Apartments in 38115

39 rentals

Apartments For Rent Near 38115

We found 22 more apartments matching your filters just outside 38115

Average Rent Trends in 38115

Rent in 38115 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent for a apartment decreased in Nov 2026 compared to the previous month. Rent for apartments peaked in May 2025.
MonthAverage rent
Dec 2025$1,106
Jan 2026$1,100
Feb 2026$1,145
Mar 2026$1,176
Apr 2026$1,040
May 2026$1,006
Jun 2026$1,094
Jul 2026$1,071
Aug 2026$990
Sep 2026$1,123
Oct 2026$1,123
Nov 2026$940
View as a graph

Average Rent By Bedroom and Home Type

In November 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$866$999$1,372$1,715$1,200
Townhomes—$1,175$1,300$1,500$1,200
Apartments and Condos$650$978$1,150—$985
Houses—$1,210$1,478$1,715$1,525

Frequently Asked Questions about Apartments and Condos for rent in 38115

  • What is the average rent of an apartment in 38115?
    The average rent of an apartment in 38115 is $939 per month.
  • When is the average rent for an apartment cheapest in 38115?
    In 2025, the average rent for an apartment in 38115 was lowest in February when it was $965 per month.
  • When is the average rent for an apartment most expensive in 38115?
    In 2025, the average rent for an apartment in 38115 was highest in May when it was $1,351 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in 38115?
    The average rent of a 1 bedroom apartment in 38115 is $758 per month. That is about $135 more than the cost of a studio apartment.
  • How many apartments or condos are available to rent in 38115?
    There are 43 available apartments or condos to rent in 38115.
  • What are some cities near 38115?
    Some nearby cities include: Germantown, Memphis, Olive Branch, Cordova, Southaven, Collierville. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos en 38115 - 573 Apartamentos | Trulia