Cheap Apartments for Rent in 38114
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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 Oct 2026 compared to the previous month. Rent previously peaked in Mar 2025.
| Month | Average rent |
|---|---|
| Nov 2025 | $1,050 |
| Dec 2025 | $1,050 |
| Jan 2026 | $1,035 |
| Feb 2026 | $1,040 |
| Mar 2026 | $1,095 |
| Apr 2026 | $1,027 |
| May 2026 | $1,100 |
| Jun 2026 | $1,090 |
| Jul 2026 | $1,100 |
| Aug 2026 | $1,195 |
| Sep 2026 | $1,145 |
| Oct 2026 | $1,095 |
Average Rent By Bedroom and Home Type
In October 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 | $750 | $850 | $1,265 | $1,550 | $1,095 |
| Townhomes | $800 | $700 | $1,200 | $1,400 | $1,200 |
| Apartments and Condos | $750 | $785 | $895 | $2,000 | $785 |
| Houses | $750 | $895 | $1,300 | $1,550 | $1,250 |
Frequently Asked Questions about Rentals in 38114
- What is the average rent of an apartment in 38114?The average rent of an apartment in 38114 is $782 per month. This is about 60% lower than the national average.
- What are the cheapest months to find an apartment to rent in 38114?Last year, the cheapest month to find an apartment to rent was Oct 2025 when it was $995 per month.
- How many cheap apartments are available in 38114?There are 83 apartments to rent that are cheaper than the city’s average rent of $1,095.
- When is the average rent most expensive in 38114?In the last year, the average rent in 38114 was highest in Mar 2025 when it was $1,090 per month.
- 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.
View this page in Spanish: Apartamentos baratos en renta en 38114 - 183 Rentas | Trulia