Note: Properties with the Total Monthly Price badge include all required fees. Tap the badge for more details.
-

Bedrooms

Bathrooms

Deals & Discount Filters
All Filters

Deals & Discounts

Price Range

–

Beds & Baths

Beds

Baths

Home Type

Pet Policy

Interior & Community Amenities

Speciality Housing

Keyword Search

Cheap Apartments for Rent in South Memphis

672 Rentals
.
  2. Building Photo - Valley Forge
    2 BEDS
    $700+
    3 BEDS
    $750+

    Valley Forge

    176 Hillview Ave, Memphis, TN 38109
  6. Building Photo - Emberly (NEW)
    $226 Off
    Price Drop. $226 Off
    |
    STUDIO
    $547+
    1 BED
    $598+
    2 BEDS
    $718+
    3 BEDS
    $884+

    Emberly (NEW)

    3619 Kings Gate Dr, Memphis, TN 38116
    (901) 437-8627
  15. Interior Photo - Graceland Pointe Apartments
    1 BED
    $695+
    2 BEDS
    $825+
    Total Monthly Price Total Monthly Price New
    Base Rent$695 - $849
    Required Monthly FeesNone
    Total Monthly Price$695 - $849

    Graceland Pointe Apartments

    1984 Bonnie Dr, Memphis, TN 38116
    (901) 519-3118
  27. Building Photo - Crescent Bluff
    1 BED
    $784+
    2 BEDS
    $1,141+
    3 BEDS
    $1,319+

    Crescent Bluff

    25 E Virginia Ave, Memphis, TN 38106
  35. Building Photo - Fairway
    2 BEDS
    $825

    Fairway

    5150 Tulane Rd, Memphis, TN 38109
Showing 42 of 181 results, Page 1 of 5

Memphis at a Glance

Average Rent

N/A
(All bedrooms and property types)
0

School Rating

out of 10 Rating
Learn more about
Schools in Memphis

Cheap Apartments in South Memphis Neighborhood in Memphis, TN

When looking for cheap apartments in South Memphis, Apartment Finder is your deal-hunting partner. Whether you’re looking for a studio, a one-bedroom, or a two-bedroom apartment, you want the best place at the right price. We have a great selection of budget-friendly apartments for rent, and we’ll show you which apartments offer the best value when compared to other apartments in South Memphis.

Finding a rental that fits your budget without compromising on quality can seem like a challenge, but Apartment Finder makes it easy to discover cheap apartments with all the features you want. To find an apartment you can afford, try looking in less popular neighborhoods outside of the city center. Timing is everything when searching for rentals that are affordable, so look at different times of the day, different days of the week and (if you can wait) certain months like December through March. When you find an apartment with a great price, don’t hesitate! Cheap apartments tend to go very quickly.

Affordability doens't have to equal sacrifice. While it’s important to be flexible, you might not have to give up as much as you think. You can find a cheap apartment for rent, complete with must-have amenities such as paid utilities and an in-unit washer and dryer. Click on any of these properties to see photos and floor plans, read reviews, check out the rent calculator, and learn more about the neighborhood with information on nearby parks, shopping malls, and transit stops. With 181 cheap apartments available in South Memphis, Apartment Finder is the place to find your next rental.

Top Budget-Friendly Neighborhoods in Memphis

(For 1 bedroom apartments)

Education

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

tooltips

I would like to...
0 out of 400 characters
By clicking above, you agree we may pass along your info so this property or the property’s affiliates can email, call, text, or autodial you to follow up and for any purpose. You also agree to... By clicking above, you agree we may pass along your info so this property or the property’s affiliates can email, call, text, or autodial you to follow up and for any purpose. You also agree to Apartmentfinder.com’s Privacy Statement and Terms of Service. Consent is not a condition for services. Message and data rates may apply. Read More Read Less

Submitting Request

Thank You

Your email has been sent.

Learn about our ratings.