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Apartments in 38111

1 - 30 of 101 Results
31
$970 - 1,295
The Tower at Kent
Deal
366 S Highland St Memphis, TN
1 - 2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
7
$750
University Flats
3459 Southern Ave Ofc Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
12
$1,100
Spottswood Manor Townhomes
Spottswood Manor Dr Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
11
$800
Student Lofts At Brister, Bldg 106
613 Brister St Memphis, TN
1 BR | Available Now
Contact
Balcony/Deck/Patio
1
$2,695
New Construction Near University Of Memphis.
708 Echles St Memphis, TN
4 BR | Jul. 31, 2025
Contact
House
1
$1,675
Updated 3 Bed, 1 Bath Near U Of M.
3649 Marion Ave Memphis, TN
3 BR | Available Now
Contact
House
1
$2,650
Gorgeous Updated Home For Rent In U Of M Area -all Appliances Included - 1/2 Off The 1st Moth's Rent
3284 Highland Park Pl Memphis, TN
4 BR | Available Now
Contact
House
1
$2,650
Gorgeous 4/3 Home In U Of M Area - All Appliances Included -1/2 Off The 1st Month's Rent
3272 Highland Park Pl Memphis, TN
4 BR | Ask for Availability
Contact
House
1
$850
Te - Tigerestatesdr692
692 Tiger Estates Dr Memphis, TN
1 BR | Available Now
Contact
14
$1,353 - 3,616
Highland Row
395 S Highland St Memphis, TN
Studio - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Fitness Center
Pool
25
$704 - 1,985
The Junction
Deal
3341 Southern Ave Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Dishwasher
27
$1,249 - 2,188
Kiwi Goji
Deal
197 Windover Rd Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
In Unit Laundry
18
$1,195
3450 Pruett Ct
Memphis, TN
2 BR | Available Now
Contact
27
$1,150
1141 Catalina Rd
Memphis, TN
2 BR | Aug. 7, 2025
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
9
$925
Perfect Midtown Location
2780 Madison Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
11
$1,095
605 Patterson St Apt 5
Memphis, TN
2 BR | Ask for Availability
Contact
House
Air Conditioning
In Unit Laundry
26
$1,100
3198 Walnut Grove Rd
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
15
$1,095
3807 Wilshire RD
Memphis, TN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
1
$1,350
3 Bed, 1 Bath By The University Of Memphis
737 Shotwell St Memphis, TN
3 BR | Available Now
Contact
House
1
$1,525
631 S Graham
Memphis, TN
3 BR | Available Now
Contact
House
Storage
Disability Access
Dishwasher
1
$850 - 975
U Of M Area~~
592-600 Patterson St Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
5
$1,350
2918 Southern Ave
Memphis, TN
3 BR | Aug. 15, 2025
Contact
House
Air Conditioning
1
$800
635 Patterson #6
Memphis, TN
1 BR | Available Now
Contact
Storage
Dishwasher
1
$695
489/491 Boston
489 491 Boston St Memphis, TN
2 BR | Available Now
Contact
Storage
Disability Access
1
$1,550
Great 3 Bed, 1 Bath Near University Of Memphis And Memphis Botanic Garden.
3707 Spottswood Ave Memphis, TN
3 BR | Available Now
Contact
House
Disability Access
Dishwasher
18
$1,195
3430 Pruett Ct
Memphis, TN
2 BR | Available Now
Contact
17
$675
3354 Douglass Ave
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
13
$700
795 Brower St
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
4
$900
604 Watson St Unit C
Memphis, TN
1 BR | Available Now
Contact
Air Conditioning
Dishwasher
13
$1,150
1108 S Greer St
Memphis, TN
2 BR | Ask for Availability
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House
1 - 30 of 101 Results
  1. Home
  2. Memphis
  3. 38111

How much does it cost to rent an apartment in 38111?

38111 apartments
Bed Type Average Rent Range
Studio $1,060 $1,030 - $1,360
1BR $1,350 $710 - $1,560
2BR $1,200 $750 - $1,740
3BR $1,470 $1,030 - $2,450
4+BR $2,100 $1,360 - $3,260
Frequently Asked Questions

How many apartments are available in 38111 on Rentable.co?

Rentable.co has 101 apartments available for rent in 38111.

What is the average rent for an apartment in 38111?

The average rent for an apartment in 38111 is around $1,300 per month.

What is the average rent for a two-bedroom apartment in 38111?

The average rent for a two-bedroom apartment in 38111 is around $1,195 per month.

What is the average rent for a one-bedroom apartment in 38111?

The average rent for a one-bedroom apartment in 38111 is around $1,354 per month.

What is the average rent for a studio apartment in 38111?

The average rent for a studio apartment in 38111 is around $1,062 per month.

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 209 units available for rent in this area. The average rent in 38111 is $1,300, with the lowest priced floor plan starting at just $705.

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:
July Rent Report

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

Memphis Rent Prices Increase From June to July

Memphis rent prices increased over the last month. From June to July, the city experienced a 0.3% increase for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $999.0.

When we take a look at the two-bedroom comparison from June to July, Memphis experienced a 1.05% increase for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,156.0.

July Prices: Memphis vs. Surrounding Areas

Germantown, TN
Lakeland, TN
Collierville, TN
Southaven, MS
Cordova, TN
Horn Lake, MS
Memphis, TN
Marion, AR
$2,161
$1,808
$1,549
$1,466
$1,442
$1,377
$996
$804
$0
$750
$1,500
$2,250
$3,000
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 5 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, Southaven, MS, Horn Lake, MS, Germantown, TN .

  • Rent decreased in 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.

July 2025 Pricing Trends: Memphis vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Pittsburgh, PA
Minneapolis, MN
Memphis, TN
$4,074
$3,214
$2,367
$2,295
$1,876
$1,370
$1,312
$1,250
$996
$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 July 1 BR M/M % Change 2 BR July 2 BR M/M % Change
Memphis, TN $996.0 -0.30% $1,144.0 -0.69%
Cordova, TN $1,442.0 0.77% $1,607.0 0.82%
Collierville, TN $1,549.0 2.65% $1,651.0 0.30%
Southaven, MS $1,466.0 6.46% $1,596.0 10.22%
Horn Lake, MS $1,377.0 0.07% $1,383.0 1.10%
Germantown, TN $2,161.0 1.22% $2,484.0 -0.68%
Lakeland, TN $1,808.0 -2.38% $2,202.0 2.66%
Marion, AR $804.0 -0.99% $950.0 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.

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