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Apartments in 38103

1 - 30 of 37 Results
1
2024 Construction - Modern 4 Bedroom Home In Downtown Memphis!! Apartment for rent in Memphis, TN
$4,149
2024 Construction - Modern 4 Bedroom Home In Downtown Memphis!!
710 Meditation Ln Memphis, TN
4 BR | Available Now
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1
628 Madison Apartment for rent in Memphis, TN
$1,200
628 Madison
628 Madison Ave #101 Memphis, TN
1 BR | Available Now
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17
99 Front Apartments Apartment for rent in Memphis, TN
$1,125 - 2,155
99 Front Apartments
Deal
99 S Front St Memphis, TN
Studio - 2 BR | Available Now
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21
3D Tour
Metro67 Apartment for rent in Memphis, TN
$1,409 - 3,186
Metro67
Deal
67 Madison Ave Memphis, TN
1 - 2 BR | Available Now
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37
628 Denmark Dr Apartment for rent in Memphis, TN
$2,650
628 Denmark Dr
Memphis, TN
3 BR | Available Now
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1
Absolutely Adorable Townhome In Downtown Memphis Apartment for rent in Memphis, TN
$2,700
Absolutely Adorable Townhome In Downtown Memphis
61 Vance Ave Unit 61 Memphis, TN
2 BR | Available Now
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28
118 Fleets Island Drive Apartment for rent in Memphis, TN
$2,500
118 Fleets Island Drive
Memphis, TN
3 BR | Jul. 11, 2025
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10
1220 Harbor River Dr Unit 0 Apartment for rent in Memphis, TN
$3,075
1220 Harbor River Dr Unit 0
Memphis, TN
3 BR | Available Now
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1
Charming 3 Bd 2 Bath On Mud Island With Fenced In Patio. Pets Are Allowed, Fees Apply. Apartment for rent in Memphis, TN
$2,100
Charming 3 Bd 2 Bath On Mud Island With Fenced In Patio. Pets Are Allowed, Fees Apply.
153 Marrakesh Cir Memphis, TN
3 BR | Available Now
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1
Gorgeous 1 Bd 1 Bath Condo In City Lights Condos. Includes One Reserved Parking Space Great City View.. Pets Are Not Allowed. Owner Will Manage.. Apartment for rent in Memphis, TN
$1,495
Gorgeous 1 Bd 1 Bath Condo In City Lights Condos. Includes One Reserved Parking Space Great City View.. Pets Are Not Allowed. Owner Will Manage..
21 Mina Ave Memphis, TN
1 BR | Available Now
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0
South Main Flats Apartment for rent in Memphis, TN
$1,450 - 1,835
South Main Flats
105 S Main St Memphis, TN
1 - 2 BR | Available Now
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0
Orleans Station Apartments Apartment for rent in Memphis, TN
$1,300 - 1,900
Orleans Station Apartments
694 Madison Ave Memphis, TN
1 - 2 BR | May. 19, 2025
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0
Barboro Alley Flats Apartment for rent in Memphis, TN
$1,050 - 1,795
Barboro Alley Flats
105 S Main St Memphis, TN
1 - 2 BR | Available Now
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12
Island Park And Harbor Town Square Apartment for rent in Memphis, TN
$1,020 - 1,510
Island Park And Harbor Town Square
1440 Island Park Drive Memphis, TN
1 - 2 BR | Available Now
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Townhome
Section 8
0
Van Vleet Flats Apartment for rent in Memphis, TN
$1,355 - 1,690
Van Vleet Flats
105 S Main St Memphis, TN
1 - 2 BR | Available Now
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1
Large 3 Bd 2.5 Bath With All New Paint! Fenced In Yard And Screened In Porch!! Apartment for rent in Memphis, TN
$2,750
Large 3 Bd 2.5 Bath With All New Paint! Fenced In Yard And Screened In Porch!!
1390 Island Town Dr Memphis, TN
3 BR | Available Now
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6
Radio Center Flats Apartment for rent in Memphis, TN
$1,020 - 1,850
Radio Center Flats
5.0
66 South Main Street Memphis, TN
1 - 2 BR | Available Now
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28
266 Lofts Apartment for rent in Memphis, TN
$1,000 - 1,725
266 Lofts
2.6
266 S Front St Memphis, TN
1 - 2 BR | Available Now
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12
Pembroke Square Apartment for rent in Memphis, TN
$1,000 - 1,800
Pembroke Square
5.0
125 Gayoso Ave Memphis, TN
1 - 2 BR | Ask for Availability
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13
The Chisca On Main Apartment for rent in Memphis, TN
$999 - 2,225
The Chisca On Main
4.6
272 S. Main St Memphis, TN
Studio - 3 BR | Ask for Availability
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Furnished
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5
Main Street Flats Apartment for rent in Memphis, TN
$1,000 - 1,800
Main Street Flats
3.0
99-105 South Main Street Memphis, TN
Studio - 2 BR | Available Now
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16
$1,525
Fielder Square Apartment Homes
1.0
70 South Fourth St Memphis, TN
2 BR | Available Now
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25
$1,335 - 3,000
Harbor Island Apartments
5.0
444 Island Dr., Suite Memphis, TN
1 - 4 BR | Ask for Availability
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Surface Parking
5
$1,010 - 1,650
The Cornerstone Flats
3.0
113 South Main Street Memphis, TN
1 - 2 BR | Ask for Availability
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11
$925 - 1,400
The W. L. Apartments
5.0
267 South Main St Memphis, TN
Studio - 2 BR | Ask for Availability
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Cat Friendly
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Balcony/Deck/Patio
Dishwasher
8
$775 - 1,400
The Lofts At Union Alley
5.0
110 Barboro Alley Memphis, TN
Studio - 1 BR | Ask for Availability
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In Unit Laundry
Den
5
$1,650
Harbor Island Apartments
444 Island Dr Memphis, TN
2 BR | Available Now
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Balcony/Deck/Patio
12
$1,375 - 1,450
South Junction Apartments
Deal
4.2
9 East Carolina Ave Memphis, TN
2 BR | Available Now
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Luxury
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6
3D Tour
$1,100 - 1,550
South Bluffs Apartments
4.0
4 Riverview Drive W Memphis, TN
1 - 2 BR | Available Now
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Short-term
9
$1,100
Gayoso House
4.9
130 S Front St Memphis, TN
1 - 2 BR | Ask for Availability
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1 - 30 of 37 Results
  1. Home
  2. Memphis
  3. 38103

