Luxury Apartments for Rent in 38127
282 rentals
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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 increased in May 2026 compared to the previous month. Rent previously peaked in Jul 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,095 |
| Jul 2025 | $1,135 |
| Aug 2025 | $1,095 |
| Sep 2025 | $1,090 |
| Oct 2025 | $1,075 |
| Nov 2025 | $1,050 |
| Dec 2025 | $1,095 |
| Jan 2026 | $1,095 |
| Feb 2026 | $1,095 |
| Mar 2026 | $1,095 |
| Apr 2026 | $1,095 |
| May 2026 | $1,125 |
Average Rent By Bedroom and Home Type
In May 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 | $766 | $865 | $1,100 | $1,350 | $1,095 |
| Townhomes | $975 | $815 | — | — | $815 |
| Apartments and Condos | — | $800 | $850 | — | $850 |
| Houses | $699 | $895 | $1,100 | $1,350 | $1,100 |
Frequently Asked Questions about Rentals in 38127
- What is the average rent of an apartment in 38127?The average rent of an apartment in 38127 is $887 per month. This is about 54% lower than the national average.
- What is the average rent of a house in 38127?The average rent of a house in 38127 is $1,100 per month. This is about 43% lower than the national average.
- What is the average rent of a townhome in 38127?The average rent of a townhome in 38127 is $850 per month. This is about 56% 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 Mar 2025 when it was $1,035 per month.
- When is the average rent most expensive in 38127?In the last year, the average rent in 38127 was highest in Jul 2025 when it was $1,135 per month.
- How many available rental listings are in 38127?There are 296 available rental listings 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.