Townhomes For Rent in 38114

22 rentals

Apartments For Rent Near 38114

We found 24 more apartments matching your filters just outside 38114

Average Rent Trends in 38114

Rent in 38114 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in Jan 2025.
MonthAverage rent
Jun 2025$850
Jul 2025$850
Aug 2025$795
Sep 2025$775
Oct 2025$850
Nov 2025$800
Dec 2025$795
Jan 2026$795
Feb 2026$750
Mar 2026$750
Apr 2026$750
May 2026$650
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$700$895$1,275$1,550$1,025
Townhomes$650$750$1,299$1,400$650
Apartments and Condos$750$825$1,200$1,500$750
Houses$750$900$1,275$1,550$1,300

Frequently Asked Questions about Townhomes for rent in 38114

  • What is the average rent of a townhome in 38114?
    The average rent of a townhome in 38114 is $750 per month. This is about 61% lower than the national average.
  • When is the average rent cheapest in 38114?
    In the last year, the average rent in 38114 was lowest in Sep 2025 when it was $775 per month.
  • When is the average rent most expensive in 38114?
    In the last year, the average rent in 38114 was highest in Jan 2025 when it was $995 per month.
  • How many townhomes are available to rent in 38114?
    There are 20 available townhomes to rent in 38114.
  • What are some cities near 38114?
    Some nearby cities include: Memphis, Southaven, Horn Lake, West Memphis, Germantown, Cordova. These cities may have more rental options to explore.