Apartments in 38126

1 - 8 of 8 Results
19
$691 - 1,340
521 Vance Park Place Memphis, TN
1 - 3 BR | Ask for Availability
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Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
6
$840
Memphis, TN
2 BR | Available Now
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South Forum
7
$950 - 995
107
Owens Pl Memphis, TN
1 - 3 BR | Available Now
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South Forum
7
$695
Memphis, TN
2 BR | Available Now
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House
10
$710
290 Turley Ste. 128 Memphis, TN
1 BR | Available Now
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Income Restricted
Balcony/Deck/Patio
Fitness Center
Dishwasher
$950
1101 S 4th St Memphis, TN
2 BR | Jul. 1, 2024
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$800
643 Walnut St Memphis, TN
2 BR | Available Now
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House
1
$350
Memphis, TN
2 BR | Available Now
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House
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How much does it cost to rent an apartment in 38126?

38126 apartments
Bed Type Average Rent Range
1BR $1,000 $710 - $1,050
2BR $840 $570 - $1,210
3BR $1,170 $1,000 - $1,340
Find an Apartment in 38126
Looking for apartments for rent in 38126, Memphis, TN? Rentable currently has 27 units available in this zip code. The average rent in 38126 is $840, with the lowest rent for a 2-bedroom unit starting at $503.

If you're searching for apartments near 38126, look no further. Explore Rentable's listings for apartments in Memphis, TN, and find your perfect rental 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.