
Cheap Apartments for Rent in the 38157 ZIP Code of Memphis, TN from $300 (219 Rentals)Page 2 of 5
Search the lowest-cost Apartments available for rent right now in the 38157 ZIP Code area of Memphis.


The Park at New Castle

The Nova Apartments

The Boulevard

The Local Apartments

Tillman Cove

Getwell Pointe Apartments

Greenline Apartments

The Courtyard Apartments

Macon Manor
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.

Summerwood

Shadowbrook Townhomes

3476 Spottswood Ave

The Parkway

Aspen Parc

The Landing on the Strip

Crossings at Fox Meadows

Hickory Grove

Addison Apartments III

Ridgeway Pines
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.

Hickory Pointe

Macon Crossing Apartments

Audubon Downs

Azure Place Apartments

Emerald Pointe

The Tower at Kent

The Elevation at Autumn Ridge

The Bowery

The District Apartments

Oak Grove Flats
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.

Brentwood Apartments

Tranquility at Hickory Hill Senior Apartments

108 N Holmes St

3583 Watauga Ave

1196 Aubra Rd

The Brooklyn Memphis

Total Monthly Price
The Den Apartments

The Summereast Apartments

45-47 N Humes St

Spottswood Manor
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.

Landings At Winchester

Autumn Ridge Apartments

The Ellington at Kirby

Canterbury Woods Apartments

Deerfield Apartments

Forrest Cove

Total Monthly Price
The Grove at Patterson - Bldg 592

Link Apartments® Broad Ave

Arbors of Century Center

Southern Place
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 38157?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 38157 Studio Apartments | $944 | $581 | $1,888 |
| 38157 1 Bedroom Apartments | $954 | $547 | $2,823 |
| 38157 2 Bedroom Apartments | $1,083 | $650 | $3,722 |
| 38157 3 Bedroom Apartments | $1,392 | $550 | $3,789 |
| 38157 4 Bedroom Apartments | $1,355 | $550 | $2,410 |
Browse Apartments in the 38157 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.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.