Apartments in 38118

1 - 29 of 29 Results
22
$805 - 1,400
3896 Chippewa Rd Memphis, TN
1 - 4 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Fitness Center
Dishwasher
10
$1,095
3075 Edgeware Rd S Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
13
$1,250
Memphis, TN
3 BR | Jan. 2, 2025
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Dog Friendly
Cat Friendly
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17
$1,595
Memphis, TN
4 BR | Ask for Availability
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5
$1,195
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
21
$1,595
Memphis, TN
5 BR | Ask for Availability
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House
Air Conditioning
13
$1,250
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
18
$1,395
Memphis, TN
4 BR | Ask for Availability
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House
Air Conditioning
6
$1,395
4891 Scottsdale Ave Memphis, TN
3 BR | Ask for Availability
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14
$999
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
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2
$1,450
3311 Barbwood Dr Memphis, TN
3 BR | Ask for Availability
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1
$999
3050 Cromwell Ave Memphis, TN
3 BR | Available Now
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1
$1,150
4302 Knight Arnold Rd Memphis, TN
3 BR | Available Now
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2
$1,495
4885 Charrin Cv Memphis, TN
3 BR | Ask for Availability
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1
$1,295
4105 Bishops Bridge Rd Memphis, TN
3 BR | Available Now
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1
$1,250
Memphis, TN
3 BR | Available Now
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Dog Friendly
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Dishwasher
1
$1,195
4042 Cottonwood Rd Memphis, TN
3 BR | Ask for Availability
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Air Conditioning
9
$900
Memphis, TN
3 BR | Available Now
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Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
2
$1,450
3706 Bedford Ln Memphis, TN
3 BR | Ask for Availability
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5
$625
3541 Mediterranean Dr Memphis, TN
2 BR | Available Now
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Section 8
Air Conditioning
In Unit Laundry
13
$1,150
Memphis, TN
4 BR | Available Now
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$1,050
4880 Teal Ave Memphis, TN
3 BR | Ask for Availability
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Air Conditioning
10
$1,195
4127 Cedarwood Cv Memphis, TN
3 BR | Available Now
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0
$1,225
4981 Scenicwood Cv Memphis, TN
3 BR | Available Now
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Dishwasher
0
$750
3504 Christine Rd Memphis, TN
2 BR | Available Now
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1
$500
Memphis, TN
2 BR | Available Now
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0
$995
3011 Christine Rd Memphis, TN
3 BR | Available Now
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0
$1,195
Memphis, TN
3 BR | Available Now
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0
$1,299
4860 Chuck Ave Memphis, TN
4 BR | Available Now
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1 - 29 of 29 Results
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How much does it cost to rent an apartment in 38118?

38118 apartments
Bed Type Average Rent Range
1BR $830 $810 - $840
2BR $880 $590 - $920
3BR $1,200 $980 - $1,460
4+BR $1,400 $1,150 - $1,600
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 $960, 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:
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.