
Cheap Homes for Rent in the 38118 ZIP Code of Memphis, TN from $300 (77 Rentals)Page 2 of 2
Search the lowest-cost Homes available for rent right now in the 38118 ZIP Code area of Memphis.


1749 Dearing Rd

3617 King James Cove

4168 Cochese Rd

3435 Clearbrook St

4073 Arrowhead Rd
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.

4748 Scottsdale Ave

4190 Arrowood Ave

2986 Meadowfair Rd

4022 Cochese Rd

3391 Boxdale St

5840 Knight Arnold Rd
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.

5573 Tulip Tree Dr

3216 Haraway St

3084 Greenbranch Dr

5962 Whisper Valley Dr

4816 Allrand Rd

3097 Argot Ave
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.

5636 Maple Tree Dr

2801 Alvin Ave

3193 Craig St

5697 Tulip Tree Dr

5121 Ginger Cir

3293 S Perkins Rd
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.

3086 Dothan St

4942 Foxhall Dr

3800 E Mallory Ave
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 | $878 | $625 | $1,450 |
| 38118 3 Bedroom Homes for Rent | $1,070 | $880 | $1,550 |
| 38118 4 Bedroom Homes for Rent | $1,450 | $1,440 | $1,460 |
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 $650 to $4,007, 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 $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.
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Articles, How-To's, and Tips

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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
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Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.