Apartments in 38115

38 rentals

Apartments For Rent Near 38115

We found 30 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 increased in Jun 2026 compared to the previous month. Rent for apartments peaked in May 2025.
MonthAverage rent
Jul 2025$998
Aug 2025$1,051
Sep 2025$1,085
Oct 2025$1,071
Nov 2025$1,093
Dec 2025$1,106
Jan 2026$1,100
Feb 2026$1,145
Mar 2026$1,176
Apr 2026$1,040
May 2026$1,008
Jun 2026$1,095
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Average Rent By Bedroom and Home Type

In July 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$855$976$1,390$1,650$1,290
Townhomes—$895$1,350—$1,100
Apartments and Condos$650$900$1,100—$950
Houses—$995$1,454$1,725$1,512

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 $1,079 per month. This is about 45% lower than the national average.
  • When is the average rent for an apartment cheapest in 38115?
    In the last year, the average rent in 38115 was lowest in Feb 2025 when it was $965 per month.
  • When is the average rent for an apartment most expensive in 38115?
    In the last year, the average rent in 38115 was highest in May 2025 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 $752 per month. That is about $148 more than the cost of a studio apartment.
  • How many apartments or condos are available to rent in 38115?
    There are 41 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 - 979 Apartamentos | Trulia