Apartments in 38128

30 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 increased in May 2026 compared to the previous month. Rent previously peaked in Mar 2025.
MonthAverage rent
Jun 2025$1,104
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
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$750$895$1,275$1,550$1,295
Townhomes——$1,195—$1,195
Apartments and Condos$775$875$1,100$1,150$899
Houses$650$1,095$1,295$1,550$1,360

Frequently Asked Questions about Apartments and Condos for rent in 38128

  • What is the average rent of an apartment or condo in 38128?
    The average rent of an apartment or condo in 38128 is $919. Rent prices range from $150 to as much as $12,499, depending on the type of apartment or condo.
  • How does the rent of an apartment or condo in 38128 compare to the national average?
    Average rent of an apartment or condo in 38128 is about 52% lower than the national average rent of $1,910 for an apartment or condo. That means it is less expensive to rent an apartment or condo in 38128 compared to the U.S. average.
  • What is the average rent of an apartment or condo in 38128, by number of bedrooms?
    The average rent of an apartment or condo in 38128 is $150 for a studio, $763 for a 1 bedroom, $875 for a 2 bedroom, $1,064 for a 3 bedroom, and $1,150 for a 4 bedroom.
  • How have rent prices of an apartment or condo in 38128 changed compared to last year?
    In the past year, the average rent price of an apartment or condo in 38128 has increased by $86. That means the average rent of an apartment or condo is 9% higher than last year.
  • How many apartments or condos are available to rent in 38128?
    There are 32 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.