Apartments in 38111

1 - 30 of 88 Results
31
$1,160 - 1,550
366 S Highland St Memphis, TN
1 - 2 BR | Available Now
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Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
25
$1,400
Memphis, TN
3 BR | Jul. 26, 2024
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Dog Friendly
Cat Friendly
House
Air Conditioning
Covered Parking
26
$855 - 2,118
3341 Southern Ave Memphis, TN
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Dishwasher
13
$1,250
1142 Will Scarlet RD Memphis, TN
3 BR | Available Now
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Cat Friendly
House
Storage
9
$985
Memphis, TN
2 BR | Available Now
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Storage
10
$1,095
655 Watson St Memphis, TN
2 BR | Available Now
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Balcony/Deck/Patio
Disability Access
7
$795
2734 Southern Ave/593 Marianna St Memphis, TN
2 BR | Available Now
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Storage
11
$895
328 Buntyn St Memphis, TN
2 BR | Aug. 16, 2024
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Storage
Disability Access
21
$1,150
3190 Choctaw Ave Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
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Storage
10
$850
3567 Carrington Rd Memphis, TN
2 BR | Aug. 16, 2024
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Dog Friendly
Cat Friendly
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31
$975
4350 Dunn Ave Memphis, TN
3 BR | Available Now
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Surface Parking
Storage
32
$1,750
187 Picardy Pl Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
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Storage
Dishwasher
20
$835
696 Tiger Estates Cv Memphis, TN
1 BR | Available Now
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Dishwasher
12
$1,350
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Disability Access
15
$895 - 995
461 S Highland St Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Surface Parking
Storage
11
$1,175
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
Storage
8
$1,145
498 Josephine St Memphis, TN
3 BR | Available Now
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Storage
Disability Access
11
$1,100
Spottswood Manor Dr Memphis, TN
2 BR | Available Now
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13
$1,300
Memphis, TN
4 BR | Jul. 19, 2024
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Dog Friendly
Cat Friendly
House
Air Conditioning
8
$2,500
Memphis, TN
3 BR | Jun. 24, 2024
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Dog Friendly
Cat Friendly
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Balcony/Deck/Patio
Storage
7
$1,750
Memphis, TN
2 BR | Available Now
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Dishwasher
13
$1,500
Memphis, TN
2 BR | Available Now
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House
Dishwasher
13
$695
Memphis, TN
1 BR | Jun. 14, 2024
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Dog Friendly
Cat Friendly
Air Conditioning
19
$1,050
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
18
$1,375
Memphis, TN
4 BR | Available Now
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Dog Friendly
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Air Conditioning
31
$1,300
Memphis, TN
2 BR | Available Now
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Dog Friendly
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Air Conditioning
9
$1,150
Memphis, TN
3 BR | Available Now
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20
$1,500
Memphis, TN
4 BR | Available Now
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Dishwasher
9
$849
Memphis, TN
2 BR | Available Now
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27
$1,050
Memphis, TN
3 BR | Available Now
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1 - 30 of 88 Results
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How much does it cost to rent an apartment in 38111?

38111 apartments
Bed Type Average Rent Range
Studio $1,030 $1,030 - $1,030
1BR $1,050 $660 - $1,430
2BR $1,060 $750 - $1,550
3BR $1,180 $850 - $2,240
4+BR $1,340 $1,000 - $1,840
Find an Apartment in 38111
Are you searching for apartments for rent in the 38111 zip code of Memphis, TN? You've come to the right place! Rentable currently has a variety of 133 units available for rent in this area. The average rent in 38111 is $1,100, with the lowest priced floor plan starting at just $695.

The top neighborhood in the 38111 zip code is High Point Terrace, known for its charm and vibrant community atmosphere. Living in this area, you'll have access to a range of amenities and nearby points of interest. Enjoy the convenience of having parks like ___________ and ___________ just a short distance away, perfect for outdoor activities and relaxation.

Whether you're a young professional or a family looking for a new place to call home, there are apartments near 38111 that will cater to your needs. Take a look at Rentable's listings in the 38111 zip code and find the perfect apartment for you. Don't miss out on this opportunity to rent in one of Memphis, TN's most sought after locations.

Memphis:
June Rent Report

Welcome to the June 2024 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the June 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
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
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 -0.1% decrease for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $952.0.

When we take a look at the two-bedroom comparison from May to June, Memphis experienced a 0.28% increase for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,068.0.

June Prices: Memphis vs. Surrounding Areas

Germantown, TN
Cordova, TN
Collierville, TN
Horn Lake, MS
Southaven, MS
Memphis, TN
Millington, TN
$1,561
$1,475
$1,450
$1,332
$1,300
$953
$671
$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 5 of the Memphis suburbs increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

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

  • Rent decreased in Cordova, TN.

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

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

June 2024 Pricing Trends: Memphis vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
Memphis, TN
$4,132
$3,030
$2,390
$2,331
$1,905
$1,353
$1,259
$1,203
$953
$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 $953.0 0.00% $1,065.0 -0.28%
Cordova, TN $1,475.0 -0.07% $1,618.0 -0.37%
Southaven, MS $1,300.0 3.18% $1,458.0 0.07%
Collierville, TN $1,450.0 0.76% $1,634.0 0.12%
Horn Lake, MS $1,332.0 1.37% $1,453.0 1.75%
Germantown, TN $1,561.0 1.10% $1,863.0 0.98%
Millington, TN $671.0 34.20% $1,500.0 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.