Zip Code
Average Rent in 38115
38115 is a zip code in Memphis, TN-MS-AR MSA. It ranks #38 out of 62 for places to rent. 38115 is in
the state of
Tennessee, the county of
Shelby County, the congressional district of
District 09 and the city of
Memphis. Dwellsy has rental data there are no sections, the neighborhoods of
Balmoral, Hickory Hill and no rental communities in 38115.The average rent over the last 3 months for places in 38115 is $1,245 which represents an increase of 2.87% over the same period.
Rental Price Comparison
The average rent for places in zip 38115 currently stands at $1,245.
In comparison, places in the average state, specifically Tennessee, is more expensive, with an average rent of $1,554. This represents a difference of +25% when compared to 38115.
Meanwhile, in the average msa of Memphis, TN-MS-AR MSA, the average rent for the same type of housing is $1,388, showing a more expensive of +12% from our subject location.
On a national scale, the average rent for a similar places across the United States is $1,859. This constitutes a more expensive by +49% when compared to the rent in 38115.
$1,245
38115
VS$1,554
+25%
TN, state
$1,388
+12%
Memphis, TN-MS-AR MSA, msa
$1,859
+49%
USA, us
Average price for rental listings over the last 3 months. Last updated May 31 2026
