Townhomes For Rent in 38127

10 rentals

Apartments For Rent Near 38127

We found 30 more apartments matching your filters just outside 38127

Average Rent Trends in 38127

Rent in 38127 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in Jan 2025.
MonthAverage rent
Jun 2025$850
Jul 2025$800
Aug 2025$975
Sep 2025$995
Oct 2025$1,000
Nov 2025$1,075
Dec 2025$1,075
Jan 2026$1,010
Feb 2026$995
Mar 2026$1,000
Apr 2026$950
May 2026$815
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$999$850$1,100$1,400$1,124
Townhomes$975$815——$815
Apartments and Condos—$800$850$1,500$800
Houses$999$895$1,100$1,400$1,135

Frequently Asked Questions about Townhomes for rent in 38127

  • What is the average rent of a townhome in 38127?
    The average rent of a townhome in 38127 is $815 per month. This is about 58% lower than the national average.
  • When is the average rent cheapest in 38127?
    In the last year, the average rent in 38127 was lowest in Jul 2025 when it was $800 per month.
  • When is the average rent most expensive in 38127?
    In the last year, the average rent in 38127 was highest in Jan 2025 when it was $1,267 per month.
  • How many townhomes are available to rent in 38127?
    There are 2 available townhomes to rent in 38127.
  • What are some cities near 38127?
    Some nearby cities include: Memphis, Millington, West Memphis, Sunset, Marion, Bartlett. These cities may have more rental options to explore.