Townhomes For Rent in 38115

9 rentals

Apartments For Rent Near 38115

We found 14 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 stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Jan 2025.
MonthAverage rent
Jun 2025$1,100
Jul 2025$1,300
Aug 2025$1,100
Sep 2025$1,195
Oct 2025$1,120
Nov 2025$1,050
Dec 2025$1,100
Jan 2026$1,100
Feb 2026$1,195
Mar 2026$1,100
Apr 2026$1,100
May 2026$1,100
View as a graph

Average Rent By Bedroom and Home Type

In May 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$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 Townhomes for rent in 38115

  • What is the average rent of a townhome in 38115?
    The average rent of a townhome in 38115 is $1,100 per month. This is about 43% 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 Nov 2025 when it was $1,050 per month.
  • When is the average rent most expensive in 38115?
    In the last year, the average rent in 38115 was highest in Jan 2025 when it was $1,350 per month.
  • How many townhomes are available to rent in 38115?
    There are 9 available townhomes 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.