Apartments for Rent in the 38116 ZIP Code of Memphis, TN Under $1,500 (72 Rentals)

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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.

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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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property at 5238 Johns River Rd

$1,500

Total Monthly Price

Total Monthly Price

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

3 Bedroom, 2.5 Bath Townhome for Rent

Available Now

5238 Johns River Rd

MemphisTN38116

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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property at 4785 Haleville Rd

$1,375

Total Monthly Price

Total Monthly Price

Base Rent
$1,375
Total Monthly Price
$1,375

3 Bedroom, 1 Bath Home for Rent

Available Now

4785 Haleville Rd

MemphisTN38116

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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1791 Whitman Rd
5 Bedroom Apartments

1791 Whitman Rd

1791 Whitman RdMemphis, TN 38116
Corporate Housing
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Pinewood Manor
Studio to 2 Bedroom Apartments

Pinewood Manor

4260 E Peggy Jo DrMemphis, TN 38116
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Hickory Hills
2 to 3 Bedroom Apartments

Hickory Hills

3513 Graceland DrMemphis, TN 38116
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BIRCHES TOWNHOMES
1 to 2 Bedroom Apartments

BIRCHES TOWNHOMES

1466 Birch Bend RdMemphis, TN 38116

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Frequently Asked Questions about the 38116 ZIP Code

How much are Studio apartments in 38116?

There are currently 14 Studio Apartments in 38116 with rent ranges from $547 to $750 with an average price of $646.

What is the current price range for One Bedroom 38116 Apartments for rent?

Today's rental pricing for One Bedroom Apartments in 38116 ranges from $598 to $905 with an average monthly rent of $690.

What does renting a Two Bedroom Apartment in 38116 cost?

The monthly rent prices of Two Bedroom Apartments currently available in 38116 range from $625 to $1,350. Today's average rental price for Two Bedrooms here is $915.

How expensive are 38116 Three Bedroom Apartments?

There are currently 25 Three Bedroom Apartments listings available in 38116 on ApartmentHomeLiving.com. The pricing ranges from $825 to $1,280 - averaging $1,060 for the location.

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.

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Articles, How-To's, and Tips

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.