Homes for Rent in the 38118 ZIP Code of Memphis, TN Under $1,500 (139 Rentals)

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property at 4798 Chuck Ave

$1,475

Total Monthly Price

Total Monthly Price

Base Rent
$1,475
Total Monthly Price
$1,475

4 Bedroom, 2 Bath Rentals

Available Now

4798 Chuck Ave

MemphisTN38118
property at 3045 Beauchamp Dr

$1,420

Total Monthly Price

Total Monthly Price

Base Rent
$1,420
Total Monthly Price
$1,420

4 Bedroom, 2 Bath Rentals

Available Now

3045 Beauchamp 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.

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property at 4387 Cottonwood Rd

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,338
Required Monthly Fees
$12
Total Monthly Price
$1,350

3 Bedroom, 1 Bath Rentals

Available Now

4387 Cottonwood Rd

MemphisTN38118

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.

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property at 4547 Almo Ave

$1,315

Total Monthly Price

Total Monthly Price

Base Rent
$1,315
Total Monthly Price
$1,315

3 Bedroom, 1 Bath Rentals

Available Now

4547 Almo Ave

MemphisTN38118

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.

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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.

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property at 2882 Cottonwood Cove

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,188
Required Monthly Fees
$12
Total Monthly Price
$1,200

3 Bedroom, 1 Bath Rentals

Available Now

2882 Cottonwood Cove

MemphisTN38118
property at 4559 Cottonwood Rd

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195
Total Monthly Price
$1,195

3 Bedroom, 2 Bath Rentals

Available Now

4559 Cottonwood Rd

MemphisTN38118
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.