
Cheap Apartments for Rent in the 38116 ZIP Code of Memphis, TN from $300 (76 Rentals)Page 2 of 2
Search the lowest-cost Apartments available for rent right now in the 38116 ZIP Code area of Memphis.


799 Rosebanks Rd

893 Linwood Rd

4045 Faronia Dr

5457 Millbranch Rd

3787 Patte Ann Dr
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

1360 Winfield Rd

4611 Boeingshire Dr

1491 E Holmes Rd

1379 Ferguson Rd

4960 Frankie Ln

344 E Shelby Dr
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

4628 Windward Dr

5057 Gill Rd

516 Parkdale Dr

480 Whiteville Ave

Gospel Gardens

Bantam Apartments
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Fairway

4700 Berta Rd

4062 Shirley Dr

4661 Berta Rd

4980 Vickie Dr

4901 Shayne Ln
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

4921 Shayne Ln

4746 Hodge Rd
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 | $667 | $547 | $750 |
| 38116 1 Bedroom Apartments | $698 | $598 | $976 |
| 38116 2 Bedroom Apartments | $887 | $625 | $1,350 |
| 38116 3 Bedroom Apartments | $1,048 | $825 | $1,600 |
| 38116 4 Bedroom Apartments | $1,078 | $1,014 | $1,290 |
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.
Helpful Local Expert Guides

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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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
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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.

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

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.