Cheap Apartments for Rent in the 38116 ZIP Code of Memphis, TN from $300 (89 Rentals)Page 2 of 2
Search the lowest-cost Apartments available for rent right now in the 38116 ZIP Code area of Memphis.

1791 Grovehaven Cir

5502 Santa Monica St

3308 E Rosita Cir

800 Lydgate Rd

1051 Mosby Rd
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

5435 Whitworth Rd

1508 E Raines Rd

5041 Davis Cove

4856 Haleville Rd

1334 Timothy Dr

5270 Algiers Dr

1624 Nellie Rd

4760 Woodridge Dr

1973 Tacoma Ave

1351 Janis Dr
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.

3806 Blue Jay Rd

1379 Ferguson Rd

Furnished Studio-Memphis - Airport

4383 Alice Dr

4344 Walnut Hill Dr

4784 Fairley Rd

1407 Ferguson Rd

4959 Shayne Ln

580 Parkdale Dr

655 Granada Rd

4900 Berta Rd

4628 Windward Dr

344 Clower Rd

4613 White Fox St

523 Shofner Ave

4951 Shayne Ln
Memphis, TN Local Guide

How much does it cost to rent an apartment in 38116?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 38116 Studio Apartments | $660 | $567 | $1,169 |
| 38116 1 Bedroom Apartments | $752 | $598 | $905 |
| 38116 2 Bedroom Apartments | $905 | $751 | $1,366 |
| 38116 3 Bedroom Apartments | $1,036 | $900 | $1,280 |
| 38116 4 Bedroom Apartments | $1,153 | $1,014 | $1,178 |
Browse Apartments in the 38116 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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!







