Cheap Apartments for Rent in 38117
89 rentals
Use arrow keys to navigateNEW - 1 DAY AGOPET FRIENDLY$875 - $1,149/mo
1-2 Beds
1-2 BathsMendenhall Gardens | 543 N Mendenhall Rd #557-02,
Memphis, TN 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 decreased in May 2026 compared to the previous month. Rent previously peaked in Jul 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,620 |
| Jul 2025 | $1,645 |
| Aug 2025 | $1,550 |
| Sep 2025 | $1,593 |
| Oct 2025 | $1,595 |
| Nov 2025 | $1,600 |
| Dec 2025 | $1,595 |
| Jan 2026 | $1,575 |
| Feb 2026 | $1,520 |
| Mar 2026 | $1,600 |
| Apr 2026 | $1,650 |
| May 2026 | $1,595 |
Average Rent By Bedroom and Home Type
In May 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 | $939 | $1,295 | $1,500 | $1,800 | $1,595 |
| Townhomes | — | — | $1,995 | — | $1,995 |
| Apartments and Condos | — | $1,245 | $1,498 | — | $1,498 |
| Houses | — | $1,395 | $1,595 | $1,800 | $1,600 |
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 $1,239 per month. This is about 36% lower than the national average.
- What is the average rent of a house in 38117?The average rent of a house in 38117 is $1,600 per month. This is about 17% lower than the national average.
- What is the average rent of a townhome in 38117?The average rent of a townhome in 38117 is $1,995 per month. This is about 3% higher than the national average.
- When is the average rent cheapest in 38117?In the last year, the average rent in 38117 was lowest in Feb 2025 when it was $1,446 per month.
- 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.
- How many available rental listings are in 38117?There are 89 available rental listings in 38117.
- 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.