Cheap Apartments for Rent in 38138
34 rentals
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- PET FRIENDLYTotal price$1,197 - $2,152/mo1-3 Beds1-2 BathsThe Vineyards | 7109 Vineyard Way,
Germantown, TN 38138 - PET FRIENDLY
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- PET FRIENDLY$1,299 - $1,599/mo1-2 Beds1-2 BathsThe Bridges at Germantown Apartments | 7491 Wyndhurst Pl,
Germantown, TN 38138 - NEW - 2 DAYS AGO
- $1,857 - $2,316/mo2-3 Beds2-3 BathsThe Garden District Apartments | 6755 Poplar Ave,
Germantown, TN 38138 - $1,935 - $3,250/mo1-2 Beds1-2 BathsLakeview at Germantown | 7900 Wolf River Blvd,
Germantown, TN 38138 - Total price$2,184 - $2,830/mo1-2 Beds2 BathsThe Residences at Thornwood | 7794 Kings College Ave,
Germantown, TN 38138 Save Search in 38138
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Apartments For Rent Near 38138
We found 30 more apartments matching your filters just outside 38138
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- $790 - $1,040/mo1-2 Beds1-2 BathsStoneridge at Germantown Falls | 6895 Club Ridge Cir,
Memphis, TN 38115 - $895 - $1,025/moStudio-1 Bed1 BathTranquility at Hickory Hill Senior Apartments | 2990 Hickory Hill Rd,
Memphis, TN 38115 - $895 - $1,114/mo1-2 Beds1-2 BathsCrossings at Fox Meadows | 2894 Putting Green Cv,
Memphis, TN 38115 - $961 - $1,213/mo1-2 Beds1-2 BathsThe View at Shelby Farms | 8056 Country Squire Ln,
Cordova, TN 38018 - $991 - $1,460/mo1-3 Beds1-2 BathsThe Willows at Shelby Farms | 555 Wood Arbor Pkwy,
Cordova, TN 38018
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 Nov 2026 compared to the previous month. Rent previously peaked in Feb 2025.
| Month | Average rent |
|---|---|
| Dec 2025 | $2,300 |
| Jan 2026 | $2,450 |
| Feb 2026 | $2,574 |
| Mar 2026 | $2,695 |
| Apr 2026 | $2,663 |
| May 2026 | $2,795 |
| Jun 2026 | $2,750 |
| Jul 2026 | $2,800 |
| Aug 2026 | $2,750 |
| Sep 2026 | $2,750 |
| Oct 2026 | $2,568 |
| Nov 2026 | $2,543 |
Average Rent By Bedroom and Home Type
In November 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 | $1,411 | $1,599 | $2,151 | $3,000 | $2,699 |
| Townhomes | — | $1,250 | — | — | $1,250 |
| Apartments and Condos | $1,165 | $1,390 | $2,294 | — | $1,750 |
| Houses | — | — | $2,600 | $3,000 | $3,250 |
Frequently Asked Questions about Cheap Apartments for rent in 38138
- How many cheap apartments are for rent in 38138?Trulia currently lists 110 cheap apartments for rent in 38138.
- How much do cheap apartments in 38138 rent for?Rents for cheap apartments in 38138 range from $1,165 to $5,500 a month. Each listing shows its exact rent and any fees.
- How does Trulia decide which rentals are cheap?This page shows rentals in the lowest price tier for apartments in 38138, sorted from the lowest rent up.
- How can I find the cheapest apartments to rent in 38138?This page sorts apartments in 38138 from lowest rent up, starting at $1,165 a month. Filtering by fewer bedrooms or utilities included lowers costs further.
- What trade-offs come with the cheapest rentals?Lower rents often mean smaller units, older buildings, fewer amenities or a longer commute. Check what utilities are included to compare true cost.
View this page in Spanish: Apartamentos baratos en renta en los alrededores de 38138 - 399 Rentas | Trulia