Apartments in 38117

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1

$1,450

Colonial Apartments

5140 Wheelis Dr Memphis, TN

3 BR | Available Now

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$1,300

The Shift: Redefining Urban Living In East Memphis

4955 Shifri Ave Memphis, TN

2 BR | Dec. 30, 2024

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$1,650

The Shift: Redefining Urban Living In East Memphis

526 N Mendenhall Rd Memphis, TN

3 BR | Available Now

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$1,300

The Shift: Redefining Urban Living In East Memphis

4935 Shifri Ave Memphis, TN

2 BR | Dec. 30, 2024

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$1,250 - 1,650

526-4955 N Mendenhall/Shifri

Memphis, TN

2 - 3 BR | Available Now

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Dishwasher

0

$1,300

The Shift: Redefining Urban Living In East Memphis

4941 Shifri Ave Memphis, TN

2 BR | Available Now

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0

$1,300

The Shift: Redefining Urban Living In East Memphis

4919 Shifri Ave Memphis, TN

2 BR | Available Now

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21

$1,700

135 N White Station RD

Memphis, TN

3 BR | Available Now

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Air Conditioning

Dishwasher

19

$1,600

4780 Mockingbird Ln Unit Side

Memphis, TN

3 BR | Available Now

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Dishwasher

1

$1,095

1762 Perkins

Memphis, TN

3 BR | Available Now

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Surface Parking

Storage

Dishwasher

19

$1,425

4624 Leatherwood Rd

Memphis, TN

3 BR | Jan. 2, 2025

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Air Conditioning

21

$1,295

Beautiful 3 Bedroom, 1 Bathroom Home For Rent!

1879 Danville Rd Memphis, TN

3 BR | Ask for Availability

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Air Conditioning

1

$2,049

Beautifully Renovated 3br/2b Home In Great Location!!

5157 Mason RD Memphis, TN

3 BR | Available Now

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Disability Access

1

$1,875

Newly Updated Home With 4 Beds And 2 Baths And Separate Dining Room.

4920 Sea Isle RD Memphis, TN

4 BR | Available Now

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Storage

1

$1,295

1906 Danville St

Memphis, TN

3 BR | Jan. 10, 2025

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1

$1,375

3 Bedroom, 1 Bath Near Poplar And Colonial

4847 Marion Ave Memphis, TN

3 BR | Available Now

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Dishwasher

1

$1,295

Audubon Square - Gated Community - East Memphis - Text The Leasing Team At 901-820-4367 To Schedule An Appointment!

836 Thistledown Dr Memphis, TN

2 BR | Available Now

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Balcony/Deck/Patio

Dishwasher

8

$1,450

Cute Updated 3/1 In 38117

4518 Quince Rd Memphis, TN

3 BR | Ask for Availability

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33

$1,600

1837 Dorrie Ln - Available Now!

1837 Dorrie Ln Memphis, TN

3 BR | Ask for Availability

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4

$1,550

4915 Marianne - Available Now!

4915 Marianne Ln Memphis, TN

3 BR | Ask for Availability

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3

$1,225

4401 Boyce - Available Now!

4401 Boyce Rd Memphis, TN

4 BR | Ask for Availability

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1

$1,600

Beautiful, Fully Renovated 3-bedroom, 2-bath

1802 Danville Rd Memphis, TN

3 BR | Ask for Availability

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1

$1,450

3 Bedroom 2 Bathroom Near Quince And Perkins

4454 Kimball Ave Memphis, TN

3 BR | Available Now

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Balcony/Deck/Patio

Dishwasher

1

$1,495

Updated 3 Bedroom 2 Bathroom Home In East Memphis!

4946 Amboy Rd Memphis, TN

3 BR | Available Now

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Balcony/Deck/Patio

Dishwasher

0

$3,900

Rare Find!! Breathtaking Charm! Gated Community! Pets Are Owner's Approval, Fees Apply.

493 W Racquet Club Pl Memphis, TN

4 BR | Available Now

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3

$1,550

1830 Myrna Lane - Available Now!

1830 Myrna Ln Memphis, TN

4 BR | Ask for Availability

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1

$1,650

Renovation Underway - Colonial Acres (5 Bedroom!)

1716 Cornelia Ln Memphis, TN

4 BR | Available Now

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1

$2,095

Spacious 3-bedroom, 2-bath Home With A Bonus Room!

551 S Goodlett St Memphis, TN

3 BR | Jan. 1, 2025

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Dishwasher

1

$2,650

Contemporary Home In White Station School District

4143 Hilldale Ave Memphis, TN

3 BR | Available Now

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Dishwasher

1

$1,650

3bd/2ba Home Located In Colonial Acres!

979 Wilbec Rd Memphis, TN

3 BR | Available Now

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1 - 30 of 40 Results

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Memphis
38117

Find an Apartment in 38117

Looking for apartments for rent in 38117 Memphis, TN? Rentable has a variety of rental options available in this area. Currently, there are 48 units available for rent in 38117, with an average rent of $1,470. The minimum rent for a 3-bedroom floor plan starts at $1,073.

If you're in search of apartments near 38117, Rentable has a wide selection of options to choose from. Whether you're looking for a studio, one-bedroom, or larger unit, you can find it here. Browse through our listings and discover the perfect apartment that suits your needs and budget.

With its convenient location in Memphis, TN, the apartments in 38117 provide easy access to a variety of amenities and attractions. Whether you're looking to explore nearby shopping centers, dine at local restaurants, or enjoy recreational activities, there is something for everyone in this area.

Don't miss out on the opportunity to find your ideal apartment in 38117. Explore Rentable's listings today and start your search for the perfect rental in Memphis, TN.

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.