How many apartments are available in 38141 on Rentable.co?
Rentable.co has 23 apartments available for rent in 38141.
What is the average rent for an apartment in 38141?
The average rent for an apartment in 38141 is around $1,550 per month.
Find an Apartment in 38141
Looking for apartments for rent in the 38141 zip code in Memphis, TN? Rentable has a variety of options available for you. Currently, there are 22 units available in this area. The average rent in 38141 is $1,550, and you can find 3-bedroom floor plans starting at $956.
The 38141 zip code is located in southeast Memphis and offers a convenient location near several amenities. If you enjoy spending time outdoors, you'll be glad to know that there are parks and green spaces nearby where you can relax or engage in recreational activities.
If you're looking for nearby points of interest, you'll find that 38141 is close to various shopping centers, restaurants, and entertainment options. Whether you prefer exploring the local cuisine or indulging in some retail therapy, you'll have plenty of choices in this area.
If you're ready to find your next rental in the 38141 zip code, Rentable has a range of apartments available for you to choose from. Take a look at our listings and find the one that suits your needs and preferences. Don't miss out on the opportunity to secure your ideal apartment in 38141 Memphis, TN.
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 BR2 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.