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Apartments in 38127

1 - 30 of 38 Results
5
Call for Pricing
Ridgecrest Apartments
Deal
2570 Woodcliff Dr Memphis, TN
1 - 3 BR | Ask for Availability
Contact
Air Conditioning
Balcony/Deck/Patio
5
$1 - 900
Greenbriar Apartments
Deal
3131 Madewell Memphis, TN
1 - 3 BR | Ask for Availability
Contact
Air Conditioning
Surface Parking
29
3D Tour
$1,250
Memphis Blues
1401 Memphis Blues Ave Memphis, TN
3 BR | May. 1, 2024
Contact
House
24
$1,300
38127 - Coming May 1 2621 Derbyshire Beautiful Spacious 3 Bedroom Home
2621 Derbyshire Ave Memphis, TN
3 BR | May. 1, 2024
Contact
Dog Friendly
House
Storage
Disability Access
Dishwasher
11
$995
Beautiful 3 Bedroom, 1 Bathroom Home For Rent
2927 Gruber Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
14
$1,095
5319 Braden Dr
Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
8
$1,000
Awesome Home For Rent!!!!
5318 Clinchport Cir Memphis, TN
3 BR | Available Now
Contact
House
Disability Access
27
$1,495
3490 Obion St
Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
11
$1,275
Large 3 Bedroom
1484 Haywood Ave Memphis, TN
3 BR | Ask for Availability
Contact
House
7
$800
643 Mc Whirter
Memphis, TN
2 BR | Available Now
Contact
House
Disability Access
19
$1,050
Beautiful 3 Bedroom, 1 Bathroom Home For Rent
1683 Haywood Ave Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
17
$1,095
First Month's Rent Free!!
5148 Corkwood Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
18
$1,095
First Month's Rent Free!!
747 Northaven Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
11
$975
5080 Breckenwood Dr
Memphis, TN
3 BR | Available Now
Contact
House
21
$895
Classic 3/1 Home In Raleigh-frayser Now Available For Rent!
4499 Range Line Rd Memphis, TN
3 BR | Available Now
Contact
House
Air Conditioning
15
$895
3350 Ashland St
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
12
$1,025
First Month's Rent Free!!
5221 Braden Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
14
$1,100
Very Nice Newly Rehabbed Home In Frayser
4098 Steele St Memphis, TN
3 BR | Available Now
Contact
House
7
$875
1655 Via Roma
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
House
Air Conditioning
6
$875
1608 Dena Dr
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
House
Air Conditioning
11
$1,025
Spacious 3 Bed 1 Bed In Alta Vista
3188 Melbourne St Memphis, TN
3 BR | Ask for Availability
Contact
House
15
$1,600
3106 Harvester Ln
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
15
$1,095
First Month's Rent Free!!
5343 Clinchport Cir Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
11
$1,200
Retail Or Office
3122 Thomas St Memphis, TN
Studio | Ask for Availability
Contact
House
13
$975
1717 Dellwood Ave
Memphis, TN
2 BR | Ask for Availability
Contact
House
1
$1,295
Updated 3/1 Mha Approved
5186 Bitter Creek Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
1
$950
Large 4br For Rent In Memphis
5150 Breckenwood Dr Memphis, TN
4 BR | Ask for Availability
Contact
House
2
$1,075
Cozy 3 Bedroom Home In Frayser!
4019 Ridgedale St Memphis, TN
3 BR | May. 1, 2024
Contact
Dog Friendly
Cat Friendly
House
Storage
19
$950
5157 Blacksmith Dr
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Storage
11
$995
3309 Ashland St
Memphis, TN
3 BR | Available Now
Contact
House
1 - 30 of 38 Results
  1. Home
  2. Memphis
  3. 38127

How much does it cost to rent an apartment in 38127?

38127 apartments
Bed Type Average Rent Range
2BR $790 $700 - $980
3BR $1,100 $890 - $1,500
Frequently Asked Questions

How many apartments are available in 38127 on Rentable.co?

Rentable.co has 38 apartments available for rent in 38127.

What is the average rent for an apartment in 38127?

The average rent for an apartment in 38127 is around $1,050 per month.

What is the average rent for a two-bedroom apartment in 38127?

The average rent for a two-bedroom apartment in 38127 is around $792 per month.

Find an Apartment in 38127
Are you searching for apartments in the 38127 zip code area of Memphis, TN? You've come to the right place! On Rentable, there are currently 44 units available for rent in this location. The average rent for apartments in 38127 is $1,050, with 2-bedroom units starting at $695.

Whether you're looking for a spacious one-bedroom or a cozy studio, you can find a variety of options among the available units in 38127. Explore Rentable's listings and discover the perfect apartment that fits your needs and budget. Start your search for apartments near 38127 Memphis, TN today!

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.

Browse Memphis Apartments
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