Apartments in 38116
30 rentals
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PET FRIENDLY$775 - $895/mo
2 Beds
1 BathGraceland Flats Modern Living in the Heart of Whitehaven | 3990 Barton Dr,
Memphis, TN 38116
PET FRIENDLY$1,170 - $1,280/mo2-3 Beds2 BathsWilson Crossing Townhomes: Your Spacious, Two-Story Home in Whitehaven, Memphis! | 4907 Autumn Leaf Dr,
Memphis, TN 38116
SPECIAL OFFERPET FRIENDLY$680 - $799/mo1-2 Beds1 BathGraceland Pointe Apartments: Modern Style, Excellent Value in Memphis | 1984 Bonnie Dr,
Memphis, TN 38116
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SPECIAL OFFERPET FRIENDLY$720 - $899/mo1-2 Beds1 BathWelcome to Holmes Pointe Apartments! | 1594-1636 E Holmes Rd,
Memphis, TN 38116
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Apartments For Rent Near 38116
We found 30 more apartments matching your filters just outside 38116
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Average Rent Trends in 38116
Rent in 38116 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent for a apartment decreased in Aug 2026 compared to the previous month. Rent for apartments peaked in Feb 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $830 |
| Oct 2025 | $801 |
| Nov 2025 | $731 |
| Dec 2025 | $712 |
| Jan 2026 | $723 |
| Feb 2026 | $691 |
| Mar 2026 | $699 |
| Apr 2026 | $704 |
| May 2026 | $706 |
| Jun 2026 | $790 |
| Jul 2026 | $916 |
| Aug 2026 | $808 |
Average Rent By Bedroom and Home Type
In August 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $750 | $850 | $1,345 | $1,649 | $1,250 |
| Apartments and Condos | $750 | $850 | $950 | — | $809 |
| Houses | — | $1,090 | $1,395 | $1,730 | $1,400 |
Frequently Asked Questions about Apartments and Condos for rent in 38116
- What is the average rent of an apartment in 38116?The average rent of an apartment in 38116 is $797 per month. This is about 59% lower than the national average.
- When is the average rent for an apartment cheapest in 38116?In the last year, the average rent in 38116 was lowest in Jul 2025 when it was $708 per month.
- When is the average rent for an apartment most expensive in 38116?In the last year, the average rent in 38116 was highest in Feb 2025 when it was $913 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 38116?The average rent of a 1 bedroom apartment in 38116 is $690 per month. That is about $143 more than the cost of a studio apartment.
- How many apartments or condos are available to rent in 38116?There are 33 available apartments or condos to rent in 38116.
- What are some cities near 38116?
View this page in Spanish: Apartamentos en 38116 - 501 Apartamentos | Trulia