Luxury Apartments for Rent in 38138
42 rentals
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SPECIAL OFFERSENIOR HOUSINGPET FRIENDLY$2,202 - $3,529/mo
1-2 Beds
1-2 BathsLakeview at Germantown | 7900 Wolf River Blvd #420,
Germantown, TN 38138
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PET FRIENDLY0.5 ACRES
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PET FRIENDLY0.34 ACRES
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SPECIAL OFFERPET FRIENDLY$1,399 - $2,661/mo1-3 Beds1-3 BathsThe Grove Germantown Apartments | 7865 Grove Ct W #25-1547,
Germantown, TN 38138
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PET FRIENDLY0.27 ACRES
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PET FRIENDLY$2,129 - $2,395/mo3 Beds3 BathsThe Garden District Apartments | 6755 Poplar Ave #BA6777,
Germantown, TN 38138
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PET FRIENDLY$1,249 - $1,853/mo1-3 Beds1-2 BathsFarmington Gates | 2216 Brierbrook Rd #2175E1,
Germantown, TN 38138
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SPECIAL OFFERPET FRIENDLY$1,299 - $1,799/mo1-3 Beds1-2 BathsThe Bridges at Germantown Apartments | 7491 Wyndhurst Pl #102,
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 increased in May 2026 compared to the previous month. Rent previously peaked in Feb 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $2,586 |
| 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 |
Average Rent By Bedroom and Home Type
In May 2026, Townhomes were the most affordable home type to rent compared with Houses and Apartments and Condos.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,479 | $1,800 | $2,468 | $2,998 | $2,811 |
| Townhomes | — | $1,350 | $1,500 | — | $1,500 |
| Apartments and Condos | — | $3,800 | $1,750 | — | $3,800 |
| Houses | — | $1,250 | $2,520 | $2,998 | $2,979 |
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 $1,889 per month. This is about 2% lower than the national average.
- What is the average rent of a house in 38138?The average rent of a house in 38138 is $2,979 per month. This is about 54% higher than the national average.
- What is the average rent of a townhome in 38138?The average rent of a townhome in 38138 is $1,500 per month. This is about 22% 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 46 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.