New Townhomes For Rent in 38116

2 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 townhome decreased in Jul 2026 compared to the previous month. Rent for townhomes peaked in Jun 2026.
MonthAverage rent
Apr 2025$1,350
Aug 2025$1,428
Apr 2026$1,350
May 2026$1,350
Jun 2026$1,523
Jul 2026$1,500
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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$685$895$1,300$1,700$1,195
Apartments and Condos$685$795$1,100—$750
Houses——$1,375$1,700$1,395

Frequently Asked Questions about Townhomes for rent in 38116

  • When is the average rent for a townhome 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 for a townhome 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.
  • 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: New Townhomes For Rent around 38116 - 121 Townhouses | Trulia