How many apartments are available in 38127 on Rentable.co?
Rentable.co has 43 apartments available for rent in 38127.
What is the average rent for an apartment in 38127?
The average rent for an apartment in 38127 is around $1,000 per month.
What is the average rent for a two-bedroom apartment in 38127?
The average rent for a two-bedroom apartment in 38127 is around $785 per month.
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 49 units available for rent in this location. The average rent for apartments in 38127 is $1,000, 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 BR2 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.