Apartments in 38127

1 - 22 of 22 Results
5
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2570 Woodcliff Dr Memphis, TN
1 - 3 BR | Ask for Availability
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Air Conditioning
Balcony/Deck/Patio
5
$1 - 900
3131 Madewell Memphis, TN
1 - 3 BR | Ask for Availability
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Air Conditioning
Surface Parking
7
$750
Memphis, TN
2 BR | Available Now
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House
Disability Access
8
$945
5318 Clinchport Cir Memphis, TN
3 BR | Available Now
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Disability Access
27
$1,025
3235 Debby St Memphis, TN
3 BR | Available Now
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Disability Access
16
$895
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
7
$875
Memphis, TN
3 BR | Available Now
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Dog Friendly
House
Air Conditioning
12
$975
Memphis, TN
3 BR | Available Now
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Air Conditioning
Covered Parking
21
$895
4499 Range Line Rd Memphis, TN
3 BR | Available Now
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Air Conditioning
24
$1,300
2621 Derbyshire Ave Memphis, TN
3 BR | Available Now
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Dog Friendly
House
Storage
Disability Access
Dishwasher
11
$895
3964 Callahan Dr Memphis, TN
3 BR | Available Now
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House
Disability Access
19
$950
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Storage
$925
3872 Ajanders Dr Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
$1,100
3303 Paullus Cv Memphis, TN
3 BR | Ask for Availability
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14
$1,100
4098 Steele St Memphis, TN
3 BR | Available Now
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$735
2912 N Watkins St Memphis, TN
2 BR | Available Now
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$1,025
4514 Suncrest Dr Memphis, TN
3 BR | Available Now
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$1,500
774 Frayser Dr Memphis, TN
3 BR | Ask for Availability
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Dog Friendly
House
$750
1333 Halcomb Ln Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
$725
Memphis, TN
2 BR | Available Now
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2
$1,075
4019 Ridgedale St Memphis, TN
3 BR | Available Now
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1 - 22 of 22 Results
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  3. 38127

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

38127 apartments
Bed Type Average Rent Range
2BR $740 $730 - $750
3BR $960 $880 - $1,440
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 26 units available for rent in this location. The average rent for apartments in 38127 is $940, with 2-bedroom units starting at $725.

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:
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.