Apartments in 38122

39 rentals

Apartments For Rent Near 38122

We found 30 more apartments matching your filters just outside 38122

Average Rent Trends in 38122

Rent in 38122 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Nov 2025.
MonthAverage rent
Jun 2025$879
Jul 2025$786
Aug 2025$858
Sep 2025$816
Oct 2025$841
Nov 2025$917
Dec 2025$871
Jan 2026$843
Feb 2026$845
Mar 2026$820
Apr 2026$820
May 2026$818
View as a graph

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 bed2 beds3 beds4 bedsAll
All home types$775$925$1,250$1,550$1,095
Townhomes—$925——$925
Apartments and Condos$700$850$1,100$1,750$850
Houses$700$1,025$1,250$1,550$1,200

Frequently Asked Questions about Apartments and Condos for rent in 38122

  • What is the average rent of an apartment in 38122?
    The average rent of an apartment in 38122 is $846 per month. This is about 56% lower than the national average.
  • When is the average rent cheapest in 38122?
    In the last year, the average rent in 38122 was lowest in Jul 2025 when it was $786 per month.
  • When is the average rent most expensive in 38122?
    In the last year, the average rent in 38122 was highest in Nov 2025 when it was $917 per month.
  • How many apartments or condos are available to rent in 38122?
    There are 48 available apartments or condos to rent in 38122.
  • What are some cities near 38122?
    Some nearby cities include: Memphis, Bartlett, Cordova, Germantown, Lakeland, Millington. These cities may have more rental options to explore.