Cheap Apartments for Rent in 38115
104 rentals
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Studio-3 Beds
1-3 BathsThe Residences at Lakeview | S Mendenhall Rd,
Memphis, TN 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 stayed about the same in Jul 2026 compared to the previous month. Rent previously peaked in Mar 2025.
| Month | Average rent |
|---|---|
| Aug 2025 | $1,341 |
| Sep 2025 | $1,314 |
| Oct 2025 | $1,250 |
| Nov 2025 | $1,295 |
| Dec 2025 | $1,285 |
| Jan 2026 | $1,275 |
| Feb 2026 | $1,285 |
| Mar 2026 | $1,251 |
| Apr 2026 | $1,245 |
| May 2026 | $1,235 |
| Jun 2026 | $1,195 |
| Jul 2026 | $1,195 |
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 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| 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 Rentals 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 cheapest in 38115?In the last year, the average rent in 38115 was lowest in Oct 2025 when it was $1,250 per month.
- When is the average rent most expensive in 38115?In the last year, the average rent in 38115 was highest in Mar 2025 when it was $1,385 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 $855 per month. That is about $251 more than the cost of a studio apartment.
- How many available rental listings are in 38115?There are 107 available rental listings 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 baratos en renta en 38115 - 1,016 Rentas | Trulia