Cheap Apartments for Rent in 38122
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NEW - 2 DAYS AGOAPPLY INSTANTLYPET FRIENDLY
PET FRIENDLY
SPECIAL OFFERPET FRIENDLY
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NEW - 2 DAYS AGOPET FRIENDLY
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SPECIAL OFFERPET FRIENDLY
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APPLY INSTANTLYPET FRIENDLY
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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 Oct 2026 compared to the previous month. Rent previously peaked in May 2025.
| Month | Average rent |
|---|---|
| Nov 2025 | $1,095 |
| Dec 2025 | $1,110 |
| Jan 2026 | $1,150 |
| Feb 2026 | $1,150 |
| Mar 2026 | $1,195 |
| Apr 2026 | $1,095 |
| May 2026 | $1,095 |
| Jun 2026 | $1,150 |
| Jul 2026 | $1,150 |
| Aug 2026 | $1,125 |
| Sep 2026 | $1,110 |
| Oct 2026 | $1,150 |
Average Rent By Bedroom and Home Type
In October 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $800 | $950 | $1,273 | $1,550 | $1,163 |
| Townhomes | $1,895 | $850 | — | — | $850 |
| Apartments and Condos | $800 | $850 | $1,500 | $1,550 | $850 |
| Houses | $725 | $1,000 | $1,292 | $1,550 | $1,250 |
Frequently Asked Questions about Rentals in 38122
- What is the average rent of an apartment in 38122?The average rent of an apartment in 38122 is $832 per month. This is about 57% lower than the national average.
- What are the cheapest months to find an apartment to rent in 38122?Last year, the cheapest month to find an apartment to rent was Oct 2025 when it was $1,038 per month.
- How many cheap apartments are available in 38122?There are 64 apartments to rent that are cheaper than the city’s average rent of $1,163.
- When is the average rent most expensive in 38122?In the last year, the average rent in 38122 was highest in May 2025 when it was $1,250 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 38122?The average rent of a 1 bedroom apartment in 38122 is $800 per month. That is about $150 more than the cost of a studio apartment.
- 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.
View this page in Spanish: Apartamentos baratos en renta en 38122 - 194 Rentas | Trulia