Cheap Apartments for Rent in 38618
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Apartments For Rent Near 38618
We found 30 more apartments matching your filters just outside 38618
- ROOM FOR RENT
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- SPECIAL OFFERPET FRIENDLY$547 - $1,178/moStudio-4 Beds1-2 BathsEmberly Apartments | 3619 Kingsgate Dr #3613-8,
Memphis, TN 38116 - SPECIAL OFFERPET FRIENDLY
- PET FRIENDLY
- $637 - $837/mo1-3 Beds1-2 BathsHillcrest Apartments | 4155 Eastwind Dr #2bcf4f564,
Memphis, TN 38116 - $644 - $873/mo1-2 Beds1-2 BathsMill Creek Apartments | 4537 Mill Stream Dr #21462511,
Memphis, TN 38116 - $750 - $1,300/mo1-3 Beds1-2 BathsThe Residence Village Green | 3450 Fescue Ln #6260-V2,
Memphis, TN 38115
Average Rent Trends in 38618
Rent in 38618 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Apr 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $2,733 |
| Jul 2025 | $2,500 |
| Aug 2025 | $2,500 |
| Sep 2025 | $2,450 |
| Oct 2025 | $1,099 |
| Nov 2025 | $3,100 |
| Dec 2025 | $2,200 |
| Jan 2026 | $2,100 |
| Feb 2026 | $2,058 |
| Mar 2026 | $1,595 |
| Apr 2026 | $1,600 |
| May 2026 | $1,600 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | — | $900 | $1,590 | $2,295 | $1,590 |
| Apartments and Condos | — | $900 | — | — | $900 |
| Houses | — | — | $1,590 | $2,295 | $1,590 |
Frequently Asked Questions about Rentals in 38618
- What is the average rent of an apartment in 38618?The average rent of an apartment in 38618 is $900 per month. This is about 53% lower than the national average.
- What is the average rent of a house in 38618?The average rent of a house in 38618 is $1,590 per month. This is about 18% lower than the national average.
- When is the average rent cheapest in 38618?In the last year, the average rent in 38618 was lowest in Feb 2025 when it was $903 per month.
- When is the average rent most expensive in 38618?In the last year, the average rent in 38618 was highest in Apr 2025 when it was $3,950 per month.
- How many available rental listings are in 38618?There are 2 available rental listings in 38618.
- What are some cities near 38618?