Apartments in 38127

1 - 30 of 42 Results
8
$1,075
5316 Plover Dr Memphis, TN
3 BR | Available Now
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House
14
$795
3068 Harvester Ln Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Storage
6
$875
4583 Range Line RD Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
5
$950
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
10
$750
5268 Braden Dr Memphis, TN
3 BR | Ask for Availability
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House
15
$995
5091 Breckenwood Dr Memphis, TN
3 BR | Ask for Availability
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House
7
$1,025
Memphis, TN
3 BR | Ask for Availability
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10
$950
Memphis, TN
3 BR | Ask for Availability
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House
11
$1,095
Memphis, TN
3 BR | Ask for Availability
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12
$1,400
Memphis, TN
4 BR | Ask for Availability
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19
$995
1485 Oberle Ave Memphis, TN
2 BR | Ask for Availability
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10
$1,095
Memphis, TN
3 BR | Ask for Availability
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House
11
$955
3188 Melbourne St Memphis, TN
3 BR | Ask for Availability
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19
$1,195
Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
5
$825
644 Northaven Dr Memphis, TN
4 BR | Ask for Availability
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House
9
$950
Memphis, TN
3 BR | Ask for Availability
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House
7
$875
Memphis, TN
3 BR | Available Now
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Dog Friendly
House
Air Conditioning
15
$1,095
Memphis, TN
3 BR | Ask for Availability
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House
13
$995
3035 Morningside St Memphis, TN
3 BR | Ask for Availability
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0
$1,950
Memphis, TN
4 BR | Ask for Availability
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Dog Friendly
Cat Friendly
House
1
$995
Memphis, TN
4 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$725
3205 E Shirley Cir Unit 3 Memphis, TN
1 BR | Available Now
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0
$785
3285-3287 Birchfield Dr Memphis, TN
2 BR | Available Now
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0
Call for Pricing
3299 Amselle Cir Memphis, TN
3 BR | Available Now
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0
$925
4514 Suncrest Dr Memphis, TN
3 BR | Available Now
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0
$1,075
955 Chesterton Dr Memphis, TN
3 BR | Available Now
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0
$1,950
3190 Debby St Memphis, TN
5 BR | Available Now
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1
$1,295
Memphis, TN
3 BR | Ask for Availability
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House
2
$995
5047 French Bend Ln Memphis, TN
3 BR | Ask for Availability
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0
$900
931 Frayser Blvd Memphis, TN
3 BR | Available Now
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1 - 30 of 42 Results
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  2. Memphis
  3. 38127

How much does it cost to rent an apartment in 38127?

38127 apartments
Bed Type Average Rent Range
2BR $840 $700 - $1,000
3BR $1,000 $800 - $1,300
4+BR $1,200 $830 - $1,950
Find an Apartment in 38127
Are you searching for apartments in the 38127 zip code area of Memphis, TN? You've come to the right place! On Rentable, there are currently 41 units available for rent in this location. The average rent for apartments in 38127 is $950, with 2-bedroom units starting at $695.

Whether you're looking for a spacious one-bedroom or a cozy studio, you can find a variety of options among the available units in 38127. Explore Rentable's listings and discover the perfect apartment that fits your needs and budget. Start your search for apartments near 38127 Memphis, TN today!

Memphis:
November Rent Report

Welcome to the November 2024 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 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
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR       2 BR

Memphis Rent Prices Increase From October to November

Memphis rent prices increased over the last month. From October to November, the city experienced a 1.91% increase for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $1,015.0.

When we take a look at the two-bedroom comparison from October to November, Memphis experienced a 1.7% increase for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,137.0.

November Prices: Memphis vs. Surrounding Areas

Germantown, TN
Cordova, TN
Collierville, TN
Horn Lake, MS
Southaven, MS
Olive Branch, MS
Memphis, TN
Marion, AR
$1,571
$1,408
$1,377
$1,347
$1,287
$1,250
$996
$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, 5 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, Olive Branch, MS.

  • 6 suburbs are currently priced higher than the city of Memphis.

  • 1 suburb is currently priced lower than the city of Memphis.

November 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
$4,211
$3,115
$2,373
$2,354
$1,903
$1,338
$1,246
$1,202
$996
$0
$1,400
$2,800
$4,200
$5,600
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 November 1 BR M/M % Change 2 BR November 2 BR M/M % Change
Memphis, TN $996.0 1.94% $1,118.0 2.85%
Cordova, TN $1,408.0 -0.85% $1,590.0 -0.75%
Southaven, MS $1,287.0 1.50% $1,409.0 0.43%
Horn Lake, MS $1,347.0 -2.81% $1,454.0 -3.65%
Collierville, TN $1,377.0 -0.36% $1,634.0 -0.24%
Marion, AR $825.0 0.00% $1,059.0 -0.28%
Olive Branch, MS $1,250.0 0.00% $1,360.0 0.59%
Germantown, TN $1,571.0 0.77% $1,864.0 -1.06%

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.