Cheap Apartments for Rent in 38141
70 rentals
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Average Rent Trends in 38141
Rent in 38141 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.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,640 |
| Jul 2025 | $1,604 |
| Aug 2025 | $1,575 |
| Sep 2025 | $1,575 |
| Oct 2025 | $1,565 |
| Nov 2025 | $1,515 |
| Dec 2025 | $1,520 |
| Jan 2026 | $1,498 |
| Feb 2026 | $1,495 |
| Mar 2026 | $1,495 |
| Apr 2026 | $1,575 |
| May 2026 | $1,550 |
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 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $975 | $1,250 | $1,553 | $1,789 | $1,545 |
| Townhomes | — | $1,225 | — | — | $1,225 |
| Apartments and Condos | — | — | $1,225 | — | $1,225 |
| Houses | — | $1,250 | $1,575 | $1,789 | $1,550 |
Frequently Asked Questions about Rentals in 38141
- What is the average rent of an apartment in 38141?The average rent of an apartment in 38141 is $1,299 per month. This is about 33% lower than the national average.
- What is the average rent of a house in 38141?The average rent of a house in 38141 is $1,550 per month. This is about 20% lower than the national average.
- What is the average rent of a townhome in 38141?The average rent of a townhome in 38141 is $1,225 per month. This is about 37% lower than the national average.
- When is the average rent cheapest in 38141?In the last year, the average rent in 38141 was lowest in Feb 2025 when it was $1,495 per month.
- When is the average rent most expensive in 38141?In the last year, the average rent in 38141 was highest in Jun 2025 when it was $1,640 per month.
- How many available rental listings are in 38141?There are 76 available rental listings in 38141.
- What are some cities near 38141?Some nearby cities include: Olive Branch, Germantown, Southaven, Memphis, Cordova, Collierville. These cities may have more rental options to explore.