Apartments in 38138

9 rentals

Apartments For Rent Near 38138

We found 30 more apartments matching your filters just outside 38138

Average Rent Trends in 38138

Rent in 38138 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Jun 2025.
MonthAverage rent
Jun 2025$1,962
Jul 2025$1,671
Aug 2025$1,807
Sep 2025$1,818
Oct 2025$1,740
Nov 2025$1,726
Dec 2025$1,701
Jan 2026$1,775
Feb 2026$1,867
Mar 2026$1,900
Apr 2026$1,902
May 2026$1,913
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 Apartments and Condos and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,472$1,750$2,489$3,229$2,850
Townhomes—$1,350$1,522—$1,522
Apartments and Condos—$1,750$1,750—$1,750
Houses—$1,250$2,694$3,227$3,155

Frequently Asked Questions about Apartments and Condos for rent in 38138

  • What is the average rent of an apartment in 38138?
    The average rent of an apartment in 38138 is $1,889 per month. This is about 2% lower than the national average.
  • When is the average rent cheapest in 38138?
    In the last year, the average rent in 38138 was lowest in Feb 2025 when it was $1,527 per month.
  • When is the average rent most expensive in 38138?
    In the last year, the average rent in 38138 was highest in Jun 2025 when it was $1,962 per month.
  • How many apartments or condos are available to rent in 38138?
    There are 11 available apartments or condos to rent in 38138.
  • What are some cities near 38138?
    Some nearby cities include: Germantown, Cordova, Collierville, Eads, Olive Branch, Bartlett. These cities may have more rental options to explore.