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 Oct 2026 compared to the previous month. Rent previously peaked in May 2025.
| Month | Average rent |
|---|---|
| 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 |
| Sep 2026 | $1,200 |
| Oct 2026 | $1,199 |
Average Rent By Bedroom and Home Type
In October 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 | $850 | $1,000 | $1,395 | $1,725 | $1,200 |
| Apartments and Condos | $875 | $860 | $1,350 | $1,750 | $900 |
| Houses | $795 | $1,199 | $1,395 | $1,595 | $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 $798 per month. This is about 59% lower than the national average.
- What are the cheapest months to find an apartment to rent in 38107?Last year, the cheapest month to find an apartment to rent was Nov 2025 when it was $1,095 per month.
- How many cheap apartments are available in 38107?There are 77 apartments to rent that are cheaper than the city’s average rent of $1,200.
- 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 $850 per month. That is about $445 less than the cost of a studio apartment.
- 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 - 243 Rentas | Trulia