Apartments in 38128

31 - 51 of 51 Results
1
$699
Memphis, TN
1 BR | Ask for Availability
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1
$800
Memphis, TN
2 BR | Ask for Availability
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1
$1,195
Memphis, TN
3 BR | Ask for Availability
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House
2
$995
2765 Walnut Rd Memphis, TN
3 BR | Ask for Availability
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8
$1,075
3258 Flower Valley Ave. Memphis, TN
3 BR | Available Now
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Disability Access
2
$950
Memphis, TN
3 BR | Available Now
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Dog Friendly
House
1
$950
Memphis, TN
3 BR | Available Now
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Dog Friendly
House
Air Conditioning
20
$1,925
Memphis, TN
5 BR | Available Now
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Dog Friendly
Cat Friendly
House
Storage
Dishwasher
$1,495
3090 S Glengarry Rd Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
3
$1,395
4282 Elysian Dr Memphis, TN
3 BR | Ask for Availability
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Air Conditioning
3
$1,150
4177 Crain Rd Memphis, TN
3 BR | Ask for Availability
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5
$620 - 878
4981 Hidden Lake Drive Memphis, TN
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Section 8
Balcony/Deck/Patio
Fitness Center
11
$1,175
Memphis, TN
3 BR | Available Now
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House
$1,295
Memphis, TN
4 BR | Ask for Availability
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$1,095
3219 Scheibler Rd Memphis, TN
3 BR | Ask for Availability
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Air Conditioning
$490 - 650
4183 Troost Drive Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
Section 8
Air Conditioning
Covered Parking
0
$895
3347 Elk Point Dr Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
0
$1,150
2781 W Hickory Blf Memphis, TN
2 BR | Available Now
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Dishwasher
0
$950
3656 Dorado Ave Memphis, TN
3 BR | Available Now
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0
$1,250
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
0
$1,150
3241 Cedar Springs Dr Memphis, TN
4 BR | Available Now
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31 - 51 of 51 Results
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How much does it cost to rent an apartment in 38128?

38128 apartments
Bed Type Average Rent Range
1BR $750 $570 - $890
2BR $1,020 $750 - $1,910
3BR $1,200 $830 - $1,690
4+BR $1,270 $1,150 - $1,700
Find an Apartment in 38128
Looking for apartments for rent in 38128 Memphis, TN? Rentable has a variety of options available in this area. Currently, there are 94 units available for rent. The average rent in 38128 is $1,070, and you can find 1-bedroom units starting at $570.

38128 is a diverse and vibrant zip code in Memphis, TN. There are several nearby points of interest and community amenities that make this area desirable. Whether you're looking for parks, shopping centers, or restaurants, you'll find plenty of options near apartments 38128 Memphis, TN.

If you're a nature lover, you'll be pleased to know that there are several parks in close proximity to the apartments near 38128. These parks offer opportunities for outdoor activities such as hiking, biking, or simply enjoying a peaceful day surrounded by nature.

With the variety of apartments available in 38128, you're sure to find one that suits your needs and preferences. Whether you're looking for a spacious floor plan or an affordable rental option, Rentable can help you find the perfect apartment in this area. Don't wait any longer, start your search for apartments in 38128 Memphis, TN today!

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.