Houses For Rent in 38118
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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 house increased in Aug 2026 compared to the previous month. Rent for houses peaked in Jun 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $1,290 |
| Oct 2025 | $1,285 |
| Nov 2025 | $1,250 |
| Dec 2025 | $1,250 |
| Jan 2026 | $1,250 |
| Feb 2026 | $1,250 |
| Mar 2026 | $1,250 |
| Apr 2026 | $1,295 |
| May 2026 | $1,260 |
| Jun 2026 | $1,295 |
| Jul 2026 | $1,275 |
| Aug 2026 | $1,345 |
Average Rent By Bedroom and Home Type
In August 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $671 | $972 | $1,275 | $1,450 | $1,258 |
| Townhomes | — | $995 | $1,050 | — | $1,050 |
| Apartments and Condos | $600 | $975 | $1,200 | — | $975 |
| Houses | — | $975 | $1,295 | $1,450 | $1,325 |
Frequently Asked Questions about Houses for rent in 38118
- What is the average rent of a house in 38118?The average rent of a house in 38118 is $1,325 per month. This is about 32% lower than the national average.
- When is the average rent for a house cheapest in 38118?In the last year, the average rent in 38118 was lowest in Jan 2025 when it was $1,250 per month.
- When is the average rent for a house most expensive in 38118?In the last year, the average rent in 38118 was highest in Jun 2025 when it was $1,355 per month.
- How does the rent of a 3 bedroom house compare to a 2 bedroom house in 38118?The average rent of a 3 bedroom house in 38118 is $1,295 per month. That is about $320 more than the cost of a 2 bedroom house.
- How many houses are available to rent in 38118?There are 86 available houses 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: Casas en renta en 38118 - 78 Rentas Casas | Trulia