Cheap Homes for Rent in the 38118 ZIP Code of Memphis, TN from $300 (139 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes 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.

Read Article

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.

Read Article
property at 3020 Capri St

$1,055

Total Monthly Price

Total Monthly Price

Base Rent
$1,055
Total Monthly Price
$1,055

3 Bedroom, 1.1 Bath Rentals

Available Now

3020 Capri St

MemphisTN38118
property at 4442 Old Quarry Rd

$1,060

Total Monthly Price

Total Monthly Price

Base Rent
$1,060
Total Monthly Price
$1,060

3 Bedroom, 1 Bath Rentals

Available Now

4442 Old Quarry Rd

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.

Read Article
property at 5812 Ashridge Pl

$1,145

Total Monthly Price

Total Monthly Price

Base Rent
$1,134
Required Monthly Fees
$11
Total Monthly Price
$1,145

3 Bedroom, 2 Bath Rentals

Available Now

5812 Ashridge Pl

MemphisTN38141

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.

Read Article

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.

Read Article
Showing Results 1-50, Page 1 of 3

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 $675 to $6,119, while Three Bedroom Homes, Condos, and Townhomes for rent range from $865 to $1,550. Four Bedroom Single-Family rentals are also available starting from $1,460 and Four Bedroom Apartments start at $599.

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

decorative image for Affordable Memphis: The Best Lower Priced Neighborhoods with Character article

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 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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.