Luxury Apartments for Rent in 38040

2 rentals

Apartments For Rent Near 38040

We found 30 more apartments matching your filters just outside 38040

Average Rent Trends in 38040

Rent in 38040 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Jun 2026 compared to the previous month. Rent previously peaked in Oct 2025.
MonthAverage rent
Oct 2025$1,100
Feb 2026$1,100
May 2026$750
Jun 2026$950
View as a graph

Average Rent By Bedroom and Home Type

In June 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types—$950——$800
Apartments and Condos—$800——$800
Houses—$950——$950

Frequently Asked Questions about Rentals in 38040

  • What is the average rent of an apartment in 38040?
    The average rent of an apartment in 38040 is $800 per month. This is about 59% lower than the national average.
  • What is the average rent of a house in 38040?
    The average rent of a house in 38040 is $950 per month. This is about 51% lower than the national average.
  • When is the average rent cheapest in 38040?
    In the last year, the average rent in 38040 was lowest in Oct 2025 when it was $1,100 per month.
  • When is the average rent most expensive in 38040?
    In the last year, the average rent in 38040 was highest in Oct 2025 when it was $1,100 per month.
  • How many available rental listings are in 38040?
    There are 1 available rental listings in 38040.
  • What are some cities near 38040?
    Some nearby cities include: Halls, Gates, Finley, Ripley, Dyersburg, Lenox. These cities may have more rental options to explore.