38116 rental market

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Last updated August 18, 2025

Rental market summary

The average rent for 3 bedroom properties in 38116 is $1,315.

Average rent

$1,315

Month-over-month change

+$90

Year-over-year change

+$20

Available rentals

46

Source: Zillow Rentals data

Rental price range

The price range for 3 bedroom properties is $852 to $2,095.

Rent frequencies
Rent priceNumber of rental properties
$9004
$1,0003
$1,1007
$1,2009
$1,30011
$1,4009
$1,5005
$1,6002
$2,000+1

Average rent price over time

In the last year, rent has increased by $20 compared to the previous year.

Average rent price over time
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$1,275No data
Oct$1,314No data
Nov$1,295No data
Dec$1,295No 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.

cool

Temperature is based on all bedrooms and all property types.

Compare average rent in markets

Rent in 38116 is 41% lower than the national average.

38116vs.

$1,315

$2,213

Rent in 38116

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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 $525 - $3,599 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 $95

5. How many available rentals are there in 38116?

There are currently 89 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.