Townhomes For Rent in 38016

2 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 decreased in May 2026 compared to the previous month. Rent previously peaked in Jan 2025.
MonthAverage rent
Apr 2025$1,500
May 2025$1,450
Jul 2025$1,500
Aug 2025$1,500
Sep 2025$1,495
Oct 2025$1,550
Nov 2025$1,495
Dec 2025$1,395
Feb 2026$1,595
Mar 2026$1,650
Apr 2026$1,550
May 2026$1,350
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,222$1,345$1,850$2,307$1,983
Townhomes—$1,575$1,345—$1,575
Apartments and Condos——$1,495—$450
Houses$950$1,300$1,865$2,307$2,065

Frequently Asked Questions about Townhomes for rent in 38016

  • What is the average rent of a townhome in 38016?
    The average rent of a townhome in 38016 is $1,575 per month. This is about 18% lower than the national average.
  • When is the average rent cheapest in 38016?
    In the last year, the average rent in 38016 was lowest in Feb 2025 when it was $1,250 per month.
  • When is the average rent most expensive in 38016?
    In the last year, the average rent in 38016 was highest in Jan 2025 when it was $1,700 per month.
  • How many townhomes are available to rent in 38016?
    There are 3 available townhomes 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.