Apartments in 38116

31 - 47 of 47 Results

5

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Peppertree Apartments

4243 Graceland Dr Memphis, TN

1 - 3 BR | Available Now

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Income Restricted

8

$775

1214 Laudeen Dr

Memphis, TN

2 BR | Ask for Availability

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$380 - 565

Charter Oak Apartments

5473 Vander Oak Drive Memphis, TN

1 - 3 BR | Available Now

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Dog Friendly

Cat Friendly

Income Restricted

Section 8

Air Conditioning

1

$675

Fantastic Whitehaven Apartment!

4050 Barton Dr Memphis, TN

1 BR | Ask for Availability

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1

$775

Fantastic Whitehaven Apartment!

3949 Barton Dr Memphis, TN

2 BR | Ask for Availability

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0

$1,325

Ranch Style Home With Gated Parking! Available Now! Newly Painted! Interior Images Coming Soon. Pets Are Owner's Approval, Fees Apply.

1888 Finley Rd Memphis, TN

3 BR | Available Now

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Dog Friendly

Cat Friendly

House

1

$775

Fantastic Whitehaven Apartment!

4028 Barton Dr Memphis, TN

2 BR | Ask for Availability

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1

$775

1240 Laudeen Dr

Memphis, TN

2 BR | Ask for Availability

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0

$1,245

-fully Renovated 3 Bedroom, 1.5 Bathroom Home In Whitehaven-

1269 Ryanwood Dr Memphis, TN

3 BR | Available Now

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Dog Friendly

Cat Friendly

House

0

$1,325

Newly Renovated Home In Whitehaven

1062 Cullenwood Rd Memphis, TN

4 BR | Available Now

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House

0

$1,345

Text The Leasing Team At 901-820-4367 To Schedule Your Tour Today!

1010 Mosby Rd Memphis, TN

4 BR | Available Now

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House

1

$775

3948 Royal Oaks Dr

Memphis, TN

2 BR | Ask for Availability

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1

$725

Fantastic Whitehaven Apartment!

4070 Barton Dr Memphis, TN

2 BR | Ask for Availability

Contact

1

$775

Fantastic Whitehaven Apartment!

4040 Barton Dr Memphis, TN

2 BR | Ask for Availability

Contact

1

$775

Fantastic Whitehaven Apartment!

3980 Barton Dr Memphis, TN

2 BR | Ask for Availability

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1

$775

Fantastic Whitehaven Apartment!

4016 Barton Dr Memphis, TN

2 BR | Ask for Availability

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$545 - 675

Mill Creek Apartments

1.8

4537 Mill Stream Dr. Memphis, TN

1 - 2 BR | Available Now

31 - 47 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.