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Apartments in 38116

1 - 30 of 39 Results
18
$1,249
4390 Millbranch Rd
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
18
$1,250
4257 Balboa Cir
Memphis, TN
3 BR | Aug. 9, 2024
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Dog Friendly
Cat Friendly
House
12
$1,500
1992 N Big Bend Dr
Memphis, TN
3 BR | Ask for Availability
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15
$1,115
5425 Lochinvar Rd
Memphis, TN
3 BR | Available Now
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Air Conditioning
Covered Parking
17
$1,250
964 Enfield RD
Memphis, TN
3 BR | Sep. 13, 2024
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Dog Friendly
Cat Friendly
House
8
$1,075
Newly Rehabbed Home In Whitehaven
5572 Lochinvar Dr Memphis, TN
3 BR | Available Now
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House
5
$1,300
5225 Apollo St
Memphis, TN
3 BR | Jul. 29, 2024
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Dog Friendly
Cat Friendly
House
Air Conditioning
Dishwasher
4
$1,175
4859 Haleville - Available Now!
4859 Haleville Rd Memphis, TN
3 BR | Ask for Availability
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House
13
$1,225
1383 Janis Dr
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
2
$1,095
5324 Lochinvar - Available Now!
5324 Lochinvar Rd Memphis, TN
3 BR | Ask for Availability
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House
1
$800
2981 W Josibpet Cir
Memphis, TN
1 BR | Available Now
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Dog Friendly
House
Air Conditioning
2
$1,275
1352 Winfield Ave - Now Available!!
1352 Winfield Ave Memphis, TN
3 BR | Ask for Availability
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2
$1,250
1511 Bonnie Dr - Available Now!
1511 Bonnie Dr Memphis, TN
3 BR | Ask for Availability
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House
2
$1,295
5596 Lochinvar- Available Now!
5596 Lochinvar Rd Memphis, TN
3 BR | Ask for Availability
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House
1
$1,375
5082 Canton Dr
Memphis, TN
3 BR | Ask for Availability
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House
20
$1,375
Serene Property - 3 Bedroom, 2 Bath - Now Available!
4376 Gardenview Dr Memphis, TN
3 BR | Available Now
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House
Air Conditioning
Storage
Disability Access
17
$1,495
Newly Renovated 3br/3b Home In 38116
4215 Del Norte St Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
20
$950
Very Nice Townhome In Whitehaven
1807 Grovehaven Cir Memphis, TN
2 BR | Available Now
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House
Disability Access
21
$1,225
3 Bed, 2.5 Bath In Whitehaven Across From Whitehaven High School
1156 Meadowlark Ln Memphis, TN
3 BR | Available Now
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House
Balcony/Deck/Patio
Storage
15
$900 - 1,000
Faronia Square
1350 S Faronia Sq Memphis, TN
2 BR | Available Now
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Air Conditioning
Dishwasher
5
Call for Pricing
Peppertree Apartments
4243 Graceland Dr Memphis, TN
1 - 3 BR | Available Now
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Income Restricted
8
$775
1214 Laudeen Dr
Memphis, TN
2 BR | Ask for Availability
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$380 - 565
Charter Oak Apartments
5473 Vander Oak Drive Memphis, TN
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Income Restricted
Section 8
Air Conditioning
1
$675
Fantastic Whitehaven Apartment!
4050 Barton Dr Memphis, TN
1 BR | Ask for Availability
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0
$1,725
Large 3 Bed, 2 Bath Home Near Raines And Interstate 55
1974 Colfax Ave Memphis, TN
3 BR | Available Now
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Dishwasher
1
$775
Fantastic Whitehaven Apartment!
4016 Barton Dr Memphis, TN
2 BR | Ask for Availability
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1
$775
Fantastic Whitehaven Apartment!
4028 Barton Dr Memphis, TN
2 BR | Ask for Availability
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1
$775
1240 Laudeen Dr
Memphis, TN
2 BR | Ask for Availability
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1
$775
3948 Royal Oaks Dr
Memphis, TN
2 BR | Ask for Availability
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0
$1,395
Great 3 Bedroom, 2 Bathroom Rental Home In Convenient Location!
2063 Goodhaven Dr Memphis, TN
3 BR | Available Now
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Dog Friendly
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1 - 30 of 39 Results
  1. Home
  2. Memphis
  3. 38116

How much does it cost to rent an apartment in 38116?

38116 apartments
Bed Type Average Rent Range
1BR $610 $380 - $800
2BR $780 $460 - $940
3BR $1,250 $720 - $1,600
Frequently Asked Questions

How many apartments are available in 38116 on Rentable.co?

Rentable.co has 39 apartments available for rent in 38116.

What is the average rent for an apartment in 38116?

The average rent for an apartment in 38116 is around $1,080 per month.

What is the average rent for a two-bedroom apartment in 38116?

The average rent for a two-bedroom apartment in 38116 is around $775 per month.

What is the average rent for a one-bedroom apartment in 38116?

The average rent for a one-bedroom apartment in 38116 is around $610 per month.

Find an Apartment in 38116
Are you on the hunt for apartments near 38116 Memphis, TN? Look no further than Rentable! Currently, there are 45 units available for rent in the 38116 zip code. The average rent for these apartments is $1,010, with 1-bedroom units starting at $380.

Whether you're searching for a studio, one-bedroom, or two-bedroom apartment, you'll find a variety of options to choose from in this area. Take advantage of the affordable rents and explore the 38116 apartments listed on Rentable to find your perfect match.

Make your move to the 38116 zip code today and enjoy the convenience of nearby shopping centers, restaurants, and entertainment venues. Don't wait any longer! Start your search for apartments for rent in 38116 Memphis, TN on Rentable now.

Memphis:
July Rent Report

Welcome to the July 2024 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the July 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
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
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 0.42% increase for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $956.0.

When we take a look at the two-bedroom comparison from June to July, Memphis experienced a 0.47% increase for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,073.0.

July Prices: Memphis vs. Surrounding Areas

Germantown, TN
Cordova, TN
Collierville, TN
Horn Lake, MS
Southaven, MS
Memphis, TN
Millington, TN
$1,570
$1,467
$1,432
$1,351
$1,329
$952
$700
$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 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 Southaven, MS, Horn Lake, MS, Germantown, TN, Millington, TN .

  • Rent decreased in Cordova, TN, Collierville, TN.

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

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

July 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
$4,189
$3,023
$2,389
$2,340
$1,888
$1,394
$1,253
$1,200
$952
$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 July 1 BR M/M % Change 2 BR July 2 BR M/M % Change
Memphis, TN $952.0 -0.11% $1,068.0 0.28%
Cordova, TN $1,467.0 -0.54% $1,614.0 -0.25%
Southaven, MS $1,329.0 2.23% $1,431.0 -1.85%
Collierville, TN $1,432.0 -1.24% $1,639.0 0.31%
Horn Lake, MS $1,351.0 1.43% $1,462.0 0.62%
Germantown, TN $1,570.0 0.58% $1,882.0 1.02%
Millington, TN $700.0 4.32% $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.

Browse Memphis Apartments
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