Apartments in 38103
59 rentals
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLYTotal price$1,445 - $1,735/mo
1-2 Beds
1-2 BathsSouth Bluffs Apartments | 4 Riverview Dr W,
Memphis, TN 38103
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SPECIAL OFFERPET FRIENDLY$1,100 - $1,740/moStudio-2 Beds1-2 BathsThe Peabody Collection Apartments | 125 Gayoso Ave,
Memphis, TN 38103
PET FRIENDLY
PET FRIENDLYINCOME RESTRICTED$900 - $1,200/mo1-2 Beds1 BathMerchants' & Cotton Exchange Apartments | 9 N 2nd St,
Memphis, TN 38103
NEW - 1 DAY AGOSPECIAL OFFERPET FRIENDLYTotal price$1,111 - $1,891/mo1-2 Beds1-2 BathsRiverset Apartments | 100 Riverset Ln,
Memphis, TN 38103
NEW - 1 DAY AGOPET FRIENDLY
PET FRIENDLY$1,459 - $2,365/mo1-2 Beds1-2 BathsIsland Park/Harbor Town Square | 1440 Island Park Dr,
Memphis, TN 38103
NEW - 1 DAY AGOSPECIAL OFFERPET FRIENDLY
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NEW - 1 DAY AGOPET FRIENDLY$1,352 - $5,034/moStudio-2 Beds1-2 BathsThe Landing Residences | 1 Doctor Martin Luther King Junior Ave,
Memphis, TN 38103
NEW - 1 DAY AGOSPECIAL OFFERPET FRIENDLY$1,285 - $3,450/moStudio-3 Beds1-3 BathsThe Oliver Luxury Apartments | 7 Vance Ave,
Memphis, TN 38103
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Average Rent Trends in 38103
Rent in 38103 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent for a apartment stayed about the same in Aug 2026 compared to the previous month. Rent for apartments peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $1,627 |
| Oct 2025 | $1,655 |
| Nov 2025 | $1,582 |
| Dec 2025 | $1,564 |
| Jan 2026 | $1,534 |
| Feb 2026 | $1,519 |
| Mar 2026 | $1,550 |
| Apr 2026 | $1,585 |
| May 2026 | $1,642 |
| Jun 2026 | $1,594 |
| Jul 2026 | $1,656 |
| Aug 2026 | $1,659 |
Average Rent By Bedroom and Home Type
In August 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,450 | $2,050 | $2,500 | $2,250 | $1,950 |
| Townhomes | — | $2,300 | — | — | $2,300 |
| Apartments and Condos | $1,450 | $2,200 | $2,939 | — | $1,900 |
| Houses | — | $2,200 | $2,433 | $2,250 | $2,433 |
Frequently Asked Questions about Apartments and Condos for rent in 38103
- What is the average rent of an apartment in 38103?The average rent of an apartment in 38103 is $1,659 per month. This is about 16% lower than the national average.
- When is the average rent for an apartment cheapest in 38103?In the last year, the average rent in 38103 was lowest in Apr 2025 when it was $1,528 per month.
- When is the average rent for an apartment most expensive in 38103?In the last year, the average rent in 38103 was highest in Aug 2025 when it was $1,717 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 38103?The average rent of a 1 bedroom apartment in 38103 is $1,451 per month. That is about $211 more than the cost of a studio apartment.
- How many apartments or condos are available to rent in 38103?There are 72 available apartments or condos to rent in 38103.
- What are some cities near 38103?Some nearby cities include: West Memphis, Memphis, Marion, Sunset, Clarkedale, Jericho. These cities may have more rental options to explore.
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