Townhomes For Rent in 38116

1 rentals

  • 5238 Johns River Rd, Memphis, TN 38116
    Use arrow keys to navigate
    NEW - 1 DAY AGO
    APPLY INSTANTLY
    $1,545/mo
    Total price
    3 Beds
    2.5 Baths
    1,776 sqft
    5238 Johns River Rd,
    Memphis, TN 38116

  • Save Search in 38116

    38116
    Townhome
    Get emails when new homes match this search

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 stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Aug 2025.
MonthAverage rent
Apr 2025$1,350
Aug 2025$1,428
Apr 2026$1,350
May 2026$1,350
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$750$850$1,350$1,500$1,295
Townhomes———$1,350$1,350
Apartments and Condos$750$770$1,090$892$800
Houses—$1,210$1,400$1,550$1,435

Frequently Asked Questions about Townhomes for rent in 38116

  • What is the average rent of a townhome in 38116?
    The average rent of a townhome in 38116 is $1,350 per month. This is about 30% lower than the national average.
  • When is the average rent cheapest in 38116?
    In the last year, the average rent in 38116 was lowest in Apr 2025 when it was $1,350 per month.
  • When is the average rent most expensive in 38116?
    In the last year, the average rent in 38116 was highest in Aug 2025 when it was $1,428 per month.
  • How many townhomes are available to rent in 38116?
    There are 1 available townhomes 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.