
Cheap Apartments for Rent in the 38101 ZIP Code of Memphis, TN from $300 (118 Rentals)
Search the lowest-cost Apartments available for rent right now in the 38101 ZIP Code area of Memphis.


The Pulse Apartments

Overton Place

Greenlaw Apartments

Owens Place Townhomes

Uptown Square Apartments

Central Gardens

Azur Tower

The Drew

Indigo Riverview
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Helix at the District - Utilities Included

The Bonsai at Central Gardens

1304-1306 Snowden Ave

Linden Yards Apartments

Bickford Square Apartments

Deauville Apartments

Studio Rasa

Eleven60

Faulkner Court Apartments

The Chisca
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

280 Vance Flats

Goodbar Townhomes

National Rose Co.

Iris Luxury Apartments

Lofts at Union Alley

The Broadmoor Apartments

1205 Vance Ave

The Melrose Midtown

Number 10 Main

South Junction Apartments
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

South Line at Central Station

Museum Lofts

266 Lofts

Fielder Square

The Commonwealth

The Courtyard at Ironworks

1161 Poplar

412 N Montgomery St

The Tennessee Brewery Apartments

Pressbox Lofts
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

1265-2167 Union Ave

628 Madison Ave

Downtown Memphis Flats

The Landing Residences

Harbor Side at Conwood Flats Apartments

Total Monthly Price
Riverset Apartments

Total Monthly Price
699 N 5th St, Unit 2, Unit 2

1162 Peabody Ave

Total Monthly Price
The Marine Residence

The Rise Apartments
Affordable Memphis: The Best Neighborhoods with Character and Lower Rents
Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.
Memphis, TN Local Guide

How much does it cost to rent an apartment in 38101?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 38101 Studio Apartments | $1,063 | $560 | $3,863 |
| 38101 1 Bedroom Apartments | $1,316 | $525 | $5,397 |
| 38101 2 Bedroom Apartments | $1,734 | $750 | $7,574 |
| 38101 3 Bedroom Apartments | $2,431 | $995 | $4,095 |
| 38101 4 Bedroom Apartments | $2,225 | $2,150 | $2,300 |
Browse Apartments in the 38101 Zip Code of Memphis
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Expert Rental Resources
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.
Articles, How-To's, and Tips

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.