Cheap Apartments for Rent in 38103
89 rentals
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Use arrow keys to navigatePET FRIENDLYINCOME RESTRICTED$900 - $1,200/mo
1-2 Beds
1 BathMerchants' & Cotton Exchange Apartments | 9 N 2nd St,
Memphis, TN 38103
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SPECIAL OFFERPET FRIENDLY$1,049 - $1,695/moStudio-2 Beds1-2 BathsSouth Junction Apartments | 9 E Carolina Ave,
Memphis, TN 38103
SPECIAL OFFERPET FRIENDLY
SPECIAL OFFERPET FRIENDLY$1,105 - $1,745/moStudio-2 Beds1-2 BathsThe Peabody Collection Apartments | 125 Gayoso Ave,
Memphis, TN 38103
SPECIAL OFFERPET FRIENDLYTotal price$1,111 - $1,891/mo1-2 Beds1-2 BathsRiverset Apartments | 100 Riverset Ln,
Memphis, TN 38103
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SPECIAL OFFERPET FRIENDLY$1,285 - $3,450/moStudio-3 Beds1-3 BathsThe Oliver Luxury Apartments | 7 Vance Ave,
Memphis, TN 38103
APPLY INSTANTLYPET FRIENDLYFURNISHED
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APPLY INSTANTLYPET FRIENDLYFURNISHED
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PET FRIENDLY$1,367 - $5,050/moStudio-2 Beds1-2 BathsThe Landing Residences | 1 Doctor Martin Luther King Junior Ave,
Memphis, TN 38103
PET FRIENDLY$1,369 - $2,279/mo1-2 Beds1-2 BathsIsland Park/Harbor Town Square | 1440 Island Park Dr,
Memphis, TN 38103
PET FRIENDLY
SPECIAL OFFERPET FRIENDLYTotal price$1,445 - $1,760/mo1-2 Beds1-2 BathsSouth Bluffs Apartments | 4 Riverview Dr W,
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 increased in Aug 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $1,995 |
| Oct 2025 | $2,076 |
| Nov 2025 | $2,095 |
| Dec 2025 | $1,985 |
| Jan 2026 | $1,800 |
| Feb 2026 | $1,749 |
| Mar 2026 | $1,769 |
| Apr 2026 | $1,995 |
| May 2026 | $1,792 |
| Jun 2026 | $2,050 |
| Jul 2026 | $1,948 |
| Aug 2026 | $1,995 |
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 | $1,442 | $2,200 | $2,374 | $2,910 | $1,995 |
| Townhomes | — | $2,300 | $2,475 | — | $2,300 |
| Apartments and Condos | $1,434 | $2,300 | $2,389 | — | $1,750 |
| Houses | — | $2,200 | $2,300 | $2,250 | $2,300 |
Frequently Asked Questions about Rentals in 38103
- What is the average rent of an apartment in 38103?The average rent of an apartment in 38103 is $2,129 per month. This is about 9% higher than the national average.
- When is the average rent cheapest in 38103?In the last year, the average rent in 38103 was lowest in Jul 2025 when it was $1,885 per month.
- When is the average rent most expensive in 38103?In the last year, the average rent in 38103 was highest in Aug 2025 when it was $2,154 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 $1,442 per month. That is about $160 more than the cost of a studio apartment.
- How many available rental listings are in 38103?There are 103 available rental listings 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.
View this page in Spanish: Apartamentos baratos en renta en 38103 - 328 Rentas | Trulia