Cheap Apartments for Rent in 38133

35 rentals

Apartments For Rent Near 38133

We found 30 more apartments matching your filters just outside 38133

Average Rent Trends in 38133

Rent in 38133 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in Mar 2025.
MonthAverage rent
Jun 2025$1,740
Jul 2025$1,735
Aug 2025$1,650
Sep 2025$1,735
Oct 2025$1,695
Nov 2025$1,615
Dec 2025$1,695
Jan 2026$1,650
Feb 2026$1,650
Mar 2026$1,725
Apr 2026$1,746
May 2026$1,725
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Townhomes were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,203$1,400$1,725$2,272$1,750
Townhomes—$1,250——$1,250
Houses$1,850$1,195$1,725$2,272$1,758

Frequently Asked Questions about Rentals in 38133

  • What is the average rent of an apartment in 38133?
    The average rent of an apartment in 38133 is $1,453 per month. This is about 25% lower than the national average.
  • What is the average rent of a house in 38133?
    The average rent of a house in 38133 is $1,758 per month. This is about 9% lower than the national average.
  • What is the average rent of a townhome in 38133?
    The average rent of a townhome in 38133 is $1,250 per month. This is about 35% lower than the national average.
  • When is the average rent cheapest in 38133?
    In the last year, the average rent in 38133 was lowest in Nov 2025 when it was $1,615 per month.
  • When is the average rent most expensive in 38133?
    In the last year, the average rent in 38133 was highest in Mar 2025 when it was $1,800 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in 38133?
    The average rent of a 1 bedroom apartment in 38133 is $1,203 per month. That is about $566 less than the cost of a studio apartment.
  • How many available rental listings are in 38133?
    There are 37 available rental listings in 38133.
  • What are some cities near 38133?
    Some nearby cities include: Bartlett, Cordova, Lakeland, Arlington, Eads, Germantown. These cities may have more rental options to explore.