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Apartments in 38118

1 - 30 of 42 Results
20
$845 - 1,005
Azure Place
Deal
3896 Chippewa Rd Memphis, TN
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Fitness Center
Dishwasher
13
$1,395
2946 Meadowfair - Available Now!
2946 Meadowfair Rd Memphis, TN
3 BR | Ask for Availability
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House
17
$1,295
Coming Soon!!!!!!! Beautiful 3 Bedroom, 2 Bathroom Home!
3698 Elm Park Rd Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
16
$1,395
4243 Bishops Bridge - Available Now!
4243 Bishops Bridge Rd Memphis, TN
3 BR | Ask for Availability
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House
11
$995
Beautiful 3 Bedroom, 1 Bathroom Home !
3464 Point Pleasant Ave Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
20
$1,195
3409 Kristy Dr
Memphis, TN
3 BR | Ask for Availability
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House
13
$1,199
2882 Cottonwood Cv
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
14
$1,275
2872 Churchill St
Memphis, TN
3 BR | Sep. 30, 2024
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Dog Friendly
Cat Friendly
House
Air Conditioning
16
$1,450
4990 Applewood - Coming Soon!
4990 Applewood Dr Memphis, TN
3 BR | Ask for Availability
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House
15
$1,045
4712 Lofts RD
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
Covered Parking
11
$1,395
3692 Bishops Brg
Memphis, TN
4 BR | Available Now
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Dog Friendly
Cat Friendly
House
Den
18
$1,295
4244 Knight Arnold Ave.
4244 Knight Arnold Rd Memphis, TN
3 BR | Ask for Availability
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House
12
$1,195
Beautiful 3 Bedroom, 1 Bathroom Home
2769 Cochese Cv Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
5
$1,045
4593 Sumners Wells Rd
Memphis, TN
3 BR | Sep. 30, 2024
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Dog Friendly
Cat Friendly
House
27
$1,100
3773 Kentwood Ln
Memphis, TN
3 BR | Oct. 7, 2024
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Dog Friendly
Cat Friendly
House
10
$1,349
4860 Chuck Ave
Memphis, TN
4 BR | Available Now
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Dog Friendly
Cat Friendly
House
7
$1,400
3632 Victory Heights Ln S
Memphis, TN
3 BR | Ask for Availability
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House
15
$1,399
4699 Deluth Ave
Memphis, TN
4 BR | Available Now
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Dog Friendly
Cat Friendly
House
15
$1,250
5077 Holly Ridge Dr
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
Covered Parking
17
$1,350
5071 Holly Ridge Dr - Available Now!
5071 Holly Ridge Dr Memphis, TN
3 BR | Ask for Availability
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House
17
$1,325
3394 Bentley - Available Now!
3394 Bentley Cv Memphis, TN
3 BR | Ask for Availability
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House
14
$1,295
3772 Kentwood Ln
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
13
$1,099
3050 Cromwell Ave
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
14
$1,195
4230 Navaho Ave
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
Covered Parking
15
$1,395
4692 Chuck - Available Now!
4692 Chuck Ave Memphis, TN
4 BR | Ask for Availability
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House
24
$1,295
Beautiful 3 Bedroom, 2 Bathroom Home For Rent!
3048 Meadows Ln Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
7
$1,195
Beautiful 3 Bedroom, 2 Bathroom Home For Rent!
3064 Atmore St Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
25
$1,295
4872 Knight Arnold
4872 Knight Arnold Rd Memphis, TN
3 BR | Ask for Availability
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House
28
$1,395
4888 Bondale
4888 Bondale Ave Memphis, TN
3 BR | Ask for Availability
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House
3
$1,400
4455 Pine Ridge Cv
Memphis, TN
3 BR | Oct. 1, 2024
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House
Air Conditioning
1 - 30 of 42 Results
  1. Home
  2. Memphis
  3. 38118

How much does it cost to rent an apartment in 38118?

38118 apartments
Bed Type Average Rent Range
2BR $990 $590 - $1,010
3BR $1,200 $1,000 - $1,400
4+BR $1,400 $1,150 - $1,600
Frequently Asked Questions

How many apartments are available in 38118 on Rentable.co?

Rentable.co has 42 apartments available for rent in 38118.

What is the average rent for an apartment in 38118?

The average rent for an apartment in 38118 is around $1,100 per month.

What is the average rent for a two-bedroom apartment in 38118?

The average rent for a two-bedroom apartment in 38118 is around $985 per month.

Find an Apartment in 38118
Looking for apartments for rent in the 38118 zip code of Memphis, TN? Rentable currently has a variety of available units in this area, with a total of 64 rentals to choose from. The average rent in 38118 is $1,100, and the minimum rent for a 2-bedroom floor plan starts at $594.

Whether you're in search of a cozy studio or a spacious family home, our apartments near 38118 Memphis, TN offer a range of options to suit your needs. Explore our listings today and find the perfect rental that fits your budget.

Memphis:
September Rent Report

Welcome to the September 2024 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the September 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
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
1 BR       2 BR

Memphis Rent Prices Increase From August to September

Memphis rent prices increased over the last month. From August to September, the city experienced a 0.93% increase for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $977.0.

When we take a look at the two-bedroom comparison from August to September, Memphis experienced a 0.65% increase for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,087.0.

September Prices: Memphis vs. Surrounding Areas

Germantown, TN
Cordova, TN
Collierville, TN
Horn Lake, MS
Southaven, MS
Memphis, TN
Millington, TN
$1,554
$1,434
$1,392
$1,383
$1,292
$968
$700
$0
$550
$1,100
$1,650
$2,200
Median 1 BR Rent

Rent Prices in Memphis and Surrounding Areas

Rent prices have increased 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 1 of the Memphis suburb increased last month. On the other hand, 5 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Horn Lake, MS .

  • Rent decreased in Cordova, TN, Southaven, MS, Collierville, TN, 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.

September 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
$4,195
$3,010
$2,365
$2,344
$1,862
$1,378
$1,226
$1,145
$968
$0
$1,400
$2,800
$4,200
$5,600
Median Rent

Memphis Rent Prices More Affordable Than Major Cities

Rent growth in Memphis over the past year has been on the rise. 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 September 1 BR M/M % Change 2 BR September 2 BR M/M % Change
Memphis, TN $968.0 1.26% $1,080.0 0.65%
Cordova, TN $1,434.0 -1.85% $1,610.0 -0.19%
Southaven, MS $1,292.0 -2.78% $1,406.0 -0.07%
Horn Lake, MS $1,383.0 0.95% $1,490.0 0.47%
Collierville, TN $1,392.0 -0.64% $1,645.0 0.12%
Germantown, TN $1,554.0 -0.96% $1,884.0 0.00%
Millington, TN $700.0 0.00% $1,650.0 3.45%

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.

Browse Memphis Apartments
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