Apartments For Rent By Private Owner in 38116

3 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 stayed about the same in Oct 2026 compared to the previous month. Rent previously peaked in Apr 2025.
MonthAverage rent
Nov 2025$1,195
Dec 2025$1,206
Jan 2026$1,190
Feb 2026$1,190
Mar 2026$1,145
Apr 2026$1,150
May 2026$1,275
Jun 2026$1,220
Jul 2026$1,295
Aug 2026$1,204
Sep 2026$1,221
Oct 2026$1,215
View as a graph

Average Rent By Bedroom and Home Type

In October 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types$687$850$1,300$1,700$1,235
Apartments and Condos$685$795$1,120—$760
Houses——$1,345$1,700$1,378

Frequently Asked Questions about Rentals in 38116

  • What is the average rent of an apartment in 38116?
    The average rent of an apartment in 38116 is $800 per month. This is about 59% 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 Aug 2025 when it was $1,145 per month.
  • When is the average rent most expensive in 38116?
    In the last year, the average rent in 38116 was highest in Apr 2025 when it was $1,295 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 $687 per month. That is about $140 more than the cost of a studio apartment.
  • How many available rental listings are in 38116?
    There are 72 available rental listings 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.
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