Apartments in 38135

1 - 11 of 11 Results
21
$1,600
Memphis, TN
3 BR | Jul. 19, 2024
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Dog Friendly
Cat Friendly
House
Air Conditioning
14
$1,695
Bartlett, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
22
$1,595
3749 Beckman Dr Bartlett, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
14
$1,795
Memphis, TN
4 BR | Available Now
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Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Dishwasher
14
$1,650
5468 Sweetwater Ln Bartlett, TN
3 BR | Available Now
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House
Storage
$1,900
3726 Westridge Cv Bartlett, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
$1,595
3963 Castile St Memphis, TN
3 BR | Available Now
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House
15
$1,950
Memphis, TN
3 BR | Available Now
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House
Storage
Dishwasher
$2,400
6057 Daybreak Dr Bartlett, TN
4 BR | Available Now
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House
Dishwasher
$1,895
6688 Laurel Valley Dr Bartlett, TN
3 BR | Available Now
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House
$2,095
4600 Orange Tulip Dr Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
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Balcony/Deck/Patio
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1 - 11 of 11 Results
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How much does it cost to rent an apartment in 38135?

38135 apartments
Bed Type Average Rent Range
3BR $1,700 $1,600 - $2,100
Find an Apartment in 38135
Are you in search of apartments for rent near 38135 in Memphis, TN? Look no further! Rentable currently has a variety of units available in this area, with a total of 11 options to choose from. The average rent for apartments in 38135 is $1,800, and you can find units starting at just $1,595 for a 3-bedroom floor plan.

If you're ready to find your next rental, check out Rentable's selection of apartments near 38135 Memphis, TN. With a variety of options and affordable rent prices, you're sure to find the perfect place for your needs.

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.