Cheap Apartments for Rent in the 38116 ZIP Code of Memphis, TN from $300 (76 Rentals)

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Search the lowest-cost Apartments available for rent right now in the 38116 ZIP Code area of Memphis.

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.

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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.

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property at 2053 Lydgate Dr

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

3 Bedroom, 2 Bath Home for Rent

Available Sep 1

2053 Lydgate Dr

MemphisTN38116
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Birchleaf Apartments
2 Bedroom Apartments

Birchleaf Apartments

1033 Whitaker DrMemphis, TN 38116
  • Utilities Included
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Sterling Townhomes
1 to 2 Bedroom Apartments

Sterling Townhomes

1903 E Raines RdMemphis, TN 38116
  • Utilities Included

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.

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Winbranch Apartments
1 to 2 Bedroom Apartments

Winbranch Apartments

3551 Dalebranch DrMemphis, TN 38116
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Garden View Apartments
1 to 2 Bedroom Apartments

Garden View Apartments

1137 Whitaker DrMemphis, TN 38116
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Lakeville Townhomes
1 to 3 Bedroom Apartments

Lakeville Townhomes

2115 Oxford Square CtMemphis, TN 38116
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Bridgeport Manor
1 to 2 Bedroom Apartments

Bridgeport Manor

1368-1438 E Winchester RdMemphis, TN 38116
  • Utilities Included
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1283 E Raines Rd
1 to 2 Bedroom Apartments

1283 E Raines Rd

1283 E Raines RdMemphis, TN 38116
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BIRCHES TOWNHOMES
1 to 2 Bedroom Apartments

BIRCHES TOWNHOMES

1466 Birch Bend RdMemphis, TN 38116
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Pinewood Manor
Studio to 2 Bedroom Apartments

Pinewood Manor

4260 E Peggy Jo DrMemphis, TN 38116

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.

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Hickory Hills
2 to 3 Bedroom Apartments

Hickory Hills

3513 Graceland DrMemphis, TN 38116

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.

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Showing Results 1-50, Page 1 of 2

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

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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.