Apartments in 38127

1 - 30 of 45 Results
29
3D Tour
Memphis Blues Apartment for rent in Memphis, TN
Memphis Blues Apartment for rent in Memphis, TN
$1,210
1401 Memphis Blues Ave Memphis, TN
3 BR | Mar. 1, 2025
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House
5
Ridgecrest Apartments Apartment for rent in Memphis, TN
Ridgecrest Apartments Apartment for rent in Memphis, TN
Call for Pricing
2570 Woodcliff Dr Memphis, TN
1 - 3 BR | Ask for Availability
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Air Conditioning
Balcony/Deck/Patio
11
Available Now: Charming 4 Bed, 2 Bath Home! Apartment for rent in Memphis, TN
Available Now: Charming 4 Bed, 2 Bath Home! Apartment for rent in Memphis, TN
$1,295
461 Elmfield Cv Memphis, TN
4 BR | Ask for Availability
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House
Air Conditioning
12
Updated Section 8 Approved 3/1 Apartment for rent in Memphis, TN
Updated Section 8 Approved 3/1 Apartment for rent in Memphis, TN
$995
5243 Beaverton Dr Memphis, TN
3 BR | Ask for Availability
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House
8
1295 Floyd Ave Apartment for rent in Memphis, TN
1295 Floyd Ave Apartment for rent in Memphis, TN
$1,900
Memphis, TN
5 BR | Available Now
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11
1583 Paullus Ave Apartment for rent in Memphis, TN
1583 Paullus Ave Apartment for rent in Memphis, TN
$1,095
Memphis, TN
3 BR | Ask for Availability
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House
12
Move In This Month And Enjoy Your Choice Of A Free Tv Or Fridge Apartment for rent in Memphis, TN
Move In This Month And Enjoy Your Choice Of A Free Tv Or Fridge Apartment for rent in Memphis, TN
$1,250
2470 Lisa Ave Memphis, TN
4 BR | Ask for Availability
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House
1
641 Mc Whirter Apartment for rent in Memphis, TN
$700
Memphis, TN
2 BR | Ask for Availability
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House
15
Northaven Home For Rent Apartment for rent in Memphis, TN
Northaven Home For Rent Apartment for rent in Memphis, TN
$950
5091 Breckenwood Dr Memphis, TN
3 BR | Ask for Availability
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House
10
5072 Blacksmith Dr Apartment for rent in Memphis, TN
5072 Blacksmith Dr Apartment for rent in Memphis, TN
$950
Memphis, TN
3 BR | Ask for Availability
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House
1
Spacious 3 Bedroom Home At 2621 Derbyshire Apartment for rent in Memphis, TN
$1,267
2621 Derbyshire Ave Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Storage
Disability Access
5
Greenbriar Apartments Apartment for rent in Memphis, TN
Greenbriar Apartments Apartment for rent in Memphis, TN
$1 - 900
3131 Madewell Memphis, TN
1 - 3 BR | Ask for Availability
Contact
Air Conditioning
Surface Parking
15
3395 Edgar St Apartment for rent in Memphis, TN
3395 Edgar St Apartment for rent in Memphis, TN
$995
Memphis, TN
3 BR | Ask for Availability
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House
17
Cozy 3-bedroom, 2-bathroom Home With Charming Updates Apartment for rent in Memphis, TN
Cozy 3-bedroom, 2-bathroom Home With Charming Updates Apartment for rent in Memphis, TN
$1,195
2504 Redvers Ave Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
14
Great Home To Get!! Apartment for rent in Memphis, TN
Great Home To Get!! Apartment for rent in Memphis, TN
$1,095
3125 Madeline Cir Memphis, TN
3 BR | Ask for Availability
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House
19
2 Bedroom W/detached Garage! Apartment for rent in Memphis, TN
2 Bedroom W/detached Garage! Apartment for rent in Memphis, TN
$895
1485 Oberle Ave Memphis, TN
2 BR | Ask for Availability
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House
20
Newly Remodeled! Apartment for rent in Memphis, TN
Newly Remodeled! Apartment for rent in Memphis, TN
$1,295
3604 England St Memphis, TN
4 BR | Ask for Availability
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House
1
2659 Windsor Apartment for rent in Memphis, TN
$700
Memphis, TN
2 BR | Feb. 28, 2025
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House
13
Move In Ready Apartment for rent in Memphis, TN
Move In Ready Apartment for rent in Memphis, TN
$895
3035 Morningside St Memphis, TN
3 BR | Ask for Availability
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House
1
Newly Renovated 3 Bedroom 1 Bath Home Apartment for rent in Memphis, TN
$950
3910 Ferdie Cv Memphis, TN
3 BR | Available Now
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House
1
774 Frayser Apartment for rent in Memphis, TN
$1,300
774 Frayser Dr Memphis, TN
3 BR | Available Now
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Dog Friendly
House
1
$1,400
Memphis, TN
3 BR | Available Now
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House
1
$725
3205 E Shirley Cir Unit 3 Memphis, TN
1 BR | Available Now
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1
$1,350
3674 Overton Xing Memphis, TN
4 BR | Ask for Availability
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Dog Friendly
Cat Friendly
House
1
$1,195
3823 Donna Dr Memphis, TN
3 BR | Available Now
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House
1
$1,300
3657 Mountain Terrace St Memphis, TN
3 BR | Ask for Availability
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House
1
Call for Pricing
3299 Amselle Cir Memphis, TN
3 BR | Available Now
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House
0
$900
931 Frayser Blvd Memphis, TN
3 BR | Available Now
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2
$995
5047 French Bend Ln Memphis, TN
3 BR | Ask for Availability
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House
1
$1,295
Memphis, TN
2 BR | Ask for Availability
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1 - 30 of 45 Results
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How much does it cost to rent an apartment in 38127?

