Apartments in 38116

1 - 30 of 30 Results
17
$1,495
4215 Del Norte St Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
17
$1,299
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
5
$1,300
Memphis, TN
3 BR | Jul. 19, 2024
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
Dishwasher
18
$1,450
Memphis, TN
4 BR | Jul. 26, 2024
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
Covered Parking
13
$1,275
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
15
$1,165
Memphis, TN
3 BR | Available Now
Contact
House
Air Conditioning
Covered Parking
17
$1,250
Memphis, TN
3 BR | Sep. 13, 2024
Contact
Dog Friendly
Cat Friendly
House
1
$800
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
House
Air Conditioning
21
$1,225
1156 Meadowlark Ln Memphis, TN
3 BR | Available Now
Contact
House
Balcony/Deck/Patio
Storage
20
$1,375
4376 Gardenview Dr Memphis, TN
3 BR | Available Now
Contact
House
Air Conditioning
Storage
Disability Access
20
$950
1807 Grovehaven Cir Memphis, TN
2 BR | Available Now
Contact
House
Disability Access
15
$900 - 1,000
1350 S Faronia Sq Memphis, TN
2 BR | Available Now
Contact
Air Conditioning
Dishwasher
$1,725
1974 Colfax Ave Memphis, TN
3 BR | Available Now
Contact
House
Dishwasher
5
Call for Pricing
4243 Graceland Dr Memphis, TN
1 - 3 BR | Available Now
Contact
Income Restricted
8
$775
Memphis, TN
2 BR | Ask for Availability
Contact
$380 - 565
5473 Vander Oak Drive Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Income Restricted
Section 8
Air Conditioning
1
$675
4050 Barton Dr Memphis, TN
1 BR | Ask for Availability
Contact
1
$775
3949 Barton Dr Memphis, TN
2 BR | Ask for Availability
Contact
1
$775
4016 Barton Dr Memphis, TN
2 BR | Ask for Availability
Contact
1
$775
Memphis, TN
2 BR | Ask for Availability
Contact
1
$775
4028 Barton Dr Memphis, TN
2 BR | Ask for Availability
Contact
1
$775
Memphis, TN
2 BR | Ask for Availability
Contact
1
$725
4070 Barton Dr Memphis, TN
2 BR | Ask for Availability
Contact
1
$775
4040 Barton Dr Memphis, TN
2 BR | Ask for Availability
Contact
1
$775
3980 Barton Dr Memphis, TN
2 BR | Ask for Availability
Contact
$1,850
3590 Hazelhedge Dr Memphis, TN
4 BR | Available Now
Contact
Dog Friendly
House
Dishwasher
$1,195
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
$1,400
Memphis, TN
4 BR | Available Now
Contact
House
$875
1750 E Holmes Rd Memphis, TN
3 BR | Available Now
Contact
House
$545 - 675
4537 Mill Stream Dr. Memphis, TN
1 - 2 BR | Available Now
1 - 30 of 30 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 $1,260 $570 - $1,700
4+BR $1,450 $1,400 - $1,850
Find an Apartment in 38116
Are you on the hunt for apartments near 38116 Memphis, TN? Look no further than Rentable! Currently, there are 37 units available for rent in the 38116 zip code. The average rent for these apartments is $790, 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:
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.