Apartments in 38122

1 - 30 of 38 Results
11
$670
Memphis, TN
1 BR | Available Now
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Storage
5
$825
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Disability Access
10
$750
3727 Faxon Ave Memphis, TN
1 BR | Available Now
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House
28
$1,200
3568 Coleman Ave Memphis, TN
3 BR | Available Now
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House
7
$550
4015 Summer Ave Memphis, TN
1 BR | Available Now
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Air Conditioning
Storage
Disability Access
5
$625
516-522 Sharon Dr Memphis, TN
1 BR | Available Now
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Air Conditioning
Balcony/Deck/Patio
Storage
Disability Access
Dishwasher
14
$1,095
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
Dishwasher
13
$1,250
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
7
$950
Memphis, TN
2 BR | Available Now
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House
10
$945
Memphis, TN
2 BR | Available Now
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House
Air Conditioning
10
$1,095
427 N Graham Memphis, TN
2 BR | Aug. 11, 2024
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30
$1,095
3525 Barwood Cir Memphis, TN
2 BR | Jul. 10, 2024
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Dog Friendly
Cat Friendly
Dishwasher
High Point Terrace
18
$1,695
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
High Point Terrace
12
$1,425
435 N Highland #1 Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Storage
Dishwasher
15
$1,045
3447 Tutwiler Ave Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
Storage
23
$1,050
3644 Faxon Ave Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
12
$995
Memphis, TN
1 BR | Available Now
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Air Conditioning
Surface Parking
Storage
Dishwasher
High Point Terrace
15
$595
1096 Gordon St Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
Storage
9
$1,195
Memphis, TN
2 BR | Available Now
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House
16
$1,095
1117 Biltmore St Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Storage
6
$750
4030 Summer Ave Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
16
$795
Memphis, TN
2 BR | Available Now
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House
Air Conditioning
Storage
$750
1176 Weiner Rd Memphis, TN
2 BR | Available Now
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House
$825
Memphis, TN
1 BR | Available Now
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House
High Point Terrace
$2,075
4023 Philwood Ave Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
$1,175
3368 Rockwood Ave Memphis, TN
3 BR | Available Now
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House
4
$795
Memphis, TN
2 BR | Ask for Availability
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Section 8
11
$575
Memphis, TN
2 BR | Available Now
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House
5
$675
Memphis, TN
2 BR | Ask for Availability
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Air Conditioning
$1,895
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
High Point Terrace
1 - 30 of 38 Results
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How much does it cost to rent an apartment in 38122?

38122 apartments
Bed Type Average Rent Range
1BR $710 $550 - $1,000
2BR $830 $530 - $1,150
3BR $1,200 $1,060 - $2,100
Find an Apartment in 38122
Looking for apartments for rent in 38122 Memphis, TN? Rentable has a variety of rental options available in this area. Currently, there are 39 units available for rent. The average rent in 38122 is $950, with the lowest priced floor-plan type starting at $525.

If you are searching for apartments near 38122, consider exploring Rentable's listings in this area. With a variety of rental options available, you can find the perfect apartment that meets your needs and preferences. Take a look at the available apartments in 38122 Memphis, TN and start your search for your new home today.

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.