Cheap Apartments for Rent in 38111
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2-3 Beds
1-3 BathsBrentwood Parc | 640 Aspire Ln #250bd3d3b,
Memphis, TN 38111
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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 stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Jul 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,240 |
| 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 |
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 | $800 | $983 | $1,350 | $1,595 | $1,170 |
| Townhomes | — | $995 | $1,299 | — | $1,182 |
| Apartments and Condos | $795 | $950 | $1,450 | — | $945 |
| Houses | $795 | $1,150 | $1,355 | $1,595 | $1,335 |
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 $935 per month. This is about 52% lower than the national average.
- What is the average rent of a house in 38111?The average rent of a house in 38111 is $1,335 per month. This is about 31% lower than the national average.
- What is the average rent of a townhome in 38111?The average rent of a townhome in 38111 is $1,182 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 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 $800 per month. That is about $0 more than the cost of a studio apartment.
- How many available rental listings are in 38111?There are 219 available rental listings in 38111.
- What are some cities near 38111?