Townhomes For Rent in 38111

15 rentals

Apartments For Rent Near 38111

We found 30 more apartments matching your filters just outside 38111

Average Rent Trends in 38111

Rent in 38111 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 Apr 2025.
MonthAverage rent
Jun 2025$995
Jul 2025$995
Aug 2025$995
Sep 2025$795
Oct 2025$1,100
Nov 2025$950
Dec 2025$975
Jan 2026$795
Feb 2026$795
Mar 2026$1,050
Apr 2026$775
May 2026$1,184
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$825$995$1,395$1,600$1,150
Townhomes—$924$1,299—$1,175
Apartments and Condos$795$950$1,450—$924
Houses$895$1,095$1,395$1,570$1,335

Frequently Asked Questions about Townhomes for rent in 38111

  • What is the average rent of a townhome in 38111?
    The average rent of a townhome in 38111 is $1,175 per month. This is about 39% lower than the national average.
  • When is the average rent cheapest in 38111?
    In the last year, the average rent in 38111 was lowest in Feb 2025 when it was $750 per month.
  • When is the average rent most expensive in 38111?
    In the last year, the average rent in 38111 was highest in Apr 2025 when it was $1,200 per month.
  • How many townhomes are available to rent in 38111?
    There are 6 available townhomes to rent in 38111.
  • What are some cities near 38111?
    Some nearby cities include: Memphis, Germantown, Cordova, Southaven, Bartlett, Horn Lake. These cities may have more rental options to explore.