Cheap Apartments for Rent in the 38103 ZIP Code of Memphis, TN from $300 (82 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the 38103 ZIP Code area of Memphis.

close
View Me
The Chisca
Rent Specials
$947 - $2,913
Total Monthly Price

Total Monthly Price

Base Rent
$947 - $2,913

Total Monthly Price
$947 - $2,913
Studio to 3 Bedroom Apartments Available Now

The Chisca

272 S Main StMemphis, TN 38103
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Court Square Apartments
Rent Specials
$1,000 - $2,276
Total Monthly Price

Total Monthly Price

Base Rent
$1,000 - $2,276

Total Monthly Price
$1,000 - $2,276
1 to 3 Bedroom Apartments Available Now

Court Square Apartments

62 N Main StMemphis, TN 38103
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Lofts at Union Alley
Rent Specials
$1,031 - $2,503
Total Monthly Price

Total Monthly Price

Base Rent
$1,031 - $2,503

Total Monthly Price
$1,031 - $2,503
Studio to 1 Bedroom Apartments Available Aug 4

Lofts at Union Alley

110 Barboro AlyMemphis, TN 38103
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
close
View Me
Riverset Apartments
Rent Specials
$1,111 - $2,436
Total Monthly Price

Total Monthly Price

Base Rent
$1,111 - $2,436

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Riverset Apartments

100 Riverset LnMemphis, TN 38103
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

close
View Me
The Rise Apartments
$1,272 - $6,126
Total Monthly Price

Total Monthly Price

Base Rent
$1,272 - $6,126

Total Monthly Price
$1,272 - $6,126
Studio to 2 Bedroom Apartments Available Now

The Rise Apartments

420 Monroe AveMemphis, TN 38103
Family Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
The Landing Residences
$1,384 - $6,476
Total Monthly Price

Total Monthly Price

Base Rent
$1,384 - $6,476

Total Monthly Price
$1,384 - $6,476
Studio to 2 Bedroom Apartments Available Now

The Landing Residences

1 Dr Martin Luther King Jr AveMemphis, TN 38103
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

close
View Me
Orleans Station
Rent Specials
$1,403 - $1,448
Total Monthly Price

Total Monthly Price

Base Rent
$1,403 - $1,448

Total Monthly Price
$1,403 - $1,448
1 Bedroom Apartments Available Sep 7

Orleans Station

694 Madison AveMemphis, TN 38103
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
close
View Me
Exchange Building
Studio to 2 Bedroom Apartments

Exchange Building

9 N 2nd StMemphis, TN 38103
Furnished
  • Utilities Included
close
View Me
W.L.
Studio to 2 Bedroom Apartments

W.L.

267 S Main StMemphis, TN 38103
  • Utilities Included
close
View Me
Hope Heights Tower
Studio to 2 Bedroom Apartments

Hope Heights Tower

383 Madison AveMemphis, TN 38103
Senior Living
  • Utilities Included
close
View Me
The Washburn
1 to 2 Bedroom Apartments

The Washburn

60 S Main StMemphis, TN 38103
Corporate Housing

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.

close
View Me
Annex Lofts
1 to 2 Bedroom Apartments

Annex Lofts

345 S Front StMemphis, TN 38103
close
View Me
Main Street Flats
Studio to 2 Bedroom Apartments

Main Street Flats

101 S Main StMemphis, TN 38103
  • Utilities Included
close
View Me
Cornerstone Flats
1 to 2 Bedroom Apartments

Cornerstone Flats

113 S Main StMemphis, TN 38103
  • Utilities Included
close
View Me
Van Vleet Flats
1 to 2 Bedroom Apartments

Van Vleet Flats

122 Gayoso AveMemphis, TN 38103
  • Utilities Included
close
View Me
50 Peabody Place
Studio to 2 Bedroom Apartments

50 Peabody Place

50 Peabody PlMemphis, TN 38103
close
View Me
2nd Street Flats
1 to 3 Bedroom Apartments

2nd Street Flats

362 S 2nd StMemphis, TN 38103

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.

close
View Me
Lowenstein
1 to 2 Bedroom Apartments

Lowenstein

66 N Main StMemphis, TN 38103
  • Utilities Included
close
View Me
Cabinet Shop Lofts
Studio to 2 Bedroom Apartments

Cabinet Shop Lofts

436 S Front StMemphis, TN 38103

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.

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

decorative image for Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City article

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.

decorative image for The Local Memphis Expert's Guide to Renting Near the Citys Top Employers article

The Local Memphis Expert's Guide to Renting Near the Citys Top Employers

Written by: Joshua Carlucci

I'm Josh, your ApartmentHomeLiving.

decorative image for College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive article

College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive

Written by: Joshua Carlucci

I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

decorative image for Affordable Memphis: The Best Lower Priced Neighborhoods with Character  article

Affordable Memphis: The Best Lower Priced Neighborhoods with Character

Written by: Joshua Carlucci

I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.