Luxury Apartments for Rent in 38122
133 rentals
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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 stayed about the same in May 2026 compared to the previous month. Rent previously peaked in May 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,225 |
| Jul 2025 | $1,195 |
| Aug 2025 | $1,155 |
| Sep 2025 | $1,060 |
| Oct 2025 | $1,038 |
| 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 |
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 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| 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 Rentals in 38122
- What is the average rent of an apartment in 38122?The average rent of an apartment in 38122 is $1,028 per month. This is about 47% lower than the national average.
- What is the average rent of a house in 38122?The average rent of a house in 38122 is $1,250 per month. This is about 35% lower than the national average.
- 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 Oct 2025 when it was $1,038 per month.
- 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 many available rental listings are in 38122?There are 137 available rental listings 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.