Cheap Apartments for Rent in 38118
116 rentals
Use arrow keys to navigateROOM FOR RENT
Use arrow keys to navigateFURNISHEDROOM FOR RENT- Use arrow keys to navigate
- Use arrow keys to navigateROOM FOR RENT
Use arrow keys to navigateROOM FOR RENT
Use arrow keys to navigatePET FRIENDLY$650 - $999/mo
1-3 Beds
1-3 BathsEmerald Ridge Apartments | 4280 Mount Hood St #3634-05,
Memphis, TN 38118
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY
APPLY INSTANTLYSPECIAL OFFERPET FRIENDLY
SPECIAL OFFERPET FRIENDLY
PET FRIENDLY
PET FRIENDLY$805 - $1,180/mo2-3 Beds2 BathsGetwell Pointe Apartments | 2973-3007 Getwell Rd #2979-03,
Memphis, TN 38118
APPLY INSTANTLYPET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
SPECIAL OFFERPET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
Save Search in 38118
38118Get emails when new homes match this search
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 increased in Jun 2026 compared to the previous month. Rent previously peaked in May 2025.
| Month | Average rent |
|---|---|
| Jul 2025 | $1,245 |
| Aug 2025 | $1,250 |
| Sep 2025 | $1,245 |
| Oct 2025 | $1,250 |
| Nov 2025 | $1,245 |
| Dec 2025 | $1,200 |
| Jan 2026 | $1,225 |
| Feb 2026 | $1,225 |
| Mar 2026 | $1,223 |
| Apr 2026 | $1,225 |
| May 2026 | $1,200 |
| Jun 2026 | $1,225 |
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 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| 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 Rentals 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 cheapest in 38118?In the last year, the average rent in 38118 was lowest in Jan 2025 when it was $1,185 per month.
- When is the average rent most expensive in 38118?In the last year, the average rent in 38118 was highest in May 2025 when it was $1,307 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 $652 per month. That is about $502 more than the cost of a studio apartment.
- How many available rental listings are in 38118?There are 121 available rental listings 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 baratos en renta en 38118 - 389 Rentas | Trulia