Careers
Favorites
Advertise With Us
Log In
Create Search Alert
Get alerts when new listings become available in the Memphis area that match this search.
Email address:

Subscribed
Error! Please try again later.
Contact Property
Your Name

Email Address

Phone Number
Desired Move In Date
Desired Number of Bedrooms
Request a Tour Date

Ask a Question

Error! Please try again later.

Apartments in 38115

1 - 30 of 36 Results
10
$850 - 930
The Elevation at Autumn Ridge
6301 Village Grove Dr Memphis, TN
Studio - 1 BR | Jun. 8, 2024
Dog Friendly
Cat Friendly
Senior Community
35
$1,000 - 1,400
The Park at Paisley
4.2
3315 Ridgeway Road Memphis, TN
1 - 2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
22
$850 - 1,295
The Park at Hollyford
2.6
6555 North Country Oaks Circle Memphis, TN
1 - 2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
33
$760 - 1,049
Hickory Grove
4.2
6277 Lake Arbor Drive Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Surface Parking
Balcony/Deck/Patio
5
$615 - 749
Country Oaks
6555 Country Oaks Circle Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Pool
4
Call for Pricing
Emerald Square
6082 Knightsbridge Drive Memphis, TN
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Surface Parking
Dishwasher
15
$1,395
4049 Chinaberry Cove
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
In Unit Laundry
Balcony/Deck/Patio
5
$1,057
Monticello Apartments
6625 Monticello Lane Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Townhome
Section 8
Covered Parking
9
$980 - 1,200
The Brooklyn
3094 Autumnwood Ave Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
Dishwasher
5
$739
Eton Square Apartments
3315 Ridgeway Rd Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Fitness Center
Dishwasher
6
$795 - 1,175
The Bowery-memphis
6332 Village Grove Dr Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
Dishwasher
15
$1,449
3109 Emerald
Memphis, TN
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
12
$1,325
5499 Emerald Hills - Available Now!
5499 Emerald Hills Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
23
$1,450
3028 Oakland Hills - Available Now!
3028 Oakland Hills Cv Memphis, TN
3 BR | Ask for Availability
Contact
House
11
$1,150
3786 Deer Forest Dr
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
Dishwasher
14
$1,800
6618 Kirby Meadows Cv
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
20
$1,295
2987 New London
Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
2
$599 - 949
Emerald Pointe Apartment
3315 Hickory Hill Road Memphis, TN
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Balcony/Deck/Patio
Storage
14
$1,799
3151 Belle Grove Rd
Memphis, TN
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
23
$1,695
Beautiful 3 Bedroom, 2 Bathroom Home!
3421 Brownbark Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
8
$555 - 835
Village Green Apartments
Deal
2.6
3450 Fescue Lane Memphis, TN
1 - 3 BR | Available Now
Contact
Cat Friendly
Luxury
Air Conditioning
Covered Parking
Balcony/Deck/Patio
2
$1,595
3059 S Mendenhall- Coming Soon
3059 S Mendenhall Rd Memphis, TN
4 BR | Ask for Availability
Contact
House
2
$1,650
3949 Ross - Coming Soon!
3949 Ross Rd Memphis, TN
4 BR | Ask for Availability
Contact
House
2
$1,550
6882 Kirby Mills Cv - Available Now!
6882 Kirby Mills Cv Memphis, TN
3 BR | Ask for Availability
Contact
House
2
$1,395
3712 Firethorne - Coming Soon!
3712 Firethorne Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
5
Call for Pricing
Eden At Watersedge
2774 S Mendenhall Rd Memphis, TN
1 - 3 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Pool
2
$1,595
4091 Meadow Creek- Coming Soon!
4091 Meadow Creek Rd Memphis, TN
3 BR | Ask for Availability
Contact
House
31
$895 - 1,070
The District
6420 Knight Arnold Road Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Fitness Center
10
$520 - 800
The Reserve At Mt. Moriah
1.3
2778 Pickering Drive Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Balcony/Deck/Patio
Dishwasher
5
$500 - 850
Lakes At Ridgeway
1.9
5995 Waterstone Oak Way Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
In Unit Laundry
1 - 30 of 36 Results
  1. Home
  2. Memphis
  3. 38115

How much does it cost to rent an apartment in 38115?

38115 apartments
Bed Type Average Rent Range
1BR $910 $560 - $1,110
2BR $1,100 $650 - $1,320
3BR $1,050 $790 - $1,750
4+BR $1,620 $1,450 - $1,800
Frequently Asked Questions

How many apartments are available in 38115 on Rentable.co?

Rentable.co has 36 apartments available for rent in 38115.

What is the average rent for an apartment in 38115?

The average rent for an apartment in 38115 is around $1,020 per month.

What is the average rent for a two-bedroom apartment in 38115?

The average rent for a two-bedroom apartment in 38115 is around $1,100 per month.

What is the average rent for a one-bedroom apartment in 38115?

The average rent for a one-bedroom apartment in 38115 is around $910 per month.

Find an Apartment in 38115
Looking for apartments for rent in 38115 Memphis, TN? Rentable currently has 183 units available in this area. The average rent for apartments in 38115 is $1,020, with the lowest rent for a 1-bedroom floor plan starting at $562.

If you're searching for apartments near 38115, check out Rentable's listings in this area and find the perfect rental that meets 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.

Browse Memphis Apartments
Memphis Apartments by Neighborhood
Memphis Apartments by Bedrooms
Memphis Apartments by Affordability
Memphis Apartments with Amenities
Memphis Apartments by Type
Colleges Near Memphis
Memphis Apartments by Zip Code