New Townhomes For Rent in 38115

12 rentals

Apartments For Rent Near 38115

We found 21 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 townhome decreased in Sep 2026 compared to the previous month. Rent for townhomes peaked in Jan 2025.
MonthAverage rent
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
Jun 2026$1,100
Jul 2026$1,100
Aug 2026$1,350
Sep 2026$1,250
View as a graph

Average Rent By Bedroom and Home Type

In September 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$854$997$1,357$1,695$1,226
Townhomes—$1,000$1,299$1,500$1,000
Apartments and Condos$650$995$1,226—$995
Houses—$1,150$1,493$1,745$1,518

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 $1,000 per month. This is about 49% lower than the national average.
  • When is the average rent for a townhome 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 for a townhome 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 does the rent of a 3 bedroom townhome compare to a 2 bedroom townhome in 38115?
    The average rent of a 3 bedroom townhome in 38115 is $1,299 per month. That is about $299 more than the cost of a 2 bedroom townhome.
  • How many townhomes are available to rent in 38115?
    There are 12 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.