
Apartments for Rent in the 38118 ZIP Code of Memphis, TN Under $600 (9 Rentals)


2705-2715 Cherry Rd

4659 Cottonwood Rd

The Residences at Lakeview
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.

El Dorado

1677 Echles St

Cedar Creek Apartments

Coronado Manor
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.

Ivy Chase Apartments
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 | $630 | $581 | $1,029 |
| 38118 1 Bedroom Apartments | $760 | $568 | $1,159 |
| 38118 2 Bedroom Apartments | $878 | $625 | $1,450 |
| 38118 3 Bedroom Apartments | $1,069 | $880 | $1,550 |
| 38118 4 Bedroom Apartments | $1,450 | $1,440 | $1,460 |
Browse Apartments in the 38118 Zip Code of Memphis
Explore Memphis

Frequently Asked Questions about the 38118 ZIP Code
How much are Studio apartments in 38118?
There are currently 12 Studio Apartments in 38118 with rent ranges from $581 to $1,029 with an average price of $630.
What is the current price range for One Bedroom 38118 Apartments for rent?
Today's rental pricing for One Bedroom Apartments in 38118 ranges from $568 to $1,159 with an average monthly rent of $760.
What does renting a Two Bedroom Apartment in 38118 cost?
The monthly rent prices of Two Bedroom Apartments currently available in 38118 range from $625 to $1,450. Today's average rental price for Two Bedrooms here is $878.
How expensive are 38118 Three Bedroom Apartments?
There are currently 39 Three Bedroom Apartments listings available in 38118 on ApartmentHomeLiving.com. The pricing ranges from $880 to $1,550 - averaging $1,069 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.
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.