Cheap Apartments for Rent in the 38118 ZIP Code of Memphis, TN from $300 (122 Rentals)

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Search the lowest-cost Apartments available for rent right now in the 38118 ZIP Code area of Memphis.

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.

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property at 2988 Danville Rd

$1,025

Total Monthly Price

Total Monthly Price

Base Rent
$1,013
Required Monthly Fees
$12
Total Monthly Price
$1,025

3 Bedroom, 1 Bath Rentals

Available Now

2988 Danville Rd

MemphisTN38118
property at 3065 Brisdane St

$1,025

Total Monthly Price

Total Monthly Price

Base Rent
$1,013
Required Monthly Fees
$12
Total Monthly Price
$1,025

3 Bedroom, 1 Bath Rentals

Available Now

3065 Brisdane St

MemphisTN38118
property at 3009 Carvel St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

3 Bedroom, 1.1 Bath Rentals

Available Apr 6

3009 Carvel St

MemphisTN38118
property at 4877 Brentdale Ave

$1,210

Total Monthly Price

Total Monthly Price

Base Rent
$1,210
Total Monthly Price
$1,210

3 Bedroom, 2 Bath Rentals

Available Apr 21

4877 Brentdale Ave

MemphisTN38118
property at 3653 Elm Park Rd

$1,220

Total Monthly Price

Total Monthly Price

Base Rent
$1,220
Total Monthly Price
$1,220

3 Bedroom, 1 Bath Rentals

Available May 2

3653 Elm Park Rd

MemphisTN38118
property at 3556 Christine Rd

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

3556 Christine Rd

MemphisTN38118

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 5059 Applewood Dr

$1,315

Total Monthly Price

Total Monthly Price

Base Rent
$1,315
Total Monthly Price
$1,315

3 Bedroom, 2 Bath Rentals

Available Mar 28

5059 Applewood Dr

MemphisTN38118
property at 4547 Almo Ave

$1,315

Total Monthly Price

Total Monthly Price

Base Rent
$1,315
Total Monthly Price
$1,315

3 Bedroom, 1 Bath Rentals

Available Now

4547 Almo Ave

MemphisTN38118
property at 3476 Meier Dr

$1,385

Total Monthly Price

Total Monthly Price

Base Rent
$1,385
Total Monthly Price
$1,385

3 Bedroom, 2 Bath Rentals

Available Now

3476 Meier Dr

MemphisTN38118
property at 4798 Chuck Ave

$1,475

Total Monthly Price

Total Monthly Price

Base Rent
$1,475
Total Monthly Price
$1,475

4 Bedroom, 2 Bath Rentals

Available Now

4798 Chuck Ave

MemphisTN38118
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Dogwood Trace
1 to 2 Bedroom Apartments

Dogwood Trace

4635 Forest Oak WayMemphis, TN 38118

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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Windsor Place
1 to 3 Bedroom Apartments

Windsor Place

5267 Knight Arnold RdMemphis, TN 38118
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Camelot Manor
1 to 3 Bedroom Apartments

Camelot Manor

3151 Ashwood StMemphis, TN 38118
  • Utilities Included
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Inland Suites Lamar
1 Bedroom Apartments

Inland Suites Lamar

3913 Lamar AveMemphis, TN 38118
Corporate Housing
  • Utilities Included
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Eden Pointe
1 to 2 Bedroom Apartments

Eden Pointe

3187-3194 E Danville CirMemphis, TN 38118
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Corner Park
Studio to 2 Bedroom Apartments

Corner Park

4150 Winchester RdMemphis, TN 38118
  • Utilities Included
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Verano Townhomes
1 to 3 Bedroom Apartments

Verano Townhomes

4544 Willow Creek DrMemphis, TN 38118
  • 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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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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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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.