable Now

1379 Ferguson Rd

Memphis, TN 38106
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2038 Southern Ave
$9501 Bedroom, 1 Bath RentalsAvailable Now

2038 Southern Ave

Memphis, TN 38114
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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 Bridgeport Manor priced from $450. Grainge Hill Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $450. Here are the most affordable South Memphis apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Bridgeport Manor2 Beds, 1 bath2BR,1BA$450
Grainge Hill Apartments2 Bed / 1.5 Bath2BR,1BA$450
Longview Gardens2 Bedroom2BR,1BA$545
New Horizon - KingsgateEffStudio,1BA$577
Longview Heights2 Bed / 1 Bath2BR,1BA$617
Coronado Manor1 bedroom1BR,1BA$649
Valley ForgeTwo Bedroom2BR,1BA$650
Mill Creek Apartments1 Bedroom / 1 Bathroom1BR,1BA$672
Sunrise Terrace Apartments1 Bedroom1BR,1BA$690
Manor Park Apartments1 Bed / 1 Bath1BR,1BA$700

Best Value Apartments for Rent in South Memphis, TN

As of February 26, 2025 the best value apartment in the South Memphis area is the $0.40 price per square foot 2006 Felix Ave Model at 2006 Felix Ave, Unit 1 in the in the East Memphis neighborhood starting from $700. The second greatest value South Memphis apartment is the 4BR Model at Chapel Place Homes starting at $1,166 with a $0.80 price per square foot in the South Memphis 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.
2006 Felix Ave, Unit 12006 Felix Ave1BR,1BA$0.40
Chapel Place Homes4BR4BR,2BA$0.80
1229 Vinton Ave, Unit 11229 Vinton Ave2BR,1BA$0.85
2315 Longstreet Dr, Unit 2315 Longstreet dr2315 Longstreet Dr2BR,1BA$0.74
994 Philadelphia St, Unit 994994 Philadelphia St1BR,1BA$0.77
Valley ForgeTwo Bedroom2BR,1BA$0.74
Longview Gardens2 Bedroom2BR,1BA$0.69
Longview Heights2 Bed / 1 Bath2BR,1BA$0.78
Grainge Hill Apartments2 Bed / 1.5 Bath2BR,1.5BA$0.57
Bridgeport Manor2 Beds, 1 bath2BR,1BA$0.60

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Pet Friendly Lifestyle
South Memphis, Memphis, TN

Ranked #14

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 $450 at Bridgeport Manor.

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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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.

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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.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.