
Cheap Apartments for Rent in the 38120 ZIP Code of Memphis, TN from $300 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in the 38120 ZIP Code area of Memphis.


Poplar Place Townhomes

6774 Enchanted Oak Pl, Unit 3, Unit 3

Arbors River Oaks Apartments

The Edge of Germantown

Madison Shelby Farms

6680 Whispering Oaks
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

6680 Whispering Oak Pl

6699 Whispering Oak Pl

6765 Quail Hollow Ct

6747 Quail Hollow Ct

6705 Majestic Oak Pl

1714 Ridge Oak Pl

6770 Enchanted Oak Pl
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.

6696 Whispering Oak Pl

The View at Shelby Farms

240 Flats

Fairfax Manor Townhomes

Park Place at Shelby Farms

The Roxbury

Brookhaven Lofts
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

The Bridges at Germantown Apartments

The Grove Germantown Apartments

Velo Shelby Farms

The Vineyards

Poplar Pines Apartments

Colonial Apartments

1869 Poplar Woods Cir E
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.
Memphis, TN Local Guide

How much does it cost to rent an apartment in 38120?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 38120 Studio Apartments | $1,424 | $999 | $1,814 |
| 38120 1 Bedroom Apartments | $1,362 | $916 | $3,723 |
| 38120 2 Bedroom Apartments | $1,669 | $1,008 | $4,050 |
| 38120 3 Bedroom Apartments | $2,078 | $1,499 | $5,502 |
| 38120 4 Bedroom Apartments | $1,800 | $1,800 | $1,800 |
Browse Apartments in the 38120 Zip Code of Memphis
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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.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.