Apartments in 38118

1 - 30 of 38 Results
5
$625
3541 Mediterranean Dr Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Section 8
Air Conditioning
In Unit Laundry
14
$890 - 985
2973-3007 Getwell Rd Memphis, TN
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
16
$1,095
4179 Cottonwood Rd Memphis, TN
3 BR | Ask for Availability
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House
1
$1,025
3367 Burgess Dr Memphis, TN
3 BR | Available Now
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House
7
$749
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
House
Income Restricted
Section 8
5
$899
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Balcony/Deck/Patio
18
$1,395
4109 Navaho Ave Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
1
$1,350
3710 Elm Park RD Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$1,525
3962 Sloan St Memphis, TN
4 BR | Available Now
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Cat Friendly
House
19
$1,295
2673 Mcmurray St Memphis, TN
3 BR | Ask for Availability
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Air Conditioning
1
$800
3193 Forest Gln Memphis, TN
2 BR | Available Now
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Storage
Disability Access
5
$1,325
Memphis, TN
Studio | Dec. 15, 2025
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Dog Friendly
Cat Friendly
House
Air Conditioning
Dishwasher
21
$1,550
3719 Tchulahoma Rd Memphis, TN
5 BR | Ask for Availability
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House
Air Conditioning
5
$749
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Dishwasher
5
$1,250
Memphis, TN
3 BR | Dec. 10, 2025
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Dog Friendly
Cat Friendly
House
16
$1,295
3588 Shemwell Ave Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
16
$1,495
3460 Sealy Ave Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
13
$1,050
3375 Cristil St Memphis, TN
2 BR | Ask for Availability
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House
17
$950
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
10
$1,200
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
Covered Parking
1
$1,215
4558 Almo Ave Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
3
$949
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
Balcony/Deck/Patio
2
$1,395
5298 Sunray Dr Memphis, TN
3 BR | Ask for Availability
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Air Conditioning
0
$1,695
5222 Cedrick Cv Memphis, TN
4 BR | Ask for Availability
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House
Air Conditioning
1
$1,150
4211 Kenosha Rd Memphis, TN
3 BR | Ask for Availability
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1
$1,135
3445 Beech Grove Rd Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,600
Memphis, TN
3 BR | Available Now
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2
$895
3435 Dungreen St Memphis, TN
2 BR | Ask for Availability
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1
$1,590
3017 Domar St Memphis, TN
4 BR | Available Now
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Cat Friendly
House
Dishwasher
Fireplace
1
$1,200
4134 Berrywood Ave Memphis, TN
3 BR | Available Now
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1 - 30 of 38 Results
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How much does it cost to rent an apartment in 38118?

38118 apartments
Bed Type Average Rent Range
1BR $820 $750 - $930
2BR $900 $520 - $1,040
3BR $1,270 $930 - $1,600
4+BR $1,590 $1,530 - $1,700
Find an Apartment in 38118
Looking for apartments for rent in the 38118 zip code of Memphis, TN? Rentable currently has a variety of available units in this area, with a total of 46 rentals to choose from. The average rent in 38118 is $1,050, and the minimum rent for a 2-bedroom floor plan starts at $519.

Whether you're in search of a cozy studio or a spacious family home, our apartments near 38118 Memphis, TN offer a range of options to suit your needs. Explore our listings today and find the perfect rental that fits your budget.

Memphis:
December Rent Report

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

Memphis Rent Prices Decrease From November to December

Memphis rent prices decreased over the last month. From November to December, the city experienced a 0% decrease for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $.

When we take a look at the two-bedroom comparison from November to December, Memphis experienced a 0% decrease for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $.

December Prices: Memphis vs. Surrounding Areas

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 0 of the Memphis suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Memphis suburbs

  • Rents did not decrease in any of the Memphis suburbs.

December 2025 Pricing Trends: Memphis vs. National Comparisons

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 December 1 BR M/M % Change 2 BR December 2 BR M/M % Change

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.