Cheap Apartments for Rent in 38117
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Average Rent Trends in 38117
Rent in 38117 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in Sep 2026 compared to the previous month. Rent previously peaked in Jul 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $1,595 |
| Nov 2025 | $1,600 |
| Dec 2025 | $1,595 |
| Jan 2026 | $1,575 |
| Feb 2026 | $1,515 |
| Mar 2026 | $1,600 |
| Apr 2026 | $1,650 |
| May 2026 | $1,595 |
| Jun 2026 | $1,595 |
| Jul 2026 | $1,550 |
| Aug 2026 | $1,595 |
| Sep 2026 | $1,600 |
Average Rent By Bedroom and Home Type
In October 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $806 | $1,295 | $1,548 | $2,000 | $1,595 |
| Townhomes | — | — | $1,795 | — | $1,795 |
| Apartments and Condos | — | $1,150 | — | $2,621 | $1,295 |
| Houses | — | $1,145 | $1,550 | $1,995 | $1,595 |
Frequently Asked Questions about Rentals in 38117
- What is the average rent of an apartment in 38117?The average rent of an apartment in 38117 is $1,262 per month. This is about 35% lower than the national average.
- What are the cheapest months to find an apartment to rent in 38117?Last year, the cheapest month to find an apartment to rent was Feb 2025 when it was $1,446 per month.
- How many cheap apartments are available in 38117?There are 47 apartments to rent that are cheaper than the city’s average rent of $1,595.
- When is the average rent most expensive in 38117?In the last year, the average rent in 38117 was highest in Jul 2025 when it was $1,645 per month.
- What are some cities near 38117?Some nearby cities include: Memphis, Germantown, Cordova, Bartlett, Southaven, Olive Branch. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en 38117 - 90 Rentas | Trulia