Cheap Apartments for Rent in 38138
54 rentals
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Use arrow keys to navigateNEW - 2 DAYS AGOPET FRIENDLY$1,147 - $2,056/mo
1-3 Beds
1-2 BathsFarmington Gates | 2216 Brierbrook Rd #7944F4,
Germantown, TN 38138
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Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$1,315 - $2,711/mo1-3 Beds1-3 BathsThe Grove Germantown Apartments | 7865 Grove Ct W #6-202,
Germantown, TN 38138
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Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$1,449 - $1,799/mo1-3 Beds1-2 BathsThe Bridges at Germantown Apartments | 7491 Wyndhurst Pl #302,
Germantown, TN 38138
NEW - 1 DAY AGOAPPLY INSTANTLYFURNISHED
PET FRIENDLY
PET FRIENDLY$1,805 - $2,435/mo2-3 Beds2-3 BathsThe Garden District Apartments | 6755 Poplar Ave #AL6771,
Germantown, TN 38138
NEW - 16 HRS AGOAPPLY INSTANTLY
SPECIAL OFFERSENIOR HOUSINGPET FRIENDLY$2,145 - $3,529/mo1-2 Beds1-2 BathsLakeview at Germantown | 7900 Wolf River Blvd #145,
Germantown, TN 38138
NEW - 10 HRS AGOPET FRIENDLY$2,169 - $3,801/mo1-2 Beds2 BathsThe Residences at Thornwood | 7794 Kings College Ave #446,
Germantown, TN 38138
PET FRIENDLY
NEW - 20 HRS AGOPET FRIENDLY
PET FRIENDLY0.27 ACRES
APPLY INSTANTLYPET FRIENDLYFURNISHED
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APPLY INSTANTLYPET FRIENDLY
PET FRIENDLY0.34 ACRES
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APPLY INSTANTLY
PET FRIENDLY0.5 ACRES
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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 decreased in Jun 2026 compared to the previous month. Rent previously peaked in Feb 2025.
| Month | Average rent |
|---|---|
| Jul 2025 | $2,595 |
| Aug 2025 | $2,498 |
| Sep 2025 | $2,400 |
| 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 | $2,650 |
| May 2026 | $2,795 |
| Jun 2026 | $2,750 |
Average Rent By Bedroom and Home Type
In July 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 | $1,438 | $1,756 | $2,500 | $2,911 | $2,850 |
| Townhomes | — | $1,800 | — | — | $1,800 |
| Apartments and Condos | $950 | $1,400 | $1,750 | — | $1,400 |
| Houses | — | $1,250 | $2,665 | $2,911 | $2,950 |
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 $1,700 per month. This is about 13% 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 Dec 2025 when it was $2,300 per month.
- 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.
- How many available rental listings are in 38138?There are 58 available rental listings 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.
View this page in Spanish: Apartamentos baratos en renta en 38138 - 159 Rentas | Trulia