Apartments in 38116

30 rentals

Apartments For Rent Near 38116

We found 30 more apartments matching your filters just outside 38116

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 increased in Jun 2026 compared to the previous month. Rent for apartments peaked in Feb 2025.
MonthAverage rent
Jul 2025$708
Aug 2025$708
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$703
Jun 2026$789
View as a graph

Average Rent By Bedroom and Home Type

In July 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
1 bed2 beds3 beds4 bedsAll
All home types$750$856$1,350$1,695$1,295
Townhomes——$1,500—$1,500
Apartments and Condos$783$995$1,350—$850
Houses—$895$1,380$1,700$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 $903 per month. This is about 54% 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 $731 per month. That is about $184 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?
    Some nearby cities include: Memphis, Southaven, Horn Lake, Walls, Nesbit, West Memphis. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos en 38116 - 303 Apartamentos | Trulia