Cheap Apartments for Rent in 38111
243 rentals
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PET FRIENDLYTotal price$750 - $950/mo
2-3 Beds
1-3 BathsBrentwood Parc | 640 Aspire Ln #250bd3d3b,
Memphis, TN 38111
NEW - 16 HRS AGOPET FRIENDLY
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NEW - 16 HRS AGOPET FRIENDLY
ROOM FOR RENT
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FURNISHED
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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 decreased in Jun 2026 compared to the previous month. Rent previously peaked in Jul 2025.
| Month | Average rent |
|---|---|
| Jul 2025 | $1,300 |
| Aug 2025 | $1,275 |
| Sep 2025 | $1,278 |
| Oct 2025 | $1,270 |
| Nov 2025 | $1,200 |
| Dec 2025 | $1,200 |
| Jan 2026 | $1,150 |
| Feb 2026 | $1,195 |
| Mar 2026 | $1,200 |
| Apr 2026 | $1,195 |
| May 2026 | $1,184 |
| Jun 2026 | $1,150 |
Average Rent By Bedroom and Home Type
In July 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 | $799 | $995 | $1,342 | $1,595 | $1,100 |
| Townhomes | — | $926 | $1,800 | — | $975 |
| Apartments and Condos | $750 | $950 | $1,250 | $1,650 | $945 |
| Houses | $750 | $1,050 | $1,335 | $1,595 | $1,250 |
Frequently Asked Questions about Rentals in 38111
- What is the average rent of an apartment in 38111?The average rent of an apartment in 38111 is $942 per month. This is about 52% 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 Jan 2025 when it was $1,200 per month.
- When is the average rent most expensive in 38111?In the last year, the average rent in 38111 was highest in Jul 2025 when it was $1,300 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 38111?The average rent of a 1 bedroom apartment in 38111 is $799 per month. That is about $101 less than the cost of a studio apartment.
- How many available rental listings are in 38111?There are 255 available rental listings in 38111.
- What are some cities near 38111?
View this page in Spanish: Apartamentos baratos en renta en 38111 - 334 Rentas | Trulia