Cheap Apartments for Rent in 38138
46 rentals
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Use arrow keys to navigatePET FRIENDLY$1,319 - $1,749/mo
1-3 Beds
1-2 BathsThe Bridges at Germantown Apartments | 7491 Wyndhurst Pl,
Germantown, TN 38138
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SPECIAL OFFERPET FRIENDLYTotal price$1,391 - $2,444/mo1-3 Beds1-2 BathsThe Vineyards | 7109 Vineyard Way,
Germantown, TN 38138
SPECIAL OFFERPET FRIENDLY$1,399 - $2,711/mo1-3 Beds1-3 BathsThe Grove Germantown Apartments | 7865 Grove Ct W,
Germantown, TN 38138
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SPECIAL OFFERPET FRIENDLY$1,847 - $2,462/mo2-3 Beds2-3 BathsThe Garden District Apartments | 6755 Poplar Ave,
Germantown, TN 38138
SPECIAL OFFERSENIOR HOUSINGPET FRIENDLY$1,925 - $3,250/mo1-2 Beds1-2 BathsLakeview at Germantown | 7900 Wolf River Blvd,
Germantown, TN 38138
PET FRIENDLYTotal price$2,184 - $3,381/mo1-2 Beds2 BathsThe Residences at Thornwood | 7794 Kings College Ave,
Germantown, TN 38138
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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 Sep 2026 compared to the previous month. Rent previously peaked in Feb 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $2,500 |
| Nov 2025 | $2,495 |
| 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 |
Average Rent By Bedroom and Home Type
In October 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,380 | $1,811 | $2,384 | $2,900 | $2,575 |
| Townhomes | — | $1,350 | — | — | $1,350 |
| Apartments and Condos | $1,100 | — | $1,695 | — | $1,150 |
| Houses | — | — | $2,495 | $2,900 | $2,900 |
Frequently Asked Questions about Rentals in 38138
- What is the average rent of an apartment in 38138?The average rent of an apartment in 38138 is $1,575 per month. This is about 19% lower than the national average.
- What are the cheapest months to find an apartment to rent in 38138?Last year, the cheapest month to find an apartment to rent was Dec 2025 when it was $2,300 per month.
- How many cheap apartments are available in 38138?There are 25 apartments to rent that are cheaper than the city’s average rent of $2,575.
- When is the average rent most expensive in 38138?In the last year, the average rent in 38138 was highest in Feb 2025 when it was $2,600 per month.
- 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 baratos en renta en 38138 - 158 Rentas | Trulia