Luxury Apartments for Rent in 38018
180 rentals
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NEW - 2 DAYS AGOPET FRIENDLY
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PET FRIENDLY0.25 ACRES
PET FRIENDLY0.37 ACRES
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PET FRIENDLY0.31 ACRES
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PET FRIENDLY0.28 ACRES
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PET FRIENDLY0.3 ACRES
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Average Rent Trends in 38018
Rent in 38018 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 Jun 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,924 |
| Jul 2025 | $1,894 |
| Aug 2025 | $1,825 |
| Sep 2025 | $1,800 |
| Oct 2025 | $1,808 |
| Nov 2025 | $1,795 |
| Dec 2025 | $1,795 |
| Jan 2026 | $1,816 |
| Feb 2026 | $1,940 |
| Mar 2026 | $1,954 |
| Apr 2026 | $1,994 |
| May 2026 | $1,915 |
Average Rent By Bedroom and Home Type
In May 2026, Townhomes were the most affordable home type to rent compared with Houses and Apartments and Condos.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,132 | $1,432 | $1,812 | $2,150 | $1,895 |
| Townhomes | — | $1,150 | — | $1,695 | $1,150 |
| Apartments and Condos | — | $1,250 | $2,070 | $2,560 | $2,560 |
| Houses | — | $1,450 | $1,818 | $2,123 | $1,900 |
Frequently Asked Questions about Rentals in 38018
- What is the average rent of an apartment in 38018?The average rent of an apartment in 38018 is $1,728 per month. This is about 10% lower than the national average.
- What is the average rent of a house in 38018?The average rent of a house in 38018 is $1,900 per month. This is about 2% lower than the national average.
- What is the average rent of a townhome in 38018?The average rent of a townhome in 38018 is $1,150 per month. This is about 40% lower than the national average.
- When is the average rent cheapest in 38018?In the last year, the average rent in 38018 was lowest in Nov 2025 when it was $1,795 per month.
- When is the average rent most expensive in 38018?In the last year, the average rent in 38018 was highest in Jun 2025 when it was $1,924 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 38018?The average rent of a 1 bedroom apartment in 38018 is $1,132 per month. That is about $268 less than the cost of a studio apartment.
- How many available rental listings are in 38018?There are 168 available rental listings in 38018.
- What are some cities near 38018?Some nearby cities include: Cordova, Germantown, Eads, Collierville, Bartlett, Lakeland. These cities may have more rental options to explore.