Apartments in 38118

20 rentals

Apartments For Rent Near 38118

We found 30 more apartments matching your filters just outside 38118

Average Rent Trends in 38118

Rent in 38118 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent for a apartment increased in Jun 2026 compared to the previous month. Rent for apartments peaked in Oct 2025.
MonthAverage rent
Jul 2025$905
Aug 2025$860
Sep 2025$950
Oct 2025$1,107
Nov 2025$864
Dec 2025$936
Jan 2026$942
Feb 2026$942
Mar 2026$958
Apr 2026$699
May 2026$860
Jun 2026$876
View as a graph

Average Rent By Bedroom and Home Type

In July 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$652$951$1,250$1,450$1,207
Townhomes—$995$1,050—$995
Apartments and Condos$600$895$1,200—$850
Houses—$950$1,250$1,450$1,275

Frequently Asked Questions about Apartments and Condos for rent in 38118

  • What is the average rent of an apartment in 38118?
    The average rent of an apartment in 38118 is $892 per month. This is about 54% lower than the national average.
  • When is the average rent for an apartment cheapest in 38118?
    In the last year, the average rent in 38118 was lowest in Jun 2025 when it was $838 per month.
  • When is the average rent for an apartment most expensive in 38118?
    In the last year, the average rent in 38118 was highest in Oct 2025 when it was $1,107 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in 38118?
    The average rent of a 1 bedroom apartment in 38118 is $648 per month. That is about $498 more than the cost of a studio apartment.
  • How many apartments or condos are available to rent in 38118?
    There are 28 available apartments or condos to rent in 38118.
  • What are some cities near 38118?
    Some nearby cities include: Memphis, Southaven, Germantown, Horn Lake, Olive Branch, Nesbit. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos en 38118 - 475 Apartamentos | Trulia