Apartments in 38016

25 rentals

Apartments For Rent Near 38016

We found 30 more apartments matching your filters just outside 38016

Average Rent Trends in 38016

Rent in 38016 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent for a apartment increased in Aug 2026 compared to the previous month. Rent for apartments peaked in May 2025.
MonthAverage rent
Sep 2025$1,485
Oct 2025$1,045
Nov 2025$1,423
Dec 2025$1,037
Jan 2026$1,352
Feb 2026$1,295
Mar 2026$1,258
Apr 2026$889
May 2026$889
Jun 2026$1,439
Jul 2026$1,387
Aug 2026$1,418
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Average Rent By Bedroom and Home Type

In August 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,135$1,376$1,825$2,282$1,897
Townhomes—$1,460$1,900—$1,450
Apartments and Condos$975$1,375$1,555$2,295$1,500
Houses$900$1,395$1,847$2,271$1,959

Frequently Asked Questions about Apartments and Condos for rent in 38016

  • What is the average rent of an apartment in 38016?
    The average rent of an apartment in 38016 is $1,418 per month. This is about 28% lower than the national average.
  • When is the average rent for an apartment cheapest in 38016?
    In the last year, the average rent in 38016 was lowest in Dec 2025 when it was $1,037 per month.
  • When is the average rent for an apartment most expensive in 38016?
    In the last year, the average rent in 38016 was highest in May 2025 when it was $1,576 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in 38016?
    The average rent of a 1 bedroom apartment in 38016 is $1,057 per month. That is about $200 more than the cost of a studio apartment.
  • How many apartments or condos are available to rent in 38016?
    There are 26 available apartments or condos to rent in 38016.
  • What are some cities near 38016?
    Some nearby cities include: Cordova, Bartlett, Eads, Lakeland, Germantown, Arlington. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos en 38016 - 397 Apartamentos | Trulia