Townhomes For Rent in 38122

5 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 increased in May 2026 compared to the previous month. Rent previously peaked in Jan 2025.
MonthAverage rent
Jun 2025$750
Jul 2025$750
Aug 2025$825
Sep 2025$625
Oct 2025$625
Nov 2025$850
Dec 2025$825
Jan 2026$825
Feb 2026$825
Mar 2026$850
Apr 2026$795
May 2026$925
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$717$925$1,285$1,550$1,095
Townhomes—$925——$925
Apartments and Condos$690$797$1,100$1,750$850
Houses$700$1,035$1,285$1,550$1,250

Frequently Asked Questions about Townhomes for rent in 38122

  • What is the average rent of a townhome in 38122?
    The average rent of a townhome in 38122 is $925 per month. This is about 52% 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 Sep 2025 when it was $625 per month.
  • When is the average rent most expensive in 38122?
    In the last year, the average rent in 38122 was highest in Jan 2025 when it was $850 per month.
  • How many townhomes are available to rent in 38122?
    There are 1 available townhomes 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.