
Cheap Homes for Rent in the 38118 ZIP Code of Memphis, TN from $300 <span class="rental_count">(121 Rentals)</span>Page 2 of 3
Search the lowest-cost Homes available for rent right now in the 38118 ZIP Code area of Memphis.


Furnished Studio-Memphis - Airport

4270 Cary Hill Dr

3350 Adeline St

4702 Chevron Rd

3486 Meier Dr

4202 Knight Arnold Rd

4833 Scottsdale Ave

1755 Cornelia Ln

3129 Domar 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.

5833 S Newberry Ln

4558 Almo Ave

5833 S Newberry Ln

5010 Rossi Cove

5607 Maple Tree Dr

5555 Blossom Ln

5584 Blossom Ln

3856 Jasmine Dr

2922 Knight Rd

5825 Plum Valley Dr
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

3645 Brompton Rd

3141 Arrendale St

1754 Danville Rd

4555 Willow Rd

5588 Clarke Address, Unit 5588

5129 Kittie Lee Ln

4225 Arrowhead Rd

4071 Kenosha Rd

4354 Clarke Rd

4847 Daphne Rd

3712 Firethorne Dr

3710 Elm Park Rd

4936 Leven Rd

2868 Summerhurst St

1837 Danville Rd

3408 Clearbrook St

5668 Winter Tree Dr

3243 Holly Berry Dr

3538 Arnold Rd

4393 Cottonwood Rd

3035 Christine Rd

3556 Christine Rd

4387 Cottonwood Rd

5399 Meadowick Ave

3411 Emerald St

3347 Clearbrook St

4458 Medley Ln

2869 Knightway Cove

5017 Penwood Cove

5812 Ashridge Pl
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 | $890 | $707 | $1,450 |
| 38118 3 Bedroom Homes for Rent | $1,026 | $849 | $1,550 |
| 38118 4 Bedroom Homes for Rent | $1,460 | $1,460 | $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 $675 to $5,280, while Three Bedroom Homes, Condos, and Townhomes for rent range from $849 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

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

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!