Apartments in 38112

1 - 30 of 32 Results
12
$950 - 1,650
1550 N Pkwy Memphis, TN
Studio - 3 BR | Available Now
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Senior Community
Air Conditioning
Balcony/Deck/Patio
3
Call for Pricing
203 Red Oak Dr Memphis, TN
1 - 4 BR | Ask for Availability
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Air Conditioning
Fitness Center
16
$2,195
598 N Trezevant St Memphis, TN
3 BR | Jul. 7, 2024
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House
Dishwasher
5
$895
2342 Parkway Pl Memphis, TN
Studio | Available Now
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Air Conditioning
Surface Parking
Storage
15
$999
1571 Galloway Ave Memphis, TN
2 BR | Available Now
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Air Conditioning
Storage
Disability Access
16
$795
Memphis, TN
2 BR | Available Now
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Cat Friendly
House
Air Conditioning
12
$850
190 Hawthorne St Memphis, TN
Studio | Available Now
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Cat Friendly
Disability Access
5
$550
165 N Merton Ave Memphis, TN
1 BR | Available Now
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Storage
Disability Access
13
$995
3227 Lyndale Ave Memphis, TN
3 BR | Available Now
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House
15
$825
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
1
$995
170 N Hollywood St Memphis, TN
2 BR | Available Now
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Storage
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15
$1,550
Memphis, TN
3 BR | Jul. 10, 2024
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Cat Friendly
1
$1,400 - 1,725
226
226 N Mcneil St Memphis, TN
1 - 3 BR | Jun. 1, 2024
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Storage
39
$3,000
Memphis, TN
2 BR | Jul. 1, 2024
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Air Conditioning
Storage
Dishwasher
4
$1,175
Memphis, TN
4 BR | Available Now
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House
3
$1,100
147 Roberta St Memphis, TN
2 BR | Jul. 15, 2024
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Cat Friendly
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1
$2,495
474 Stonewall St Memphis, TN
3 BR | Ask for Availability
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House
$850 - 1,325
1550 N Pkwy Memphis, TN
Studio - 3 BR | Available Now
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Dog Friendly
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Covered Parking
Surface Parking
Dishwasher
23
$2,100
443 N Avalon St Memphis, TN
4 BR | Available Now
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Storage
Disability Access
14
$1,095
625 Mcconnell St Memphis, TN
2 BR | Available Now
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House
Storage
8
$895
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Dishwasher
9
$1,195
Memphis, TN
3 BR | Available Now
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Cat Friendly
House
Air Conditioning
Storage
$825
Memphis, TN
1 BR | Jun. 1, 2024
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Dog Friendly
29
$1,320
2399 Avery Ave Memphis, TN
2 BR | Available Now
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Cat Friendly
House
Dishwasher
23
$825
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
Storage
$695
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
13
$1,695
Memphis, TN
3 BR | Aug. 16, 2024
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Balcony/Deck/Patio
Storage
Dishwasher
13
$1,650
18 S Alicia Dr Memphis, TN
3 BR | Available Now
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Storage
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17
$815 - 915
2451 Union Avenue Memphis, TN
2 BR | Available Now
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Section 8
Air Conditioning
Storage
11
$1,695
Memphis, TN
3 BR | Available Now
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1 - 30 of 32 Results
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  3. 38112

How much does it cost to rent an apartment in 38112?

38112 apartments
Bed Type Average Rent Range
Studio $880 $850 - $890
1BR $930 $690 - $1,350
2BR $1,100 $740 - $2,330
3BR $1,600 $840 - $2,460
4+BR $2,100 $1,180 - $2,800
Find an Apartment in 38112
Looking for apartments for rent in 38112 Memphis, TN? Rentable has a variety of options for you to choose from. Currently, there are 92 units available in this zip code. The average rent for apartments in 38112 is $1,000, with the lowest rent for a 1-bedroom floor plan starting at $729.

38112 is home to several parks and points of interest. Overton Park is a vibrant green space offering walking trails, a playground, and the Memphis Zoo. Additionally, Rhodes College, a private liberal arts institution, is located in this zip code.

When searching for apartments near 38112, Rentable is your go-to resource. Explore our listings to find the perfect rental that fits your budget and lifestyle in Memphis, TN.

Memphis:
May Rent Report

Welcome to the May 2024 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 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 April to May

Memphis rent prices decreased over the last month. From April to May, 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 April to May, 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.

May Prices: Memphis vs. Surrounding Areas

Germantown, TN
Cordova, TN
Collierville, TN
Horn Lake, MS
Southaven, MS
Memphis, TN
Millington, TN
$1,544
$1,476
$1,439
$1,314
$1,260
$953
$500
$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 2 of the Memphis suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Horn Lake, MS, Collierville, TN .

  • Rent decreased in Cordova, TN, Southaven, MS, Germantown, TN, Millington, TN.

  • 5 suburbs are currently priced higher than the city of Memphis.

  • 1 suburb is currently priced lower than the city of Memphis.

May 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
$4,056
$3,039
$2,377
$2,336
$1,913
$1,300
$1,283
$1,178
$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 May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
Memphis, TN $953.0 -0.52% $1,068.0 -0.19%
Cordova, TN $1,476.0 -0.14% $1,624.0 -0.61%
Southaven, MS $1,260.0 -0.79% $1,457.0 1.39%
Horn Lake, MS $1,314.0 0.84% $1,428.0 -0.49%
Collierville, TN $1,439.0 3.01% $1,632.0 0.00%
Germantown, TN $1,544.0 -0.07% $1,845.0 0.55%
Millington, TN $500.0 0.00% $1,500.0 42.45%

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.