Apartments for Rent in the 38116 ZIP Code of Memphis, TN Under $1,500 (70 Rentals)

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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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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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property at 5364 Santa Monica Cove

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

3 Bedroom, 2 Bath Home for Rent

Available Now

5364 Santa Monica Cove

MemphisTN38116

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.

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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.

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Sunrise Terrace
2 to 4 Bedroom Apartments

Sunrise Terrace

2080 Winchester RdMemphis, TN 38116
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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
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Raintree Apartments
2 Bedroom Apartments

Raintree Apartments

742 E Raines RdMemphis, TN 38116
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Showing Results 1-50, Page 1 of 2

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 $635.

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 $582 to $905 with an average monthly rent of $710.

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 $922.

How expensive are 38116 Three Bedroom Apartments?

There are currently 26 Three Bedroom Apartments listings available in 38116 on ApartmentHomeLiving.com. The pricing ranges from $800 to $1,280 - averaging $1,065 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.

Articles, How-To's, and Tips

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.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.