38127 apartments
Bed Type Average Rent Range
2BR $700 $700 - $1,300
3BR $1,050 $890 - $1,400
4+BR $1,300 $1,150 - $1,600
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 51 units available for rent in this location. The average rent for apartments in 38127 is $1,060, 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:
February Rent Report

Welcome to the February 2025 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the February 2025 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
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
Jan. 2025
Feb. 2025
1 BR       2 BR

Memphis Rent Prices Decrease From January to February

Memphis rent prices decreased over the last month. From January to February, the city experienced a -0.48% decrease for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $1,040.0.

When we take a look at the two-bedroom comparison from January to February, Memphis experienced a 1.12% increase for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,178.0.

February Prices: Memphis vs. Surrounding Areas

Germantown, TN
Lakeland, TN
Cordova, TN
Southaven, MS
Horn Lake, MS
Collierville, TN
Memphis, TN
Marion, AR
$2,032
$1,989
$1,378
$1,376
$1,375
$1,352
$1,045
$817
$0
$700
$1,400
$2,100
$2,800
Median 1 BR Rent

Rent Prices in Memphis and Surrounding Areas

Rent prices have decreased 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 3 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 Horn Lake, MS, Germantown, TN, Lakeland, TN .

  • Rent decreased in Cordova, TN, Southaven, MS, Collierville, TN, Marion, AR.

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

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

February 2025 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
$4,052
$3,132
$2,386
$2,333
$1,902
$1,262
$1,246
$1,207
$1,045
$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 declining. 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 February 1 BR M/M % Change 2 BR February 2 BR M/M % Change
Memphis, TN $1,045.0 0.58% $1,165.0 0.52%
Cordova, TN $1,378.0 -0.36% $1,561.0 -0.57%
Southaven, MS $1,376.0 -2.06% $1,413.0 -4.27%
Horn Lake, MS $1,375.0 2.69% $1,516.0 3.69%
Collierville, TN $1,352.0 -0.22% $1,621.0 -0.25%
Marion, AR $817.0 -0.73% $1,005.0 -1.95%
Germantown, TN $2,032.0 7.51% $2,156.0 10.51%
Lakeland, TN $1,989.0 5.91% $2,242.0 3.03%

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.