Luxury Apartments for Rent in 38135
60 rentals
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NEW - 2 DAYS AGOPET FRIENDLY0.3 ACRES
SPECIAL OFFERPET FRIENDLY$1,388 - $2,045/mo
1-3 Beds
1-2 BathsHighlands Apartment Homes | 6344 Quail Meadow Cv #28-3102,
Memphis, TN 38135
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SPECIAL OFFERPET FRIENDLY$1,335 - $1,710/mo1-3 Beds1-2 BathsQuail Ridge Apartment Homes | 4200 Trenton Dr #37-1203,
Memphis, TN 38135
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Average Rent Trends in 38135
Rent in 38135 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 Apr 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,872 |
| Jul 2025 | $1,895 |
| Aug 2025 | $1,850 |
| Sep 2025 | $1,870 |
| Oct 2025 | $1,765 |
| Nov 2025 | $1,785 |
| Dec 2025 | $1,700 |
| Jan 2026 | $1,700 |
| Feb 2026 | $1,710 |
| Mar 2026 | $1,746 |
| Apr 2026 | $1,895 |
| May 2026 | $1,847 |
Average Rent By Bedroom and Home Type
In May 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,321 | $1,458 | $1,725 | $2,250 | $1,753 |
| Townhomes | — | — | $1,395 | — | $1,395 |
| Apartments and Condos | $1,100 | — | $1,750 | $3,000 | $1,750 |
| Houses | — | $1,095 | $1,718 | $2,250 | $1,768 |
Frequently Asked Questions about Rentals in 38135
- What is the average rent of an apartment in 38135?The average rent of an apartment in 38135 is $1,677 per month. This is about 13% lower than the national average.
- What is the average rent of a house in 38135?The average rent of a house in 38135 is $1,768 per month. This is about 8% lower than the national average.
- What is the average rent of a townhome in 38135?The average rent of a townhome in 38135 is $1,395 per month. This is about 28% lower than the national average.
- When is the average rent cheapest in 38135?In the last year, the average rent in 38135 was lowest in Dec 2025 when it was $1,700 per month.
- When is the average rent most expensive in 38135?In the last year, the average rent in 38135 was highest in Apr 2025 when it was $1,966 per month.
- How many available rental listings are in 38135?There are 54 available rental listings in 38135.
- What are some cities near 38135?Some nearby cities include: Bartlett, Lakeland, Cordova, Millington, Arlington, Germantown. These cities may have more rental options to explore.