Apartments in 38118

1 - 23 of 23 Results
14
Getwell Pointe Apartments Apartment for rent in Memphis, TN
$905 - 1,005
2973-3007 Getwell Rd Memphis, TN
1 - 2 BR | Available Now
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Dishwasher
13
Stylish 3-bed, 1.5-bath Brick Home With Eat-in Kitchen & Fenced Yard Apartment for rent in Memphis, TN
$1,350
5003 Bryndale Ave Memphis, TN
3 BR | Ask for Availability
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Air Conditioning
1
3987 Chippewa Rd Apartment for rent in Memphis, TN
$1,095
Memphis, TN
3 BR | Available Now
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Dog Friendly
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1
Awesome Duplex For Rent Available Now! Apartment for rent in Memphis, TN
$850
4445 Medley Ln Memphis, TN
2 BR | Available Now
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Storage
Dishwasher
16
3492 Venable RD Apartment for rent in Memphis, TN
$975
Memphis, TN
3 BR | Available Now
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17
5373 Sputnik Dr Apartment for rent in Memphis, TN
$1,295
Memphis, TN
3 BR | Available Now
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15
3954 Comanche Rd Apartment for rent in Memphis, TN
$1,295
Memphis, TN
3 BR | Ask for Availability
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4
3032 Queensgate Ave Apartment for rent in Memphis, TN
$1,250
Memphis, TN
Studio | Aug. 11, 2025
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2
5082 Golden Oaks Dr Apartment for rent in Memphis, TN
$1,400
Memphis, TN
3 BR | Available Now
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1
Welcome To 3000 Ashwood Cove! Apartment for rent in Memphis, TN
$1,290
3000 Ashwood Cv Memphis, TN
3 BR | Available Now
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Balcony/Deck/Patio
2
Charming 3-bed, 2-bath Brick Home With Fenced Yard & Garage Apartment for rent in Memphis, TN
$1,495
3269 Dothan St Memphis, TN
3 BR | Ask for Availability
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Air Conditioning
1
3530 Venable Rd Apartment for rent in Memphis, TN
$1,050
Memphis, TN
2 BR | Ask for Availability
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0
Updated For The Modern Renter Apartment for rent in Memphis, TN
$1,290
3437 Piney Woods Ave Memphis, TN
3 BR | Available Now
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0
Welcome To 4432 Sumners Wells Rd! Apartment for rent in Memphis, TN
$890
4432 Sumners Wells Rd Memphis, TN
2 BR | Available Now
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1
4117 Chippewa Dr Apartment for rent in Memphis, TN
Call for Pricing
Memphis, TN
3 BR | Available Now
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3
Available Now: 3-bedroom Home With Bonus Den & Backyard Retreat Apartment for rent in Memphis, TN
$1,495
3415 Jenkins St Memphis, TN
3 BR | Ask for Availability
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1
Welcome To 3456 Meier Dr! Apartment for rent in Memphis, TN
$1,190
3456 Meier Dr Memphis, TN
3 BR | Aug. 7, 2025
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1
Newly Renovated 3 Bedroom 2 Bath Home - Open To Section 8 Apartment for rent in Memphis, TN
$1,295
3478 Grey Bark Dr Memphis, TN
3 BR | Available Now
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0
Welcome To 3402 Sunnyfield Cv In Memphis, Tn! Apartment for rent in Memphis, TN
$1,190
3402 Sunnyfield Cv Memphis, TN
3 BR | Available Now
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9
3215 Gina Drive Apartment for rent in Memphis, TN
$900
Memphis, TN
3 BR | Available Now
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Heat Included
Dog Friendly
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5
Pinebrook Pointe Apartment Homes Apartment for rent in Memphis, TN
$625
3541 Mediterranean Dr Memphis, TN
2 BR | Available Now
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Dog Friendly
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Section 8
Air Conditioning
In Unit Laundry
$995
3435 Dungreen St Memphis, TN
2 BR | Ask for Availability
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1
$500
Memphis, TN
2 BR | Available Now
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1 - 23 of 23 Results
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How much does it cost to rent an apartment in 38118?

38118 apartments
Bed Type Average Rent Range
1BR $910 $890 - $930
2BR $900 $510 - $1,050
3BR $1,290 $920 - $1,500
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 30 rentals to choose from. The average rent in 38118 is $1,010, and the minimum rent for a 2-bedroom floor plan starts at $513.

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:
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.