Apartments in 38128

28 rentals

Apartments For Rent Near 38128

We found 30 more apartments matching your filters just outside 38128

Average Rent Trends in 38128

Rent in 38128 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent for a apartment decreased in Jun 2026 compared to the previous month. Rent for apartments peaked in Mar 2025.
MonthAverage rent
Jul 2025$980
Aug 2025$965
Sep 2025$862
Oct 2025$931
Nov 2025$886
Dec 2025$975
Jan 2026$985
Feb 2026$1,024
Mar 2026$878
Apr 2026$886
May 2026$919
Jun 2026$884
View as a graph

Average Rent By Bedroom and Home Type

In June 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
1 bed2 beds3 beds4 bedsAll
All home types$750$875$1,308$1,550$1,300
Townhomes——$1,400—$1,400
Apartments and Condos$775$783$1,095—$800
Houses$150$1,000$1,332$1,550$1,360

Frequently Asked Questions about Apartments and Condos for rent in 38128

  • What is the average rent of an apartment in 38128?
    The average rent of an apartment in 38128 is $1,013 per month. This is about 48% lower than the national average.
  • When is the average rent cheapest in 38128?
    In the last year, the average rent in 38128 was lowest in Sep 2025 when it was $862 per month.
  • When is the average rent most expensive in 38128?
    In the last year, the average rent in 38128 was highest in Mar 2025 when it was $1,367 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in 38128?
    The average rent of a 1 bedroom apartment in 38128 is $763 per month. That is about $613 more than the cost of a studio apartment.
  • How many apartments or condos are available to rent in 38128?
    There are 30 available apartments or condos to rent in 38128.
  • What are some cities near 38128?
    Some nearby cities include: Bartlett, Millington, Memphis, Cordova, Lakeland, Germantown. These cities may have more rental options to explore.