Cheap Apartments for Rent in 38107
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Average Rent Trends in 38107
Rent in 38107 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in Aug 2026 compared to the previous month. Rent previously peaked in May 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $1,195 |
| Oct 2025 | $1,195 |
| Nov 2025 | $1,095 |
| Dec 2025 | $1,150 |
| Jan 2026 | $1,149 |
| Feb 2026 | $1,125 |
| Mar 2026 | $1,110 |
| Apr 2026 | $1,250 |
| May 2026 | $1,200 |
| Jun 2026 | $1,250 |
| Jul 2026 | $1,250 |
| Aug 2026 | $1,250 |
Average Rent By Bedroom and Home Type
In August 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $750 | $950 | $1,350 | $1,595 | $1,200 |
| Apartments and Condos | $825 | $860 | $1,300 | $1,740 | $875 |
| Houses | $695 | $1,295 | $1,395 | $1,550 | $1,400 |
Frequently Asked Questions about Rentals in 38107
- What is the average rent of an apartment in 38107?The average rent of an apartment in 38107 is $788 per month. This is about 60% lower than the national average.
- When is the average rent cheapest in 38107?In the last year, the average rent in 38107 was lowest in Nov 2025 when it was $1,095 per month.
- When is the average rent most expensive in 38107?In the last year, the average rent in 38107 was highest in May 2025 when it was $1,347 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 38107?The average rent of a 1 bedroom apartment in 38107 is $750 per month. That is about $2,250 less than the cost of a studio apartment.
- How many available rental listings are in 38107?There are 172 available rental listings in 38107.
- What are some cities near 38107?Some nearby cities include: Memphis, West Memphis, Marion, Sunset, Bartlett, Millington. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en 38107 - 275 Rentas | Trulia