Apartments in 38103

1 - 30 of 42 Results
28
$1,000 - 1,725
2.6
266 S Front St Memphis, TN
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
25
$1,335 - 3,000
444 Island Dr., Suite Memphis, TN
1 - 4 BR | Ask for Availability
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Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Surface Parking
25
$1,585 - 2,320
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
10
$1,800
731 Litty Ct Unit 203 Memphis, TN
2 BR | Available Now
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Storage
Disability Access
Pool
17
$1,130 - 2,155
Deal
99 S Front St Memphis, TN
Studio - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
21
3D Tour
$1,399 - 3,272
Deal
67 Madison Ave Memphis, TN
1 - 3 BR | Available Now
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Furnished
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
18
$2,495
Memphis, TN
2 BR | Ask for Availability
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House
1
$2,700
61 Vance Ave Unit 61 Memphis, TN
2 BR | Available Now
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House
Storage
Disability Access
Dishwasher
South Forum
1
$2,195
1372 Island Town Dr Memphis, TN
4 BR | Available Now
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Cat Friendly
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Storage
Disability Access
1
$1,850
580 S Main St #304 Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Covered Parking
Dishwasher
South Forum
1
$1,235
245 Madison Ave Memphis, TN
1 BR | Available Now
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Disability Access
Downtown Memphis
36
$1,850
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
Dishwasher
13
$999 - 2,225
272 S. Main St Memphis, TN
Studio - 3 BR | Ask for Availability
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Furnished
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
8
$775 - 1,400
110 Barboro Alley Memphis, TN
Studio - 1 BR | Ask for Availability
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Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Den
11
$925 - 1,400
267 South Main St Memphis, TN
Studio - 2 BR | Ask for Availability
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Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Dishwasher
0
$1,850
694 Madison Ave Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
12
$1,020 - 1,510
1440 Island Park Drive Memphis, TN
1 - 2 BR | Available Now
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Luxury
Townhome
Section 8
12
$1,000 - 1,800
125 Gayoso Ave Memphis, TN
1 - 2 BR | Ask for Availability
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Fitness Center
0
$1,140
670 Madison Ave Unit 107 Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
1
$2,125
1463 Down Riv Memphis, TN
3 BR | Ask for Availability
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House
Dishwasher
1
$1,195
77 Vance Ave #203 Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
House
South Forum
0
$1,150
105 S Main St Memphis, TN
1 BR | Available Now
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Cat Friendly
1
$2,095
1458 Island Town Cv Memphis, TN
3 BR | Available Now
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House
5
$1,000 - 1,800
99-105 South Main Street Memphis, TN
Studio - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
1
$2,295
1409 Island Pl E Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
9
$1,100
130 S Front St Memphis, TN
1 - 2 BR | Ask for Availability
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Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
5
$1,010 - 1,650
113 South Main Street Memphis, TN
1 - 2 BR | Ask for Availability
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Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
6
$1,020 - 1,850
66 South Main Street Memphis, TN
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Covered Parking
In Unit Laundry
Fitness Center
13
$2,150
282 Island Blf Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
16
$1,525
70 South Fourth St Memphis, TN
2 BR | Available Now
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Fitness Center
1 - 30 of 42 Results
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  3. 38103

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

38103 apartments
Bed Type Average Rent Range
Studio $980 $780 - $1,190
1BR $1,200 $1,000 - $1,650
2BR $1,650 $1,210 - $2,430
3BR $2,300 $1,610 - $2,580
4+BR $2,700 $2,200 - $3,000
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 197 units available for rent in this area. The average rent in 38103 is $1,440, with the minimum rent for a studio floor plan being $775.

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:
December Rent Report

Welcome to the December 2024 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2024 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
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
1 BR       2 BR

Memphis Rent Prices Increase From November to December

Memphis rent prices increased over the last month. From November to December, the city experienced a 2.36% increase for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $1,039.0.

When we take a look at the two-bedroom comparison from November to December, Memphis experienced a 1.93% increase for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,159.0.

December Prices: Memphis vs. Surrounding Areas

Germantown, TN
Cordova, TN
Southaven, MS
Collierville, TN
Horn Lake, MS
Memphis, TN
Marion, AR
$1,579
$1,402
$1,368
$1,368
$1,340
$1,015
$825
$0
$550
$1,100
$1,650
$2,200
Median 1 BR Rent

Rent Prices in Memphis and Surrounding Areas

Rent prices have increased 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 2 of the Memphis suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

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

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

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

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

December 2024 Pricing Trends: Memphis vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
Memphis, TN
$4,134
$3,160
$2,389
$2,353
$1,914
$1,318
$1,255
$1,234
$1,015
$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 on the rise. 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 December 1 BR M/M % Change 2 BR December 2 BR M/M % Change
Memphis, TN $1,015.0 1.91% $1,137.0 1.70%
Cordova, TN $1,402.0 -0.43% $1,580.0 -0.63%
Southaven, MS $1,368.0 6.29% $1,463.0 3.83%
Horn Lake, MS $1,340.0 -0.52% $1,450.0 -0.27%
Collierville, TN $1,368.0 -0.65% $1,627.0 -0.43%
Marion, AR $825.0 0.00% $1,046.0 -1.23%
Germantown, TN $1,579.0 0.51% $1,778.0 -4.61%

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.