Cheap Apartments for Rent in 38128
187 rentals
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Use arrow keys to navigatePET FRIENDLYTotal price$725 - $1,308/mo
1-3 Beds
1-2 BathsThe Summit Apartments | 4981 Hidden Lake Dr,
Memphis, TN 38128
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SPECIAL OFFERPET FRIENDLYTotal price$762 - $1,262/mo1-3 Beds1-2 BathsThe Meridian Apartments | 4787 Garden Grove Cv,
Memphis, TN 38128
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PET FRIENDLYTotal price$812 - $912/mo2 Beds2 BathsCedarwood Apartments | 2880 Beverly Hills Rd,
Memphis, TN 38128
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NEW - 2 DAYS AGOPET FRIENDLY$850 - $900/mo2 Beds2 BathsSpacious 2 Bedroom Apartments in Raleigh Raleigh Pines | 2783-2799 Beverly Hill St,
Memphis, TN 38128
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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 stayed about the same in Sep 2026 compared to the previous month. Rent previously peaked in Apr 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $1,295 |
| Nov 2025 | $1,200 |
| Dec 2025 | $1,259 |
| Jan 2026 | $1,245 |
| Feb 2026 | $1,250 |
| Mar 2026 | $1,250 |
| Apr 2026 | $1,279 |
| May 2026 | $1,295 |
| Jun 2026 | $1,295 |
| Jul 2026 | $1,300 |
| Aug 2026 | $1,295 |
| Sep 2026 | $1,300 |
Average Rent By Bedroom and Home Type
In September 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 | $775 | $875 | $1,325 | $1,450 | $1,325 |
| Townhomes | — | — | $1,095 | $1,450 | $1,250 |
| Apartments and Condos | $650 | $875 | $1,095 | $1,895 | $895 |
| Houses | $150 | $995 | $1,348 | $1,400 | $1,370 |
Frequently Asked Questions about Rentals in 38128
- What is the average rent of an apartment in 38128?The average rent of an apartment in 38128 is $881 per month. This is about 55% lower than the national average.
- What are the cheapest months to find an apartment to rent in 38128?Last year, the cheapest month to find an apartment to rent was Nov 2025 when it was $1,200 per month.
- How many cheap apartments are available in 38128?There are 96 apartments to rent that are cheaper than the city’s average rent of $1,325.
- When is the average rent most expensive in 38128?In the last year, the average rent in 38128 was highest in Apr 2025 when it was $1,395 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 $775 per month. That is about $625 more than the cost of a studio apartment.
- What are some cities near 38128?Some nearby cities include: Bartlett, Memphis, Millington, Cordova, Lakeland, Germantown. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en 38128 - 372 Rentas | Trulia