Apartments in 38103

31 - 36 of 36 Results

6

Van Fleet Flats Apartment for rent in Memphis, TN

$1,200 - 1,850

Van Fleet Flats

5.0

122 Gayoso Avenue Memphis, TN

1 - 2 BR | Available Now

Contact

Dog Friendly

Cat Friendly

Section 8

Air Conditioning

Covered Parking

13

3D Tour

South Line Apartment for rent in Memphis, TN

$885 - 1,590

South Line

4.5

676 S Front St Memphis, TN

Studio - 2 BR | Available Now

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Dog Friendly

Cat Friendly

Virtual Tour

Luxury

In Unit Laundry

24

Arbors Harbor Town Apartment for rent in Memphis, TN

$1,025 - 1,777

Arbors Harbor Town

2.9

671 Harbor Edge Drive Memphis, TN

1 - 3 BR | Available Now

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Dog Friendly

Cat Friendly

Luxury

Balcony/Deck/Patio

Fitness Center

5

Fielder Square Apartment for rent in Memphis, TN

$823 - 1,370

Fielder Square

70 S 4th St Memphis, TN

Studio - 2 BR | Available Now

Contact

Furnished

Dog Friendly

Cat Friendly

Luxury

Section 8

5

Riverset Apartment Homes Apartment for rent in Memphis, TN

$905 - 1,055

Riverset Apartment Homes

100 Riverset Lane Memphis, TN

1 - 2 BR | Available Now

Contact

Dog Friendly

Cat Friendly

Luxury

In Unit Laundry

Balcony/Deck/Patio

25

Grand Island Apartment Homes Apartment for rent in Memphis, TN

$1,585 - 2,320

Grand Island Apartment Homes

3.2

300 Grand Island Drive Memphis, TN

1 - 3 BR | Ask for Availability

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Dog Friendly

Cat Friendly

Luxury

Air Conditioning

Surface Parking

31 - 36 of 36 Results

Home
Memphis
38103

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 212 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 $792.

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:
June Rent Report

Welcome to the June 2025 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the June 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

Jul. 2024

Aug. 2024

Sep. 2024

Oct. 2024

Nov. 2024

Dec. 2024

Jan. 2025

Feb. 2025

Mar. 2025

Apr. 2025

May. 2025

Jun. 2025

1 BR 2 BR

Memphis Rent Prices Decrease From May to June

Memphis rent prices decreased over the last month. From May to June, the city experienced a -0.3% decrease for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $996.0.

When we take a look at the two-bedroom comparison from May to June, Memphis experienced a -0.69% decrease for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,144.0.

June Prices: Memphis vs. Surrounding Areas

Germantown, TN

Lakeland, TN

Collierville, TN

Cordova, TN

Southaven, MS

Horn Lake, MS

Memphis, TN

Marion, AR

$2,135

$1,852

$1,509

$1,431

$1,377

$1,376

$999

$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 5 of the Memphis suburbs increased last month. On the other hand, 2 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, Horn Lake, MS, Germantown, TN .
Rent decreased in 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.

June 2025 Pricing Trends: Memphis vs. National Comparisons

New York, NY

San Francisco, CA

Washington, DC

Los Angeles, CA

Chicago, IL

Columbus, OH

Pittsburgh, PA

Minneapolis, MN

Memphis, TN

$4,101

$3,197

$2,350

$2,316

$1,870

$1,341

$1,263

$1,247

$999

$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 June	1 BR M/M % Change	2 BR June	2 BR M/M % Change
Memphis, TN	$999.0	-1.09%	$1,152.0	-1.03%
Cordova, TN	$1,431.0	0.70%	$1,594.0	0.89%
Southaven, MS	$1,377.0	4.95%	$1,448.0	7.98%
Collierville, TN	$1,509.0	3.57%	$1,646.0	0.31%
Horn Lake, MS	$1,376.0	0.29%	$1,368.0	0.96%
Lakeland, TN	$1,852.0	-5.32%	$2,145.0	-0.83%
Germantown, TN	$2,135.0	2.84%	$2,501.0	1.38%
Marion, AR	$812.0	0.00%	$950.0	0.00%

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.