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Apartments in 38103

1 - 30 of 34 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 | May. 15, 2025
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17
99 Front Apartments Apartment for rent in Memphis, TN
99 Front Apartments Apartment for rent in Memphis, TN
$1,130 - 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
$1,432 - 3,078
Metro67
Deal
67 Madison Ave Memphis, TN
1 - 2 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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Storage
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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 | May. 12, 2025
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10
1220 Harbor River Dr Unit 0 Apartment for rent in Memphis, TN
$3,100
1220 Harbor River Dr Unit 0
Memphis, TN
3 BR | Available Now
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Balcony/Deck/Patio
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1
Islandplacee1099 Apartment for rent in Memphis, TN
$2,325
Islandplacee1099
1099 E Island Pl Memphis, TN
3 BR | Available Now
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Storage
Mud Island
0
South Main Flats Apartment for rent in Memphis, TN
$1,465 - 1,515
South Main Flats
105 S Main St Memphis, TN
1 BR | Available Now
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0
Van Vleet Flats Apartment for rent in Memphis, TN
$1,355 - 1,785
Van Vleet Flats
105 S Main St Memphis, TN
1 - 2 BR | Available Now
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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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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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Dog Friendly
Cat Friendly
Air Conditioning
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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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1
628 Madison Apartment for rent in Memphis, TN
$1,100 - 1,450
628 Madison
628 Madison Ave #101 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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Section 8
0
Orleans Station Apartments Apartment for rent in Memphis, TN
$1,250 - 1,850
Orleans Station Apartments
694 Madison Ave Memphis, TN
1 - 2 BR | Available Now
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16
Fielder Square Apartment Homes Apartment for rent in Memphis, TN
$1,525
Fielder Square Apartment Homes
1.0
70 South Fourth St Memphis, TN
2 BR | Available Now
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25
Harbor Island Apartments Apartment for rent in Memphis, TN
$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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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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5
The Cornerstone Flats Apartment for rent in Memphis, TN
$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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Balcony/Deck/Patio
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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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Den
25
$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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Surface Parking
5
$905 - 1,055
Riverset Apartment Homes
100 Riverset Lane Memphis, TN
1 - 2 BR | Available Now
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Balcony/Deck/Patio
5
$823 - 1,370
Fielder Square
70 S 4th St Memphis, TN
Studio - 2 BR | Available Now
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Section 8
24
$1,025 - 1,777
Arbors Harbor Town
2.9
671 Harbor Edge Drive Memphis, TN
1 - 3 BR | Available Now
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Fitness Center
5
$960 - 2,100
Number 10 Main
5.0
10 S Main St Memphis, TN
1 - 2 BR | Available Now
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Section 8
In Unit Laundry
Fitness Center
6
$1,200 - 1,850
Van Fleet Flats
5.0
122 Gayoso Avenue Memphis, TN
1 - 2 BR | Available Now
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Dog Friendly
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Section 8
Air Conditioning
Covered Parking
13
3D Tour
$885 - 1,590
South Line
4.5
676 S Front St Memphis, TN
Studio - 2 BR | Available Now
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1 - 30 of 34 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 - $1,230
1BR $1,230 $1,000 - $1,600
2BR $1,650 $1,190 - $2,190
3BR $2,300 $1,610 - $3,100
Frequently Asked Questions

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

Rentable.co has 34 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 $1,390 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 $1,225 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 199 units available for rent in this area. The average rent in 38103 is $1,380, 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:
April Rent Report

Welcome to the April 2025 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 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
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
Jan. 2025
Feb. 2025
Mar. 2025
Apr. 2025
1 BR       2 BR

Memphis Rent Prices Decrease From March to April

Memphis rent prices decreased over the last month. From March to April, the city experienced a -1.37% decrease for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $1,010.0.

When we take a look at the two-bedroom comparison from March to April, Memphis experienced a -1.36% decrease for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,164.0.

April Prices: Memphis vs. Surrounding Areas

Germantown, TN
Lakeland, TN
Cordova, TN
Collierville, TN
Horn Lake, MS
Southaven, MS
Memphis, TN
Marion, AR
$2,038
$2,016
$1,405
$1,390
$1,374
$1,250
$1,024
$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 3 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 Cordova, TN, Collierville, TN, Germantown, TN .

  • Rent decreased in Southaven, MS, 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.

April 2025 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
$4,079
$3,149
$2,365
$2,334
$1,894
$1,284
$1,245
$1,207
$1,024
$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 April 1 BR M/M % Change 2 BR April 2 BR M/M % Change
Memphis, TN $1,024.0 -1.54% $1,180.0 0.17%
Cordova, TN $1,405.0 1.23% $1,565.0 0.51%
Southaven, MS $1,250.0 -2.95% $1,231.0 -4.80%
Collierville, TN $1,390.0 3.04% $1,632.0 0.49%
Horn Lake, MS $1,374.0 -0.15% $1,406.0 -4.16%
Germantown, TN $2,038.0 1.14% $2,462.0 2.03%
Lakeland, TN $2,016.0 -0.30% $2,191.0 -1.88%
Marion, AR $812.0 0.00% $966.0 -1.63%

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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