38116 rental market
Last updated August 29, 2025
Rental market summary
The average rent for 3 bedroom properties in 38116 is $1,325.
$1,325
+$40
+$30
42
Source: Zillow Rentals data
Rental price range
The price range for 3 bedroom properties is $852 to $3,000.
| Rent price | Number of rental properties |
|---|---|
| $900 | 3 |
| $1,000 | 3 |
| $1,100 | 8 |
| $1,200 | 5 |
| $1,300 | 10 |
| $1,400 | 7 |
| $1,500 | 6 |
| $1,600 | 2 |
| $1,700 | 1 |
| $2,000 | 1 |
| $2,900 | 1 |
| $3,000+ | 1 |
Average rent price over time
In the last year, rent has increased by $30 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $1,250 | $1,250 |
| Feb | $1,295 | $1,200 |
| Mar | $1,250 | $1,325 |
| Apr | $1,290 | $1,325 |
| May | $1,300 | $1,325 |
| Jun | $1,225 | $1,325 |
| Jul | $1,250 | $1,275 |
| Aug | $1,285 | $1,255 |
| Sep | $1,275 | No data |
| Oct | $1,314 | No data |
| Nov | $1,295 | No data |
| Dec | $1,295 | No data |
Market temperature
The 38116 rental market temperature is COOL. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in 38116 is 40% lower than the national average.
$1,325
$2,200
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Rent trends near 38116
Frequently asked questions
1. What is the average rent in 38116?
The average rent in 38116 is $1,195.
2. How much does it cost to rent a house in 38116?
Houses in 38116 rent between $637 - $3,399 with an average rent of $1,195.
3. How has the rent in 38116 changed in the last year?
In the last year, the rent in 38116 decreased by $100
4. How much has the rent in 38116 increased/decreased in the last month?
In the last month, the rent in 38116 increased by $45
5. How many available rentals are there in 38116?
There are currently 86 rentals available in 38116.
6. How do rent prices in 38116 compare with the national average?
The average rent in 38116 is $1,195 — Infinity% higher the national average of $0.