Houses For Rent in 38118
97 rentals
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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 decreased in May 2026 compared to the previous month. Rent previously peaked in Jun 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,355 |
| Jul 2025 | $1,250 |
| Aug 2025 | $1,290 |
| 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 |
Average Rent By Bedroom and Home Type
In May 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 | $995 | $1,250 | $1,450 | $1,200 |
| Townhomes | — | $950 | $1,125 | — | $950 |
| Apartments and Condos | — | $795 | $925 | — | $750 |
| Houses | — | $900 | $1,250 | $1,450 | $1,275 |
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 $1,275 per month. This is about 34% 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 $1,250 per month.
- When is the average rent 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 many houses are available to rent in 38118?There are 96 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.