Cheap Apartments for Rent in 38112
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Average Rent Trends in 38112
Rent in 38112 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Oct 2026 compared to the previous month. Rent previously peaked in Dec 2025.
| Month | Average rent |
|---|---|
| Nov 2025 | $1,200 |
| Dec 2025 | $1,250 |
| Jan 2026 | $1,250 |
| Feb 2026 | $1,115 |
| Mar 2026 | $1,115 |
| Apr 2026 | $1,200 |
| May 2026 | $1,195 |
| Jun 2026 | $1,150 |
| Jul 2026 | $1,007 |
| Aug 2026 | $995 |
| Sep 2026 | $1,195 |
| Oct 2026 | $1,025 |
Average Rent By Bedroom and Home Type
In October 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $795 | $885 | $1,350 | $1,550 | $1,007 |
| Townhomes | — | $925 | $1,500 | — | $1,500 |
| Apartments and Condos | $900 | $895 | $1,200 | $1,465 | $950 |
| Houses | $740 | $795 | $1,300 | $1,550 | $1,350 |
Frequently Asked Questions about Rentals in 38112
- What is the average rent of an apartment in 38112?The average rent of an apartment in 38112 is $878 per month. This is about 55% lower than the national average.
- What are the cheapest months to find an apartment to rent in 38112?Last year, the cheapest month to find an apartment to rent was Mar 2025 when it was $1,050 per month.
- How many cheap apartments are available in 38112?There are 64 apartments to rent that are cheaper than the city’s average rent of $1,007.
- When is the average rent most expensive in 38112?In the last year, the average rent in 38112 was highest in Dec 2025 when it was $1,250 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 38112?The average rent of a 1 bedroom apartment in 38112 is $795 per month. That is about $104 less than the cost of a studio apartment.
- What are some cities near 38112?Some nearby cities include: Memphis, Bartlett, West Memphis, Germantown, Cordova, Southaven. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en 38112 - 166 Rentas | Trulia