Houses For Rent in 38115
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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 increased in May 2026 compared to the previous month. Rent previously peaked in Jun 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,505 |
| Jul 2025 | $1,500 |
| Aug 2025 | $1,450 |
| Sep 2025 | $1,435 |
| Oct 2025 | $1,405 |
| Nov 2025 | $1,435 |
| Dec 2025 | $1,415 |
| Jan 2026 | $1,400 |
| Feb 2026 | $1,395 |
| Mar 2026 | $1,425 |
| Apr 2026 | $1,400 |
| May 2026 | $1,435 |
Average Rent By Bedroom and Home Type
In June 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 | $882 | $1,000 | $1,417 | $1,650 | $1,200 |
| Townhomes | — | $1,050 | $1,350 | — | $1,100 |
| Apartments and Condos | $650 | $895 | $1,113 | — | $1,050 |
| Houses | — | $1,022 | $1,495 | $1,650 | $1,460 |
Frequently Asked Questions about Houses for rent in 38115
- What is the average rent of a house in 38115?The average rent of a house in 38115 is $1,460 per month. This is about 24% lower than the national average.
- When is the average rent cheapest in 38115?In the last year, the average rent in 38115 was lowest in Oct 2025 when it was $1,405 per month.
- When is the average rent most expensive in 38115?In the last year, the average rent in 38115 was highest in Jun 2025 when it was $1,505 per month.
- How many houses are available to rent in 38115?There are 61 available houses 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.