
Cheap Homes for Rent in the 38115 ZIP Code of Memphis, TN from $300 (55 Rentals)Page 2 of 2
Search the lowest-cost Homes available for rent right now in the 38115 ZIP Code area of Memphis.


5164 Walton Lake

5940 Pebble Beach Ave

2942 S Mendenhall Rd

6854 Sauterne Cove
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Memphis, TN Local Guide

How much does it cost to rent an apartment in Memphis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 38115 2 Bedroom Homes for Rent | $1,034 | $736 | $3,092 |
| 38115 3 Bedroom Homes for Rent | $1,187 | $865 | $1,976 |
| 38115 4 Bedroom Homes for Rent | $1,199 | $1,199 | $1,199 |
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Frequently Asked Questions about the 38115 ZIP Code
How much are larger Three and Four Bedroom Rentals in 38115?
For those who are looking for larger living arrangements, Three Bedroom Apartments in 38115 range from $675 to $5,818, while Three Bedroom Homes, Condos, and Townhomes for rent range from $865 to $1,976. Four Bedroom Single-Family rentals are also available starting from $1,199 and Four Bedroom Apartments start at $599.
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.

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.