How much does it cost to rent an apartment in 38103?

38103 apartments
Bed Type Average Rent Range
Studio $1,060 $780 - $1,230
1BR $1,250 $1,000 - $1,590
2BR $1,650 $1,200 - $2,180
3BR $2,500 $1,610 - $3,080
Frequently Asked Questions

How many apartments are available in 38103 on Rentable.co?

Rentable.co has 37 apartments available for rent in 38103.

What is the average rent for an apartment in 38103?

The average rent for an apartment in 38103 is around $1,400 per month.

What is the average rent for a one-bedroom apartment in 38103?

The average rent for a one-bedroom apartment in 38103 is around $1,250 per month.

What is the average rent for a two-bedroom apartment in 38103?

The average rent for a two-bedroom apartment in 38103 is around $1,650 per month.

What is the average rent for a studio apartment in 38103?

The average rent for a studio apartment in 38103 is around $1,062 per month.

Find an Apartment in 38103
If you're searching for apartments for rent in the 38103 zip code in Memphis, TN, Rentable has you covered. Currently, there are 206 units available for rent in this area. The average rent in 38103 is $1,400, with the minimum rent for a studio floor plan being $782.

When it comes to neighborhoods, the top choices in 38103 are South Forum and Mud Island. These neighborhoods offer a vibrant and diverse community atmosphere.

Living in the 38103 zip code provides easy access to a range of amenities and attractions. Nearby points of interest include various parks where you can enjoy outdoor activities and relax. The cultural offerings and entertainment options in Memphis, TN are also easily accessible from apartments near 38103.

Ready to find your perfect rental in the 38103 area? Explore Rentable's apartments in 38103 and discover the ideal place to call home.

Memphis:
May Rent Report

Welcome to the May 2025 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2025 key findings and figures for the Memphis rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Memphis and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Memphis average rent prices in the chart below.

Monthly Rent Report

$1,250
$940
$630
$310
$0
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
Jan. 2025
Feb. 2025
Mar. 2025
Apr. 2025
May. 2025
1 BR       2 BR

Memphis Rent Prices Decrease From April to May

Memphis rent prices decreased over the last month. From April to May, the city experienced a -1.09% decrease for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $999.0.

When we take a look at the two-bedroom comparison from April to May, Memphis experienced a -1.03% decrease for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,152.0.

May Prices: Memphis vs. Surrounding Areas

Germantown, TN
Lakeland, TN
Collierville, TN
Cordova, TN
Horn Lake, MS
Southaven, MS
Memphis, TN
Marion, AR
$2,076
$1,956
$1,457
$1,421
$1,372
$1,312
$1,010
$812
$0
$700
$1,400
$2,100
$2,800
Median 1 BR Rent

Rent Prices in Memphis and Surrounding Areas

Rent prices have decreased in Memphis over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 4 of the Memphis suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Cordova, TN, Southaven, MS, Collierville, TN, Germantown, TN .

  • Rent decreased in Horn Lake, MS, Lakeland, TN, Marion, AR.

  • 6 suburbs are currently priced higher than the city of Memphis.

  • 1 suburb is currently priced lower than the city of Memphis.

May 2025 Pricing Trends: Memphis vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
Memphis, TN
$4,098
$3,173
$2,343
$2,342
$1,887
$1,310
$1,243
$1,230
$1,010
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Memphis Rent Prices More Affordable Than Major Cities

Rent growth in Memphis over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Memphis average rent prices appear to be relatively affordable for local residents.

The price for a Memphis one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Memphis and surrounding area rent prices, take a look at the complete data set below.

Data set for Memphis and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
Memphis, TN $1,010.0 -1.37% $1,164.0 -1.36%
Cordova, TN $1,421.0 1.14% $1,580.0 0.96%
Southaven, MS $1,312.0 4.96% $1,341.0 8.94%
Collierville, TN $1,457.0 4.82% $1,641.0 0.55%
Horn Lake, MS $1,372.0 -0.15% $1,355.0 -3.63%
Germantown, TN $2,076.0 1.87% $2,467.0 0.20%
Lakeland, TN $1,956.0 -2.98% $2,163.0 -1.28%
Marion, AR $812.0 0.00% $950.0 -1.66%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.

Browse Memphis Apartments
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