Luxury Apartments for Rent in 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 Jul 2026 compared to the previous month. Rent previously peaked in Apr 2025.
| Month | Average rent |
|---|---|
| Aug 2025 | $1,295 |
| Sep 2025 | $1,285 |
| 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 |
Average Rent By Bedroom and Home Type
In July 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $775 | $882 | $1,300 | $1,495 | $1,295 |
| Townhomes | — | — | $1,400 | — | $1,400 |
| Apartments and Condos | $775 | $800 | $1,250 | — | $800 |
| Houses | $150 | $1,000 | $1,345 | $1,440 | $1,350 |
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 $843 per month. This is about 57% 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 Nov 2025 when it was $1,200 per month.
- 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.
- How many available rental listings are in 38128?There are 148 available rental listings 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.
View this page in Spanish: Apartamentos de lujo en renta en 38128 - 353 Rentas | Trulia