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Cheap Apartments for Rent in 38115, TN - 67 Rentals available

Apartments Under $600

  • Apartment
    5995 Waterstone Oak Way, Memphis, TN 38115
    $510 - $870
    • 1-3 Beds
    • 1-2.5 Baths
    Available Today!
    (314) 549-1118
  • Apartment
    2778 Pickering Drive, Memphis, TN 38115
    $540 - $820
    • 1-3 Beds
    • 1-2 Baths
    Available Today!
    (314) 375-2511
  • Apartment
    6277 Lake Arbor Drive, Memphis, TN 38115
    $540 - $840
    • 1-3 Beds
    • 1-2 Baths
    Available Today!
    (901) 495-2602
  • Apartment
    3048 Moriah Trail, Memphis, TN 38115
    $555 - $1,260
    • 1-2 Beds
    • 1-2.5 Baths
    Available Today!
    (844) 368-2700

Popular Searches

38115 Demographics

  • Total Population41,417
  • Female 18,714
    Male 22,703
  • Median Age28.4

Average Rent in 38115

  • 38115 Average Rental Price, May 2019$686/mo

38115 Apartment Rent Ranges

  • < $5005%
  • $501-$70053%
  • $701-$1,00041%
  • $1,001-$1,5002%

38115 Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 May / 2019
38115 $625 $632 $636 $639 $650 $663 $662 $662 $686
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396
/

Average rent is projected to grow by 2% in 2018 compared to 2017.

Please note that projected rent growth is calculated at city level.

38115 Households

  • Total Number of Households16,672
  • Family 8,973
    Non-family 7,699
  • Children 5,581
    No Children 11,091
  • Average People Per Household2.48
  • Median Household Income$31,183
  • Median Housing Costs Per Month$862

38115 Education Statistics

  • No High School5%
  • Some High School45%
  • Some College31%
  • Associate Degree5%
  • Bachelor Degree10%
  • Graduate Degree4%
RENTCafé is your one-stop shop for finding a great new apartment in 38115. Easily search through a wide selection of apartments for rent in 38115, TN, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Browse apartments listings in 38115 with rents starting from $510 and submit your rental application today!

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