Luxury Apartments for Rent in 38108
97 rentals
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PET FRIENDLY
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Average Rent Trends in 38108
Rent in 38108 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 Sep 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $933 |
| Jul 2025 | $975 |
| Aug 2025 | $995 |
| Sep 2025 | $1,095 |
| Oct 2025 | $1,034 |
| Nov 2025 | $995 |
| Dec 2025 | $995 |
| Jan 2026 | $995 |
| Feb 2026 | $950 |
| Mar 2026 | $950 |
| Apr 2026 | $950 |
| May 2026 | $995 |
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 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $645 | $845 | $1,195 | $1,475 | $995 |
| Townhomes | $600 | $775 | — | — | $775 |
| Apartments and Condos | $775 | $730 | — | — | $730 |
| Houses | $750 | $925 | $1,150 | $1,475 | $1,100 |
Frequently Asked Questions about Rentals in 38108
- What is the average rent of an apartment in 38108?The average rent of an apartment in 38108 is $740 per month. This is about 62% lower than the national average.
- What is the average rent of a house in 38108?The average rent of a house in 38108 is $1,100 per month. This is about 43% lower than the national average.
- What is the average rent of a townhome in 38108?The average rent of a townhome in 38108 is $775 per month. This is about 60% lower than the national average.
- When is the average rent cheapest in 38108?In the last year, the average rent in 38108 was lowest in Apr 2025 when it was $900 per month.
- When is the average rent most expensive in 38108?In the last year, the average rent in 38108 was highest in Sep 2025 when it was $1,095 per month.
- How many available rental listings are in 38108?There are 105 available rental listings in 38108.
- What are some cities near 38108?Some nearby cities include: Memphis, Bartlett, West Memphis, Cordova, Germantown, Millington. These cities may have more rental options to explore.