
Homes for Rent in the 38127 ZIP Code of Memphis, TN Under $1,500 (140 Rentals)


4085 Steele St

4483 Sunny View Dr

2645 Mirror Ave

4312 Coventry Dr

3400 Hallbrook St
4446 Beacon Hls Dr

1473 Oberle Ave

3858 Ajanders Dr

3187 E Shirley Cir
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.

667 Marsh Ave

3405 Medford Cove

3585 Winston Dr

2023 Whitney Ave

3133 Benjestown Rd

3329 Denver St

774 Frayser Dr

5095 Corkwood Dr

3270 Frayser View Dr

5267 Broken Oak Dr
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

5341 Breckenwood Dr

4374 Suncrest Dr

3896 Ajanders Dr

3766 Argonne St

3122 Spring Hill Dr

691 Creekstone Cir

1678 Alta Vista Ave

2185 Slocum Ave

3854 Ajanders Dr

3419 Mountain Terrace 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.

1922 St Elmo Ave

3154 Branch St

1939 Tulsa Ave

3863 N Trezevant St

1694 Claire Dr

3805 Lake Park Cove

1616 Winston Dr

2851 Manndale Dr

1440 Whitney Ave

2166 Fortune 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.

2451 Debby Cove

2590 Nadine Ave

1517 Baxter Ave

5166 Broken Oak Dr

2048 Whitney Ave

3825 Range Line Rd

4235 Argonne St

1570 Jay Cove

1290 Dellwood Ave

1863 Burnham Ave
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.
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 | $1,343 | $735 | $3,327 |
| 38127 3 Bedroom Homes for Rent | $1,495 | $880 | $3,445 |
| 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 $550 to $4,137, while Three Bedroom Homes, Condos, and Townhomes for rent range from $880 to $3,445. Four Bedroom Single-Family rentals are also available starting from $1,680 and Four Bedroom Apartments start at $550.
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

Memphis, Tennessee: A Local Expert's 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.

The Local Memphis Expert's Guide to Renting Near the Citys Top Employers
Written by: Joshua Carlucci
I'm Josh, your ApartmentHomeLiving.

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.

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Articles, How-To's, and Tips

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.