Rent in 38161 (Memphis, TN)
There are no ZIP-level rent figures for 38161, so the estimate uses the HUD Fair Market Rent for Shelby County: $1,301 a month for a 2-bedroom. Other sizes: studio $1,095, 1 bed $1,191, 3 beds $1,717, 4 beds $1,981. Owner-occupied homes in Shelby County pay about 0.98% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Range | Best guess | County FMR |
|---|---|---|---|
| Studio | $1,095 | $1,095 | $1,095used above |
| 1 bed | $1,191 | $1,191 | $1,191used above |
| 2 beds | $1,301 | $1,301 | $1,301used above |
| 3 beds | $1,717 | $1,717 | $1,717used above |
| 4 beds | $1,981 | $1,981 | $1,981used above |
- Studio: HUD Fair Market Rent (county) $1,095 (Oct 1, 2026)
- 1 bed: HUD Fair Market Rent (county) $1,191 (Oct 1, 2026)
- 2 beds: HUD Fair Market Rent (county) $1,301 (Oct 1, 2026)
- 3 beds: HUD Fair Market Rent (county) $1,717 (Oct 1, 2026)
- 4 beds: HUD Fair Market Rent (county) $1,981 (Oct 1, 2026)
Gross rent (rent plus tenant-paid utilities). Sources: HUD county Fair Market Rents (Oct 1, 2026).
Compare your rent in 38161Share your rent (anonymous)
Help other investors and renters see real rents. We never ask for your name, email or address, and we never show individual submissions; once enough rents come in for a ZIP code, we may publish totals like the median.
Frequently asked questions
- What is the rent for a 2-bedroom in 38161?
- $1,301 a month, the HUD Fair Market Rent for Shelby County; there is no ZIP-level figure for 38161.
- What is the rent for a 1-bedroom in 38161?
- $1,191 a month, the HUD Fair Market Rent for Shelby County; there is no ZIP-level figure for 38161.
- What is the rent for a 3-bedroom in 38161?
- $1,717 a month, the HUD Fair Market Rent for Shelby County; there is no ZIP-level figure for 38161.
- What is the rent for a studio in 38161?
- $1,095 a month, the HUD Fair Market Rent for Shelby County; there is no ZIP-level figure for 38161.
- What is the rent for a 4-bedroom in 38161?
- $1,981 a month, the HUD Fair Market Rent for Shelby County; there is no ZIP-level figure for 38161.
- What is the property tax rate in ZIP 38161?
- Owner-occupied homes in Shelby County pay a typical 0.98% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do the 38161 rent figures come from?
- HUD county Fair Market Rents (Oct 1, 2026).