New Townhomes For Rent in 38118
7 rentals
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Apartments For Rent Near 38118
We found 30 more apartments matching your filters just outside 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 townhome decreased in Sep 2026 compared to the previous month. Rent for townhomes peaked in Dec 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $950 |
| Nov 2025 | $975 |
| Dec 2025 | $1,000 |
| Jan 2026 | $1,000 |
| Feb 2026 | $875 |
| Mar 2026 | $895 |
| Apr 2026 | $895 |
| May 2026 | $950 |
| Jun 2026 | $995 |
| Jul 2026 | $995 |
| Aug 2026 | $1,050 |
| Sep 2026 | $995 |
Average Rent By Bedroom and Home Type
In October 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 | $675 | $950 | $1,245 | $1,450 | $1,195 |
| Townhomes | — | $995 | $995 | — | $995 |
| Apartments and Condos | $600 | $975 | $1,150 | — | $800 |
| Houses | — | $1,050 | $1,250 | $1,450 | $1,275 |
Frequently Asked Questions about Townhomes for rent in 38118
- What is the average rent of a townhome in 38118?The average rent of a townhome in 38118 is $995 per month. This is about 49% lower than the national average.
- When is the average rent for a townhome cheapest in 38118?In the last year, the average rent in 38118 was lowest in Aug 2025 when it was $695 per month.
- When is the average rent for a townhome most expensive in 38118?In the last year, the average rent in 38118 was highest in Dec 2025 when it was $1,000 per month.
- How does the rent of a 3 bedroom townhome compare to a 2 bedroom townhome in 38118?The average rent of a 3 bedroom townhome in 38118 is $995 per month. That is about $0 more than the cost of a 2 bedroom townhome.
- How many townhomes are available to rent in 38118?There are 3 available townhomes 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: New Townhomes For Rent around 38118 - 51 Townhouses | Trulia