Cheap Homes for Rent in Southeast Memphis Neighborhood of Memphis, TN from $500 (118 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in the Southeast Memphis area of Memphis.

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.

Read Article
Showing Results 1-50, Page 1 of 3

Southeast Memphis, Memphis, TN Local Guide

Cheapest Available Southeast Memphis Apartments for Rent

 

The cheapest available apartment rental in the Southeast 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 Southeast 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
The Residences at LakeviewStudioStudio,1BA$581
WoodlakeEfficiencyStudio,1BA$599
El Dorado1 Bedroom1BR,1BA$602
The Trails at Mt. Moriah1 bed 1 bath1BR,1BA$618
Creekside Meadows1 Bedroom 1 Bathroom1BR,1BA$675
University CrossingsBrister1BR,1BA$675
Winchester GroveThe Willow - StudioStudio,1BA$684
Sunrise Terrace Apartments1 Bedroom1BR,1BA$690

Best Value Apartments for Rent in Southeast Memphis, TN

As of April 29, 2025 the best value apartment in the Southeast Memphis area is the $0.38 price per square foot Student Housing Per Person Model at 3570 Spottswood Ave in the in the East Memphis neighborhood starting from $750. The second greatest value Southeast Memphis apartment is the 4 Bedroom 4 Bath Model at Student Lofts at Brister starting at $800 with a $0.43 price per square foot in the East Memphis neighborhood. Here is today’s list of the best values for Southeast Memphis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3570 Spottswood AveStudent Housing Per Person5BR,5BA$0.38
Student Lofts at Brister4 Bedroom 4 Bath1BR,1BA$0.43
1229 Vinton Ave, Unit 11229 Vinton Ave2BR,1BA$0.85
Ridgewyck Townhomes2 Bedroom2BR,2BA$0.80
Shadowbrook Townhomes2 Bedroom w/ Den2BR,1.5BA$0.69
Plum TreeTwo Bedroom2BR,1.5BA$0.81
Flairwood Apartments2 Beds, 1 bath2BR,1BA$0.79
Colonial Village Apartments2 Bedroom2BR,1BA$0.92
1101 S Rembert St, Unit 11011101 S Rembert St1BR,1BA$0.83
Grainge Hill Apartments2 Bed / 1.5 Bath2BR,1.5BA$0.64

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Southeast Memphis

What type of rentals are currently available in Southeast Memphis?

There are currently 531 Apartments for Rent in Southeast Memphis, TN with pricing that ranges from $499 to $13,380. There are also 596 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southeast Memphis ranging from $595 to $6,000.

What is the current price range for Rental Homes in Southeast Memphis?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Southeast Memphis ranges from $595 to $6,000 with an average monthly rent of $1,608.

How much are larger Three and Four Bedroom Rentals in Southeast Memphis?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Southeast Memphis range from $740 to $8,060, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $2,996. Four Bedroom Single-Family rentals are also available starting from $1,150 and Four Bedroom Apartments start at $599.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.