Apartments For Rent By Private Owner in 38016

22 rentals

Apartments For Rent Near 38016

We found 21 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 increased in Oct 2026 compared to the previous month. Rent previously peaked in Apr 2025.
MonthAverage rent
Nov 2025$1,795
Dec 2025$1,818
Jan 2026$1,855
Feb 2026$1,848
Mar 2026$1,907
Apr 2026$1,929
May 2026$1,990
Jun 2026$1,946
Jul 2026$1,926
Aug 2026$1,897
Sep 2026$1,885
Oct 2026$1,925
View as a graph

Average Rent By Bedroom and Home Type

In October 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$1,235$1,367$1,832$2,290$1,970
Townhomes—$1,350$1,500—$1,380
Apartments and Condos—$1,400$1,700$2,635$1,665
Houses—$1,400$1,850$2,270$2,058

Frequently Asked Questions about Rentals in 38016

  • What is the average rent of an apartment in 38016?
    The average rent of an apartment in 38016 is $1,466 per month. This is about 25% 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 Nov 2025 when it was $1,795 per month.
  • When is the average rent most expensive in 38016?
    In the last year, the average rent in 38016 was highest in Apr 2025 when it was $2,040 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 $1,235 per month. That is about $760 more than the cost of a studio apartment.
  • How many available rental listings are in 38016?
    There are 161 available rental listings 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.
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