Townhomes For Rent in 38138

4 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 decreased in May 2026 compared to the previous month. Rent previously peaked in Jun 2025.
MonthAverage rent
May 2025$1,697
Jun 2025$2,150
Jul 2025$1,545
Sep 2025$1,825
Oct 2025$1,813
Nov 2025$1,675
Dec 2025$1,625
Jan 2026$1,600
Feb 2026$1,500
Mar 2026$1,556
Apr 2026$1,995
May 2026$1,544
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 Townhomes for rent in 38138

  • What is the average rent of a townhome in 38138?
    The average rent of a townhome in 38138 is $1,522 per month. This is about 21% 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 Apr 2025 when it was $1,206 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 $2,150 per month.
  • How many townhomes are available to rent in 38138?
    There are 4 available townhomes 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.