Cheap Apartments for Rent in 38053

40 rentals

Apartments For Rent Near 38053

We found 30 more apartments matching your filters just outside 38053

Average Rent Trends in 38053

Rent in 38053 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in May 2026 compared to the previous month. Rent previously peaked in Feb 2025.
MonthAverage rent
Jun 2025$1,561
Jul 2025$1,495
Aug 2025$1,572
Sep 2025$1,485
Oct 2025$1,490
Nov 2025$1,435
Dec 2025$1,485
Jan 2026$1,500
Feb 2026$1,533
Mar 2026$1,529
Apr 2026$1,400
May 2026$1,519
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$1,199$1,529$1,510$2,000$1,510
Townhomes—$1,245—$1,475$1,353
Apartments and Condos—$1,200$975$2,230$975
Houses—$1,050$1,507$2,000$1,595

Frequently Asked Questions about Rentals in 38053

  • What is the average rent of an apartment in 38053?
    The average rent of an apartment in 38053 is $1,239 per month. This is about 36% lower than the national average.
  • What is the average rent of a house in 38053?
    The average rent of a house in 38053 is $1,595 per month. This is about 17% lower than the national average.
  • What is the average rent of a townhome in 38053?
    The average rent of a townhome in 38053 is $1,353 per month. This is about 30% lower than the national average.
  • When is the average rent cheapest in 38053?
    In the last year, the average rent in 38053 was lowest in Nov 2025 when it was $1,435 per month.
  • When is the average rent most expensive in 38053?
    In the last year, the average rent in 38053 was highest in Feb 2025 when it was $1,670 per month.
  • How many available rental listings are in 38053?
    There are 42 available rental listings in 38053.
  • What are some cities near 38053?
    Some nearby cities include: Millington, Drummonds, Bartlett, Munford, Atoka, Lakeland. These cities may have more rental options to explore.