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Apartments in 38106

1 - 20 of 20 Results
11
$975
Very Nice Newly Rehabbed Home In S. Memphis
1497 Mississippi Blvd Memphis, TN
3 BR | Available Now
Contact
House
13
$750
Knob Hill Apartments
1089 Florida St Memphis, TN
2 BR | Available Now
Contact
Income Restricted
Air Conditioning
Balcony/Deck/Patio
Storage
Disability Access
32
$1,395
Upgraded Property In Cooper Young! 3 Bed / 1 Bath - New Roof - New Appliances - Apply Now!
1667 Foster Ave Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Storage
20
$1,425
Newly Renovated Home In South Memphis
1609 Waverly Ave Memphis, TN
4 BR | Available Now
Contact
Cat Friendly
House
Disability Access
6
$650
Cute 1/1 Mha Approve
723 Roanoke Ave Memphis, TN
1 BR | Ask for Availability
Contact
House
8
$1,000
2390 Drake St
Memphis, TN
3 BR | May. 1, 2024
Contact
House
Dishwasher
9
$800
Adorable 1 Bedroom
852 Shamrock Aly Memphis, TN
1 BR | Ask for Availability
Contact
House
Air Conditioning
Dishwasher
9
$775
Triplex For Rent In South Memphis
821 Lucille Ave Memphis, TN
2 BR | Available Now
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House
13
$1,300
2344 Warren St
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Storage
4
3D Tour
$1,000 - 2,150
The Marine Residence
360 Metal Museum Dr Memphis, TN
1 - 2 BR | Available Now
Contact
Heat Included
Furnished
Dog Friendly
Cat Friendly
Luxury
1
$1,400
5br House In Memphis
1323 Horace St Memphis, TN
5 BR | Ask for Availability
Contact
House
0
$950
1304 Horace St
Memphis, TN
2 BR | Ask for Availability
Contact
9
$525
1362 Gleason Ave
Memphis, TN
1 BR | Available Now
Contact
House
Disability Access
16
$895
605 E Dempster Ave
Memphis, TN
2 BR | Available Now
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House
Storage
Dishwasher
McKeller
$1,050
1545 Gausco Rd
Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
24
$1,500
1059 E Alcy Rd
Memphis, TN
4 BR | Available Now
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House
$649 - 749
Cane Creek
1528 Ragan Street Memphis, TN
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Income Restricted
Section 8
Air Conditioning
1
$650
1135 Melrose St
Memphis, TN
2 BR | Ask for Availability
Contact
1
$400
1493 Gaither St
Memphis, TN
1 BR | Ask for Availability
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$475 - 585
Longview Gardens
1.8
1726 S. Orleans Street Memphis, TN
2 BR | Available Now
1 - 20 of 20 Results
  1. Home
  2. Memphis
  3. 38106

How much does it cost to rent an apartment in 38106?

38106 apartments
Bed Type Average Rent Range
1BR $730 $400 - $1,200
2BR $950 $480 - $2,140
3BR $1,030 $980 - $1,400
4+BR $1,430 $650 - $1,500
Frequently Asked Questions

How many apartments are available in 38106 on Rentable.co?

Rentable.co has 20 apartments available for rent in 38106.

What is the average rent for an apartment in 38106?

The average rent for an apartment in 38106 is around $1,000 per month.

What is the average rent for a two-bedroom apartment in 38106?

The average rent for a two-bedroom apartment in 38106 is around $950 per month.

What is the average rent for a one-bedroom apartment in 38106?

The average rent for a one-bedroom apartment in 38106 is around $725 per month.

Find an Apartment in 38106
Looking for apartments for rent in the 38106 zip code in Memphis, TN? Look no further! Rentable has a variety of options available for you. Currently, there are 22 units available for rent in this area. The average rent in 38106 is $990, with the lowest rent starting at $400 for a 1-bedroom unit.

One of the top neighborhoods in 38106 is McKeller. McKeller offers a convenient location with nearby points of interest and amenities. If you enjoy outdoor activities, you'll appreciate the proximity to local parks where you can relax and enjoy nature.

Ready to find your next home? Explore Rentable's apartments near 38106 Memphis, TN and discover the perfect rental that meets your needs. Whether you're looking for a cozy studio or a spacious three-bedroom apartment, Rentable has options to suit every lifestyle and budget. Start your search today and find your dream apartment in the 38106 zip code.

Memphis:
April Rent Report

Welcome to the April 2024 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 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
Mar. 2023
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
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 -0.62% decrease for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $959.0.

When we take a look at the two-bedroom comparison from March to April, Memphis experienced a -0.09% decrease for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,074.0.

April Prices: Memphis vs. Surrounding Areas

Germantown, TN
Cordova, TN
Collierville, TN
Horn Lake, MS
Southaven, MS
Memphis, TN
Walls, MS
$1,545
$1,478
$1,397
$1,303
$1,270
$958
$785
$0
$550
$1,100
$1,650
$2,200
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, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Cordova, TN, Collierville, TN, Horn Lake, MS, Germantown, TN .

  • Rent decreased in Southaven, MS, Walls, MS.

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

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

April 2024 Pricing Trends: Memphis vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
Memphis, TN
$3,994
$3,038
$2,355
$2,347
$1,893
$1,300
$1,264
$1,145
$958
$0
$1,300
$2,600
$3,900
$5,200
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 $958.0 -0.10% $1,070.0 -0.37%
Southaven, MS $1,270.0 -2.76% $1,437.0 1.70%
Cordova, TN $1,478.0 0.68% $1,634.0 -0.55%
Collierville, TN $1,397.0 3.02% $1,632.0 0.06%
Horn Lake, MS $1,303.0 1.40% $1,435.0 1.70%
Germantown, TN $1,545.0 0.07% $1,835.0 0.00%
Walls, MS $785.0 -9.98% $1,053.0 -0.38%

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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