
Homes for Rent in the 38118 ZIP Code of Memphis, TN Under $1,500 (84 Rentals)


3086 Dothan St

3293 S Perkins Rd

5121 Ginger Cir

3097 Argot Ave

3424 Boxdale St

3084 Greenbranch Dr

3193 Craig St

4816 Allrand Rd

3963 Kenosha Rd
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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.

4022 Cochese Rd

5252 Scottsdale Ave

3391 Boxdale St

4748 Scottsdale Ave

3050 Castleman St

3743 Oak Lake Ln

4073 Arrowhead Rd

3435 Clearbrook St

3617 King James Cove

2986 Meadowfair Rd
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3820 Bishops Bridge Rd

4190 Arrowood Ave

5059 Applewood Dr

3514 Clearbrook St

3403 Windy Hollow Cir

4450 Arnold Cove

3632 Cromwell Cove

4167 Cochese Rd

4167 Cochese Rd

2858 Phyllis Cove
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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.

4528 Sugar Creek Rd

3197 Clearbrook St

3056 Arrendale St

3350 ADELINE St

3208 Cookie Cove

3556 Arnold Rd

4704 Wild Plum Ct

4095 Kenosha Rd

3566 Morning Dew Ct

3344 Bestway Dr
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.

3381 CRISTIL St

4781 Townhouse Way

3518 Venable Rd

3385 Barbwood Dr

3990 Ashview Cove

3546 Christine Rd

2718 Marlene St

4077 Forest View Dr

3509 Arnold Rd

3414 Pine Ridge Ln
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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 | $877 | $625 | $1,450 |
| 38118 3 Bedroom Homes for Rent | $1,076 | $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 $600 to $4,029, 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.
Helpful Local Expert Guides

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

College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive
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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

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.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
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.