
Cheap Homes for Rent in the 38101 ZIP Code of Memphis, TN from $300 (44 Rentals)
Search the lowest-cost Homes available for rent right now in the 38101 ZIP Code area of Memphis.


306 S Lauderdale St

847 Ayers St

1111 North Pkwy

844 LEON Pl

839 LEON Pl

525 N Waldran Blvd

754 Breedlove St
Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City
Moving to the Bluff City? Get the insider’s guide on Memphis life, from specific neighborhood personalities and current average rent, to the best barbecue and live music spots.

218 Chelsea Ave

1066 Greenlaw Ave

1202 Tutwiler Ave

1074 Palmetto Ave

310 Jones St

1195 Dorothy Pl

961 Joseph Pl

1306 Carr Ave
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

401 N Manassas St

679 Leath St

1261 Central Ave, Unit 4

1075 Kney St

759 Olympic St

214 Cochran Pl

1032 Lagrange Ave

916 Crockett Pl
The Local Memphis Expert's Guide to Renting Near the City's Top Employers
Memphis apartment guide from a local expert, breaking down neighborhoods, average rent, and ideal commute times near the 5 largest employers - FedEx, St. Jude, U of M, Methodist, and AutoZone.

109 N Main St

978 Leath St

432 N Montgomery St

270 Lucerne Pl

1271 Poplar Ave

696 Decatur St

851 N Claybrook St

731 Litty Ct, Unit 305
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.

795 Alma St

1045 Ayers St

129 Talbot Ave

413 S Main St

269 Looney Ave

510 City House Ct

838 Crockett Pl

669 S Mansfield St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

764 Alma St

1191 Sylvan St

420 S Front St

1431 Goodbar Ave
Memphis, TN Local Guide

How much does it cost to rent an apartment in Memphis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 38101 2 Bedroom Homes for Rent | $1,709 | $695 | $7,537 |
| 38101 3 Bedroom Homes for Rent | $2,464 | $995 | $4,151 |
| 38101 4 Bedroom Homes for Rent | $1,775 | $1,400 | $2,150 |
Browse Homes for Rent in the 38101 Zip Code of Memphis
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Frequently Asked Questions about the 38101 ZIP Code
How much are larger Three and Four Bedroom Rentals in 38101?
For those who are looking for larger living arrangements, Three Bedroom Apartments in 38101 range from $575 to $5,007, while Three Bedroom Homes, Condos, and Townhomes for rent range from $995 to $4,151. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $550.
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.
Helpful Local Expert Guides

Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City
Written by: Joshua Carlucci
Hello from Memphis, Tennessee. I'm Josh, your ApartmentHomeLiving.com Local Expert for Memphis, and I spent years in this city eating, writing, cooking, studying, and getting to know it block by block.

The Local Memphis Expert's Guide to Renting Near the Citys Top Employers
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I'm Josh, your ApartmentHomeLiving.

College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive
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I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
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I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.