Apartments in 38116

1 - 30 of 47 Results

11

$1,000

Awesome Home In Whitehaven For Rent

1055 Marlin Rd Memphis, TN

3 BR | Ask for Availability

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House

Air Conditioning

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9

$1,250

1611 Buxton Ave

Memphis, TN

3 BR | Available Now

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Cat Friendly

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5

$720

843 Candace Dr

Memphis, TN

2 BR | Available Now

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Cat Friendly

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4

$1,495

1634 Oakwood Dr - Available Now!

1634 Oakwood Dr Memphis, TN

3 BR | Ask for Availability

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17

$1,695

3804 Blue Jay Rd

Memphis, TN

5 BR | Ask for Availability

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13

$1,049

4367 Gardenview Dr

Memphis, TN

3 BR | Available Now

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Cat Friendly

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5

$995

4743 Dianne Dr

Memphis, TN

3 BR | Mar. 3, 2025

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Cat Friendly

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13

$1,500

1909 Prado Ave

Memphis, TN

3 BR | Available Now

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Cat Friendly

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5

$1,300

1423 Abernathy Rd

Memphis, TN

3 BR | Jan. 2, 2025

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Cat Friendly

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19

$1,250

1626 Buxton Ave

Memphis, TN

3 BR | Jan. 2, 2025

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Cat Friendly

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1

$1,195

Newly Renovated 3br/1b Home In Whitehaven

5589 Lochinvar Ave Memphis, TN

3 BR | Available Now

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25

$1,395

Coming Soon- End Of January 2025

3359 Lucibill Rd Memphis, TN

3 BR | Ask for Availability

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14

$1,495

3843 Windcrest Rd

Memphis, TN

4 BR | Ask for Availability

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Air Conditioning

1

$850

5336 Airways Blvd

Memphis, TN

1 BR | Available Now

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0

$825

1938-2006 E Raines/Bonnie

Memphis, TN

2 BR | Available Now

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3

$1,150

1454 Winfield Ave - Available Now!

1454 Winfield Ave Memphis, TN

3 BR | Ask for Availability

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3

$1,450

4004 Graceland Drive - Available Now!

4004 Graceland Dr Memphis, TN

3 BR | Ask for Availability

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2

$1,150

4790 Rickard Rd - Available Now!

4790 Rickard Rd Memphis, TN

3 BR | Ask for Availability

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1

$750

3023 Josibpet Ln

Memphis, TN

1 BR | Available Now

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Dog Friendly

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3

$1,295

1961 Janis Drive - Available Now!

1961 Janis Dr Memphis, TN

3 BR | Ask for Availability

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1

Call for Pricing

3113 Charwell Ln

Memphis, TN

Studio | Available Now

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Dog Friendly

House

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1

$750

3044 Josibpet Ln

Memphis, TN

1 BR | Available Now

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Dog Friendly

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1

Call for Pricing

3048 Juca Ln

Memphis, TN

3 BR | Available Now

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Dog Friendly

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Air Conditioning

$1,050

Shelby Pointe Townhomes

1500 E Shelby Dr Memphis, TN

2 BR | Available Now

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$1,250

1257 Winfield - Available Now!

1257 Winfield Ave Memphis, TN

3 BR | Ask for Availability

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$1,115

Wilson Crossing

4907 Autumn Leaf Dr Memphis, TN

2 BR | Available Now

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$795

1116 Marlin Rd

Memphis, TN

2 BR | Ask for Availability

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House

Air Conditioning

15

$900 - 1,000

Faronia Square

1350 S Faronia Sq Memphis, TN

2 BR | Available Now

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Dishwasher

$1,800

1102 Whitaker Cv

Memphis, TN

3 BR | Jan. 1, 2025

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Dishwasher

$1,095

Chambliss Village

1086-4301 Chambliss Rd Cv Memphis, TN

2 BR | Available Now

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1 - 30 of 47 Results

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Memphis
38116

Find an Apartment in 38116

Are you on the hunt for apartments near 38116 Memphis, TN? Look no further than Rentable! Currently, there are 62 units available for rent in the 38116 zip code. The average rent for these apartments is $1,000, with 1-bedroom units starting at $380.

Whether you're searching for a studio, one-bedroom, or two-bedroom apartment, you'll find a variety of options to choose from in this area. Take advantage of the affordable rents and explore the 38116 apartments listed on Rentable to find your perfect match.

Make your move to the 38116 zip code today and enjoy the convenience of nearby shopping centers, restaurants, and entertainment venues. Don't wait any longer! Start your search for apartments for rent in 38116 Memphis, TN on Rentable now.

Memphis:
December Rent Report

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

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

Jun. 2024

Jul. 2024

Aug. 2024

Sep. 2024

Oct. 2024

Nov. 2024

Dec. 2024

1 BR 2 BR

Memphis Rent Prices Increase From November to December

Memphis rent prices increased over the last month. From November to December, the city experienced a 2.36% increase for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $1,039.0.

When we take a look at the two-bedroom comparison from November to December, Memphis experienced a 1.93% increase for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,159.0.

December Prices: Memphis vs. Surrounding Areas

Germantown, TN

Cordova, TN

Southaven, MS

Collierville, TN

Horn Lake, MS

Memphis, TN

Marion, AR

$1,579

$1,402

$1,368

$1,368

$1,340

$1,015

$825

$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 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 Southaven, MS, Germantown, TN .
Rent decreased in Cordova, TN, Horn Lake, MS, Collierville, TN, Marion, AR.
5 suburbs are currently priced higher than the city of Memphis.
1 suburb is currently priced lower than the city of Memphis.

December 2024 Pricing Trends: Memphis vs. National Comparisons

New York, NY

San Francisco, CA

Los Angeles, CA

Washington, DC

Chicago, IL

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

Memphis, TN

$4,134

$3,160

$2,389

$2,353

$1,914

$1,318

$1,255

$1,234

$1,015

$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 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 December	1 BR M/M % Change	2 BR December	2 BR M/M % Change
Memphis, TN	$1,015.0	1.91%	$1,137.0	1.70%
Cordova, TN	$1,402.0	-0.43%	$1,580.0	-0.63%
Southaven, MS	$1,368.0	6.29%	$1,463.0	3.83%
Horn Lake, MS	$1,340.0	-0.52%	$1,450.0	-0.27%
Collierville, TN	$1,368.0	-0.65%	$1,627.0	-0.43%
Marion, AR	$825.0	0.00%	$1,046.0	-1.23%
Germantown, TN	$1,579.0	0.51%	$1,778.0	-4.61%

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.