
Homes for Rent in the 38127 ZIP Code of Memphis, TN Under $1,500 (131 Rentals)


5341 Breckenwood Dr

1725 Claire Dr

1848 Baldwin Ave

4483 Sunny View Dr

2645 Mirror Ave

3805 Lake Park Cove

3081 Sunrise St

3400 Hallbrook St

2585 Callie Rd
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
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.

457 Fernhill Cove

1666 Via Roma Dr

1630 Via Roma Dr

667 Marsh Ave

3425 Ladue St

3133 Benjestown Rd

5204 Breckenwood Dr

3124 Boone St

3329 Denver St

3585 Winston Dr
Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City
Moving to the Bluff City? Get the insider’s guide on Memphis life, from specific neighborhood personalities and current average rent, to the best barbecue and live music spots.

2023 Whitney Ave

5095 Corkwood Dr

2662 Orman Ave

4374 Suncrest Dr

3547 Randolph St

1694 Claire Dr

3896 Ajanders Dr

3520 Pueblo Ave

3115 Signal St

3863 N Trezevant St
The Local Memphis Expert's Guide to Renting Near the City's Top Employers
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.

2714 James Rd

3603 Sunrise St

5336 Braden Dr

2927 Beechmont St

1517 Baxter Ave

5312 Plover Dr

1885 Dessa Dr

3580 Gowan Dr

3269 Sunrise St

1871 Cedarhurst Ave
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.

2208 Cassie Ave

2597 Henderson St

3521 Steele St

2986 Lake Park Rd

1290 Dellwood Ave

1911 The Oaks Ave

5099 Corkwood Dr

1570 Jay Cove

2348 Millbrook Ave

4043 Point Church Rd
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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.
Memphis, TN Local Guide

How much does it cost to rent an apartment in Memphis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 38127 2 Bedroom Homes for Rent | $1,219 | $745 | $2,781 |
| 38127 3 Bedroom Homes for Rent | $1,484 | $880 | $2,803 |
| 38127 4 Bedroom Homes for Rent | $1,828 | $1,680 | $1,850 |
Browse Homes for Rent in the 38127 Zip Code of Memphis
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Frequently Asked Questions about the 38127 ZIP Code
How much are larger Three and Four Bedroom Rentals in 38127?
For those who are looking for larger living arrangements, Three Bedroom Apartments in 38127 range from $650 to $4,029, while Three Bedroom Homes, Condos, and Townhomes for rent range from $880 to $2,803. Four Bedroom Single-Family rentals are also available starting from $1,680 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
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive
Written by: Joshua Carlucci
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.