Cheap Apartments for Rent in 38104
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PET FRIENDLY$750 - $1,700/mo
Studio-2 Beds
1-2 BathsKimbrough Tower Apartments | 172 Kimbrough Pl,
Memphis, TN 38104
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PET FRIENDLY$775 - $1,399/moStudio-2 Beds1-2 BathsCentral Gardens Apartments | 1437 Central Ave,
Memphis, TN 38104
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Average Rent Trends in 38104
Rent in 38104 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Nov 2026 compared to the previous month. Rent previously peaked in Jun 2025.
| Month | Average rent |
|---|---|
| Dec 2025 | $1,095 |
| Jan 2026 | $1,100 |
| Feb 2026 | $1,100 |
| Mar 2026 | $1,099 |
| Apr 2026 | $1,000 |
| May 2026 | $1,000 |
| Jun 2026 | $1,075 |
| Jul 2026 | $1,095 |
| Aug 2026 | $1,050 |
| Sep 2026 | $1,151 |
| Oct 2026 | $1,135 |
| Nov 2026 | $1,200 |
Average Rent By Bedroom and Home Type
In November 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $965 | $1,250 | $1,795 | $2,600 | $1,200 |
| Townhomes | $595 | $1,450 | $1,843 | $3,700 | $1,700 |
| Apartments and Condos | $975 | $1,150 | $1,750 | $3,934 | $1,100 |
| Houses | $1,200 | $1,650 | $1,744 | $2,495 | $1,744 |
Frequently Asked Questions about Rentals in 38104
- What is the average rent of an apartment in 38104?The average rent of an apartment in 38104 is $1,194 per month. This is about 38% lower than the national average.
- What are the cheapest months to find an apartment to rent in 38104?Last year, the cheapest month to find an apartment to rent was Dec 2025 when it was $1,095 per month.
- How many cheap apartments are available in 38104?There are 127 apartments to rent that are cheaper than the city’s average rent of $1,200.
- When is the average rent most expensive in 38104?In the last year, the average rent in 38104 was highest in Jun 2025 when it was $1,250 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 38104?The average rent of a 1 bedroom apartment in 38104 is $965 per month. That is about $75 more than the cost of a studio apartment.
- What are some cities near 38104?
View this page in Spanish: Apartamentos baratos en renta en 38104 - 561 Rentas | Trulia