Apartments for Rent in the 38116 ZIP Code of Memphis, TN Under $700 (15 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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Winbranch Apartments
1 to 2 Bedroom Apartments

Winbranch Apartments

3551 Dalebranch DrMemphis, TN 38116
  • Utilities Included

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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Bridgeport Manor
1 to 2 Bedroom Apartments

Bridgeport Manor

1368-1438 E Winchester RdMemphis, TN 38116
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Sterling Townhomes
1 to 2 Bedroom Apartments

Sterling Townhomes

1903 E Raines RdMemphis, TN 38116
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Birchleaf Apartments
2 Bedroom Apartments

Birchleaf Apartments

1033 Whitaker DrMemphis, TN 38116
  • Utilities Included

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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Showing Results 1-15, Page 1 of 1

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

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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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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.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.