
Cheap Apartments for Rent in the 38118 ZIP Code of Memphis, TN from $300 (136 Rentals)Page 2 of 3
Search the lowest-cost Apartments available for rent right now in the 38118 ZIP Code area of Memphis.


3210 Morningview Dr

4190 Arrowood Ave

3056 Arrendale St

3197 Clearbrook St

4704 Wild Plum Ct

4450 Arnold Cove

5083 Applewood Dr

3435 Clearbrook St

2986 Meadowfair Rd
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.

4701 Queens Lace Ct

3617 King James Cove

3235 Dorchester St

3165 Mackham Ave

3050 Castleman St

4748 Scottsdale Ave

5252 Scottsdale Ave

4022 Cochese Rd

5121 Ginger Cir

5194 Colewood Ave
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.

3084 Greenbranch Dr

3424 Boxdale St

4400 Elmridge St

3460 Luzon Dr

3409 Clearbrook St

El Dorado

The Residences at Lakeview

Pinetree Place Apartments

Emerald Park Apartments

Cedar Mill Apartments & Townhouses
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.

Whispering Pines

Highland Meadows Apartments

Oakwood Meadows Estates

Cedar Run

Aspen Parc

Ridgeway Pines

Crossings at Fox Meadows

Hickory Pointe

Emerald Pointe

Tranquility at Hickory Hill Senior Apartments
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.

Autumn Ridge Apartments

Hickory Forest

Highland Hills

2961 Southwall St

Wilson Townhomes

3752 Cambridge Station Dr

2814 Los Gatos Ct, Unit 2814 ‘Los Gatos

2796 Mojave Pl, Unit 171

1749 S Perkins Rd

2314 Pendleton St
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.
Memphis, TN Local Guide

How much does it cost to rent an apartment in 38118?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 38118 Studio Apartments | $632 | $581 | $1,029 |
| 38118 1 Bedroom Apartments | $759 | $567 | $1,159 |
| 38118 2 Bedroom Apartments | $877 | $625 | $1,450 |
| 38118 3 Bedroom Apartments | $1,074 | $880 | $1,550 |
| 38118 4 Bedroom Apartments | $1,450 | $1,440 | $1,460 |
Browse Apartments in the 38118 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

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

The Local Memphis Experts Guide to Renting Near the Citys Top Employers
Written by: Joshua Carlucci
I'm Josh, your ApartmentHomeLiving.

Memphis, Tennessee: A Local Experts Insider Guide to the Bluff City
Written by: Joshua Carlucci
Hello from Memphis, Tennessee. I'm Josh, your ApartmentHomeLiving.com Local Expert for Memphis, and I spent years in this city eating, writing, cooking, studying, and getting to know it block by block.
Articles, How-To's, and Tips

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.