Luxury Apartments for Rent in 38106
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1-2 Beds
1-2 BathsThe Marine Residence | 360 Metal Museum Dr #d1da0f37a,
Memphis, TN 38106
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Average Rent Trends in 38106
Rent in 38106 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in May 2026 compared to the previous month. Rent previously peaked in May 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,045 |
| Jul 2025 | $978 |
| Aug 2025 | $925 |
| Sep 2025 | $900 |
| Oct 2025 | $995 |
| Nov 2025 | $975 |
| Dec 2025 | $1,000 |
| Jan 2026 | $1,025 |
| Feb 2026 | $1,025 |
| Mar 2026 | $1,000 |
| Apr 2026 | $1,000 |
| May 2026 | $1,000 |
Average Rent By Bedroom and Home Type
In May 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $675 | $849 | $1,100 | $1,345 | $1,000 |
| Townhomes | $650 | $595 | — | $1,050 | $695 |
| Apartments and Condos | $700 | $850 | $825 | $740 | $825 |
| Houses | $500 | $849 | $1,100 | $1,350 | $1,095 |
Frequently Asked Questions about Rentals in 38106
- What is the average rent of an apartment in 38106?The average rent of an apartment in 38106 is $733 per month. This is about 62% lower than the national average.
- What is the average rent of a house in 38106?The average rent of a house in 38106 is $1,095 per month. This is about 43% lower than the national average.
- What is the average rent of a townhome in 38106?The average rent of a townhome in 38106 is $695 per month. This is about 64% lower than the national average.
- When is the average rent cheapest in 38106?In the last year, the average rent in 38106 was lowest in Sep 2025 when it was $900 per month.
- When is the average rent most expensive in 38106?In the last year, the average rent in 38106 was highest in May 2025 when it was $1,100 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 38106?The average rent of a 1 bedroom apartment in 38106 is $675 per month. That is about $2,815 less than the cost of a studio apartment.
- How many available rental listings are in 38106?There are 160 available rental listings in 38106.
- What are some cities near 38106?