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$600Studio Apartments Available Now
2715 Cherry Rd, Unit 2407
2715 Cherry RdMemphis, TN 38118
Cheap Homes for Rent in the 38118 ZIP Code of Memphis, TN from $300 (76 Rentals)
Search the lowest-cost Homes available for rent right now in the 38118 ZIP Code area of Memphis.
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$7001 Bedroom Apartments Available Now
2715 Cherry Rd, Unit 1249
2715 Cherry RdMemphis, TN 38118
5654 Encino Cv, Unit 5654 Encino
5654 Encino Cv
MemphisTN38115
3743 Cambridge Station Dr
MemphisTN38115
4781 Townhouse Way
MemphisTN38118
2786 Mojave Pl, Unit #2
2786 Mojave Pl
MemphisTN38115
2601 Kenner Ave
MemphisTN38114
2827 Sonora Dr
MemphisTN38115
2961 Southwall St
MemphisTN38114
3992 Ashview Cove
MemphisTN38118
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.
5655 Myers Rd
MemphisTN38115
5656 Encino Cove
MemphisTN38115
5546 Apple Blossom Dr
MemphisTN38115
3614 Mary Cove
MemphisTN38111
5440 Flowering Peach Dr
MemphisTN38115
3249-3213 13 Colony Mall
MemphisTN38115
3232-3213 13 Colony Mall
MemphisTN38115
3247-3213 13 Colony Mall
MemphisTN38115
3207-3213 13 Colony Mall
MemphisTN38115
1771 Wildrose St
MemphisTN38114
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
3385 Barbwood Dr
MemphisTN38118
3548 Christine Rd
MemphisTN38118
1855 Ezell St
MemphisTN38111
3592 Christine Rd
MemphisTN38118
3594 Christine Rd
MemphisTN38118
3636 Venable Rd
MemphisTN38118
4701 Queens Lace Ct
MemphisTN38118
3344 Bestway Dr
MemphisTN38118
4730 Columbine Ct
MemphisTN38118
4528 Sugar Creek Rd
MemphisTN38118
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.
5654 San Mateo, Unit San Mateo
5654 San Mateo
MemphisTN38115
4722 Queens Lace Ct
MemphisTN38118
5393 Sputnik Dr
MemphisTN38118
1857 S Perkins Rd
MemphisTN38117
4082 Knight Arnold Rd
MemphisTN38118
2839 Summerhurst St
MemphisTN38118
3056 Arrendale St
MemphisTN38118
5059 Applewood Dr
MemphisTN38118
1802 Dorrie Ln
MemphisTN38117
3308 Burgess Dr
MemphisTN38118
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.
2875 Knightway Cove
MemphisTN38118
5588 Clarke Address, Unit 5588
5588 Clarke Address
MemphisTN38115
4450 Arnold Cove
MemphisTN38118
5656 San Mateo Cove
MemphisTN38115
4375 Misty Morning Dr
MemphisTN38141
4534 Villagreen Dr
MemphisTN38118
5660 Pathway Cir
MemphisTN38115
4872 Burgess Cove
MemphisTN38118
3120 Beauchamp Dr
MemphisTN38118
3409 Clearbrook St
MemphisTN38118
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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Memphis, TN Local Guide
How much does it cost to rent an apartment in Memphis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 38118 2 Bedroom Homes for Rent | $871 | $625 | $1,450 |
| 38118 3 Bedroom Homes for Rent | $1,068 | $880 | $1,550 |
| 38118 4 Bedroom Homes for Rent | $1,453 | $1,440 | $1,460 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in the 38118 Zip Code of Memphis
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Frequently Asked Questions about the 38118 ZIP Code
How much are larger Three and Four Bedroom Rentals in 38118?
For those who are looking for larger living arrangements, Three Bedroom Apartments in 38118 range from $575 to $5,007, while Three Bedroom Homes, Condos, and Townhomes for rent range from $880 to $1,550. Four Bedroom Single-Family rentals are also available starting from $1,440 and Four Bedroom Apartments start at $550.
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
Memphis, Tennessee: A Local Expert's 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.
The Local Memphis Expert's Guide to Renting Near the Citys Top Employers
Written by: Joshua Carlucci
I'm Josh, your ApartmentHomeLiving.
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.
Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.