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Apartments in 38118

1 - 22 of 22 Results
2
$845 - 1,155
Azure Place
Deal
3896 Chippewa Rd Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Fitness Center
Dishwasher
13
$989
Renovated Home For Rent Minutes Away From Fedex!
3843 Prescott Rd Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
4
$800
3193-95 Forest Glen
3193 Forest Gln Memphis, TN
2 BR | Available Now
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Storage
Disability Access
11
$900
Two Bedroom Two Bath In The Shelby Meadows Condominium Association
3569 Field Flower Ct Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Storage
17
$1,350
3064 Greenbranch Dr
Memphis, TN
3 BR | Available Now
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House
Air Conditioning
Dishwasher
16
$1,416
3250 Aquarius Ave
Memphis, TN
3 BR | May. 15, 2024
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House
Air Conditioning
Dishwasher
17
$1,195
Fantastic 3 Bed 2 Bath Home W/ Fireplace!
4528 Chuck Ave Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
4
$1,125
3691 Brompton - Available Now!
3691 Brompton Rd Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
Dishwasher
26
$1,095
3509 Venable - Available Now!
3509 Venable Rd Memphis, TN
3 BR | Ask for Availability
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House
5
$1,395
Updated 3/2 In 38118
4806 Blanding Cv Memphis, TN
3 BR | Ask for Availability
Contact
House
12
$1,350
3435 Clearbrook - Available Now!
3435 Clearbrook St Memphis, TN
3 BR | Ask for Availability
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House
11
$1,195
3319 Kristy Dr
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
Dishwasher
18
$1,295
4603 Wooddale Ave
Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
13
$1,125
3781 Wickcliff Ln
Memphis, TN
4 BR | Available Now
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Dog Friendly
Cat Friendly
House
10
$1,225
4235 Camelot Ave
Memphis, TN
3 BR | May. 17, 2024
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Dog Friendly
Cat Friendly
House
13
$1,150
4770 Cottonwood Rd
Memphis, TN
4 BR | Available Now
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House
3
$1,225
3878 Christine Gardens RD
Memphis, TN
3 BR | May. 17, 2024
Contact
Dog Friendly
Cat Friendly
House
9
$900
3215 Gina Drive
Memphis, TN
3 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
$1,195
Beautiful Brick Construction!
3698 Elm Park Rd Memphis, TN
3 BR | Ask for Availability
Contact
House
$1,295
3347 Clearbrook
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Dishwasher
5
$625
Pinebrook Pointe Apartment Homes
3541 Mediterranean Dr Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Section 8
Air Conditioning
In Unit Laundry
1
$500
1606 Victory
Memphis, TN
2 BR | Available Now
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House
1 - 22 of 22 Results
  1. Home
  2. Memphis
  3. 38118

How much does it cost to rent an apartment in 38118?

38118 apartments
Bed Type Average Rent Range
1BR $870 $850 - $880
2BR $990 $610 - $1,010
3BR $1,160 $1,030 - $1,400
4+BR $1,150 $1,130 - $1,400
Frequently Asked Questions

How many apartments are available in 38118 on Rentable.co?

Rentable.co has 22 apartments available for rent in 38118.

What is the average rent for an apartment in 38118?

The average rent for an apartment in 38118 is around $990 per month.

What is the average rent for a two-bedroom apartment in 38118?

The average rent for a two-bedroom apartment in 38118 is around $985 per month.

What is the average rent for a one-bedroom apartment in 38118?

The average rent for a one-bedroom apartment in 38118 is around $865 per month.

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 68 rentals to choose from. The average rent in 38118 is $990, and the minimum rent for a 2-bedroom floor plan starts at $606.

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:
April Rent Report

Welcome to the April 2024 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 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

$1,250
$940
$630
$310
$0
Mar. 2023
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
1 BR       2 BR

Memphis Rent Prices Decrease From March to April

Memphis rent prices decreased over the last month. From March to April, the city experienced a -0.62% decrease for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $959.0.

When we take a look at the two-bedroom comparison from March to April, Memphis experienced a -0.09% decrease for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,074.0.

April Prices: Memphis vs. Surrounding Areas

Germantown, TN
Cordova, TN
Collierville, TN
Horn Lake, MS
Southaven, MS
Memphis, TN
Walls, MS
$1,545
$1,478
$1,397
$1,303
$1,270
$958
$785
$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 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 Cordova, TN, Collierville, TN, Horn Lake, MS, Germantown, TN .

  • Rent decreased in Southaven, MS, Walls, MS.

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

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

April 2024 Pricing Trends: Memphis vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
Memphis, TN
$3,994
$3,038
$2,355
$2,347
$1,893
$1,300
$1,264
$1,145
$958
$0
$1,300
$2,600
$3,900
$5,200
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 April 1 BR M/M % Change 2 BR April 2 BR M/M % Change
Memphis, TN $958.0 -0.10% $1,070.0 -0.37%
Southaven, MS $1,270.0 -2.76% $1,437.0 1.70%
Cordova, TN $1,478.0 0.68% $1,634.0 -0.55%
Collierville, TN $1,397.0 3.02% $1,632.0 0.06%
Horn Lake, MS $1,303.0 1.40% $1,435.0 1.70%
Germantown, TN $1,545.0 0.07% $1,835.0 0.00%
Walls, MS $785.0 -9.98% $1,053.0 -0.38%

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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