Luxury Apartments for Rent in 38119
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Average Rent Trends in 38119
Rent in 38119 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in May 2026 compared to the previous month. Rent previously peaked in May 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,890 |
| Jul 2025 | $1,891 |
| Aug 2025 | $1,895 |
| Sep 2025 | $1,830 |
| Oct 2025 | $1,764 |
| Nov 2025 | $1,795 |
| Dec 2025 | $1,800 |
| Jan 2026 | $1,800 |
| Feb 2026 | $1,786 |
| Mar 2026 | $1,833 |
| Apr 2026 | $1,900 |
| May 2026 | $2,295 |
Average Rent By Bedroom and Home Type
In June 2026, Townhomes were the most affordable home type to rent compared with Houses and Apartments and Condos.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,850 | $1,464 | $1,625 | $2,235 | $2,201 |
| Townhomes | — | $1,500 | $1,550 | — | $1,550 |
| Apartments and Condos | $1,950 | $1,350 | — | — | $3,800 |
| Houses | — | — | $1,850 | $2,235 | $2,200 |
Frequently Asked Questions about Rentals in 38119
- What is the average rent of an apartment in 38119?The average rent of an apartment in 38119 is $2,621 per month. This is about 36% higher than the national average.
- What is the average rent of a house in 38119?The average rent of a house in 38119 is $2,200 per month. This is about 14% higher than the national average.
- What is the average rent of a townhome in 38119?The average rent of a townhome in 38119 is $1,550 per month. This is about 20% lower than the national average.
- When is the average rent cheapest in 38119?In the last year, the average rent in 38119 was lowest in Oct 2025 when it was $1,764 per month.
- When is the average rent most expensive in 38119?In the last year, the average rent in 38119 was highest in May 2025 when it was $1,935 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 38119?The average rent of a 1 bedroom apartment in 38119 is $1,850 per month. That is about $1,950 less than the cost of a studio apartment.
- How many available rental listings are in 38119?There are 62 available rental listings in 38119.
- What are some cities near 38119?Some nearby cities include: Germantown, Cordova, Memphis, Olive Branch, Collierville, Bartlett. These cities may have more rental options to explore.