Rooms For Rent in 38111

3 rentals

Apartments For Rent Near 38111

We found 28 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 decreased in Jun 2026 compared to the previous month. Rent previously peaked in Jul 2025.
MonthAverage 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
View as a graph

Average Rent By Bedroom and Home Type

In June 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$800$995$1,350$1,595$1,150
Townhomes—$995$1,225—$1,100
Apartments and Condos$732$950$1,250—$915
Houses$795$1,050$1,350$1,583$1,295

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 $900 per month. This is about 54% lower than the national average.
  • What is the average rent of a house in 38111?
    The average rent of a house in 38111 is $1,295 per month. This is about 34% lower than the national average.
  • What is the average rent of a townhome in 38111?
    The average rent of a townhome in 38111 is $1,100 per month. This is about 44% 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 266 available rental listings 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.