Apartments in 38138

13 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 for a apartment decreased in Sep 2026 compared to the previous month. Rent for apartments peaked in Jun 2025.
MonthAverage rent
Oct 2025$1,740
Nov 2025$1,726
Dec 2025$1,701
Jan 2026$1,775
Feb 2026$1,863
Mar 2026$1,901
Apr 2026$1,902
May 2026$1,912
Jun 2026$1,489
Jul 2026$1,719
Aug 2026$1,699
Sep 2026$1,669
View as a graph

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 bed2 beds3 beds4 bedsAll
All home types$1,378$1,816$2,431$2,900$2,749
Townhomes—$1,350——$1,350
Apartments and Condos$1,100—$1,700—$1,150
Houses—$1,700$2,549$2,900$2,900

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 $1,553 per month. This is about 20% lower than the national average.
  • When is the average rent for an apartment 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 for an apartment 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 12 available apartments or condos to rent in 38138.
  • What are some cities near 38138?
    Some nearby cities include: Germantown, Cordova, Collierville, Eads, Memphis, Olive Branch. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos en 38138 - 227 Apartamentos | Trulia