Apartments for Rent in the 38122 ZIP Code of Memphis, TN Under $1,500 (92 Rentals)

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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 4535 Violet Cove

$1,490

Total Monthly Price

Total Monthly Price

Base Rent
$1,490
Total Monthly Price
$1,490

3 Bedroom, 2 Bath Home for Rent

Available Now

4535 Violet Cove

MemphisTN38122
property at 4914 Durbin Ave

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395
Total Monthly Price
$1,395

3 Bedroom, 2 Bath Home for Rent

Available Now

4914 Durbin Ave

MemphisTN38122
property at 961 N Perkins Rd

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395
Total Monthly Price
$1,395

3 Bedroom, 1 Bath Home for Rent

Available Now

961 N Perkins Rd

MemphisTN38122

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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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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property at 964 Elizabeth Ln

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

3 Bedroom, 1 Bath Home for Rent

Available Now

964 Elizabeth Ln

MemphisTN38122
Showing Results 1-50, Page 1 of 2

Frequently Asked Questions about the 38122 ZIP Code

What is the current price range for One Bedroom 38122 Apartments for rent?

Today's rental pricing for One Bedroom Apartments in 38122 ranges from $445 to $995 with an average monthly rent of $802.

What does renting a Two Bedroom Apartment in 38122 cost?

The monthly rent prices of Two Bedroom Apartments currently available in 38122 range from $445 to $1,590. Today's average rental price for Two Bedrooms here is $961.

How expensive are 38122 Three Bedroom Apartments?

There are currently 9 Three Bedroom Apartments listings available in 38122 on ApartmentHomeLiving.com. The pricing ranges from $935 to $1,548 - averaging $1,105 for the location.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.