Careers
Favorites
Advertise With Us
Log In
Create Search Alert
Get alerts when new listings become available in the Memphis area that match this search.
Email address:

Subscribed
Error! Please try again later.
Contact Property
Your Name

Email Address

Phone Number
Desired Move In Date
Desired Number of Bedrooms
Request a Tour Date

Ask a Question

Error! Please try again later.

Apartments in 38103

1 - 30 of 46 Results
25
$1,335 - 3,000
Harbor Island Apartments
5.0
444 Island Dr., Suite Memphis, TN
1 - 4 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Surface Parking
28
$1,000 - 1,725
266 Lofts
2.6
266 S Front St Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
25
$1,585 - 2,320
Grand Island Apartment Homes
3.2
300 Grand Island Drive Memphis, TN
1 - 3 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Surface Parking
0
$1,495
Schedule Today To See This Gorgeous Modern Downtown Condo Ready For Move In
731 Litty Ct #201 Memphis, TN
2 BR | Available Now
Contact
House
10
$1,800
2bd/2ba Condo Located Downtown! Rent Special: 1 Month Free For A 13 Month Lease
731 Litty Ct Unit 203 Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Pool
17
$1,275 - 2,155
99 Front
Deal
99 S Front St Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
18
$2,350
Spacious Downtown Home With 3 Floors! Vaulted Ceilings! Pets Are Owner's Approval.
1372 Island Town Dr Memphis, TN
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Storage
Disability Access
21
3D Tour
$1,159 - 3,245
Metro67
Deal
67 Madison Ave Memphis, TN
Studio - 3 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
17
$1,350
Loft Apartment Downtown Overlooking Auto Zone Park / Fresh Paint, Ss Appliances
245 Madison Ave Memphis, TN
1 BR | Available Now
Contact
House
Disability Access
Downtown Memphis
18
$2,490
1074 River Isle Dr
Memphis, TN
3 BR | Nov. 23, 2024
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Storage
35
$2,800
628 Denmark Dr
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
House
Balcony/Deck/Patio
Storage
Dishwasher
19
$2,300
2 W Ge Patterson Ave Unit 209
Memphis, TN
1 BR | Dec. 1, 2024
Contact
Balcony/Deck/Patio
Dishwasher
27
$2,500
420 S Front St Unit 102
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Storage
Dishwasher
South Forum
8
$2,300
1215 Misty Isle Drive
Memphis, TN
3 BR | Dec. 1, 2024
Contact
House
Dishwasher
Mud Island
5
$1,650
Harbor Island Apartments
444 Island Dr Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Balcony/Deck/Patio
0
$1,895
Rare Beautiful 2 Bedroom/2 Bath Condominium Now Available
580 S Main St #304 Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Dishwasher
South Forum
14
$1,500
80 Talbot Ave Unit 208
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
South Forum
5
$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
5
$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
0
$1,140
Modern Living At Madison19
670 Madison Ave Unit 303 Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
0
$2,350
Available Now!! Move In Special $250 Off Off First Months Rent!!
1463 Down Riv Memphis, TN
3 BR | Ask for Availability
Contact
House
Dishwasher
0
$1,850
Orleans Station Apartments
694 Madison Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
12
$1,020 - 1,510
Island Park And Harbor Town Square
1440 Island Park Drive Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Townhome
Section 8
0
$1,395
Fully Renovated 1 Br/ 1 Ba With Assigned Gated Parking In South Main Arts District Available Now!
77 Vance Ave #203 Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
South Forum
0
$3,575
Fully Furnished With 1/2 Off First Month's Rent!
200 Wagner Pl Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Fitness Center
Dishwasher
0
$1,150
Van Vleet Flats
105 S Main St Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
0
$3,695
New Construction Luxury Home In Downtown Memphis
714 Meditation Ln Memphis, TN
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
13
$999 - 2,225
The Chisca On Main
4.6
272 S. Main St Memphis, TN
Studio - 3 BR | Ask for Availability
Contact
Furnished
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
16
$1,525
Fielder Square Apartment Homes
1.0
70 South Fourth St Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
12
$1,375 - 1,450
South Junction Apartments
Deal
4.2
9 East Carolina Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Balcony/Deck/Patio
1 - 30 of 46 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 $1,000 $780 - $1,240
1BR $1,260 $1,000 - $1,700
2BR $1,650 $1,190 - $2,410
3BR $2,490 $1,640 - $2,790
4+BR $2,850 $2,350 - $3,700
Frequently Asked Questions

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

Rentable.co has 46 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 $1,410 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 $1,255 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 $999 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 209 units available for rent in this area. The average rent in 38103 is $1,420, with the minimum rent for a studio floor plan being $777.

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:
November Rent Report

Welcome to the November 2024 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 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

$1,200
$900
$600
$300
$0
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR       2 BR

Memphis Rent Prices Increase From October to November

Memphis rent prices increased over the last month. From October to November, the city experienced a 1.91% increase for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $1,015.0.

When we take a look at the two-bedroom comparison from October to November, Memphis experienced a 1.7% increase for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,137.0.

November Prices: Memphis vs. Surrounding Areas

Germantown, TN
Cordova, TN
Collierville, TN
Horn Lake, MS
Southaven, MS
Olive Branch, MS
Memphis, TN
Marion, AR
$1,571
$1,408
$1,377
$1,347
$1,287
$1,250
$996
$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, 5 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, Olive Branch, MS.

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

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

November 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
$4,211
$3,115
$2,373
$2,354
$1,903
$1,338
$1,246
$1,202
$996
$0
$1,400
$2,800
$4,200
$5,600
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 November 1 BR M/M % Change 2 BR November 2 BR M/M % Change
Memphis, TN $996.0 1.94% $1,118.0 2.85%
Cordova, TN $1,408.0 -0.85% $1,590.0 -0.75%
Southaven, MS $1,287.0 1.50% $1,409.0 0.43%
Horn Lake, MS $1,347.0 -2.81% $1,454.0 -3.65%
Collierville, TN $1,377.0 -0.36% $1,634.0 -0.24%
Marion, AR $825.0 0.00% $1,059.0 -0.28%
Olive Branch, MS $1,250.0 0.00% $1,360.0 0.59%
Germantown, TN $1,571.0 0.77% $1,864.0 -1.06%

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
Memphis Apartments by Neighborhood
Memphis Apartments by Bedrooms
Memphis Apartments by Affordability
Memphis Apartments with Amenities
Memphis Apartments by Type
Colleges Near Memphis
Memphis Apartments by Zip Code