Cheap Apartments for Rent in 38104
283 rentals
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Studio-1 Bed
1 BathCity View Towers - 62 & Older | 256 S Camilla St #ff39324fc,
Memphis, TN 38104
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SPECIAL OFFERPET FRIENDLY$750 - $1,700/moStudio-2 Beds1-2 BathsKimbrough Tower Apartments | 172 Kimbrough Pl #703,
Memphis, TN 38104
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PET FRIENDLY$775 - $1,399/moStudio-2 Beds1-2 BathsCentral Gardens Apartments | 1437 Central Ave #eb27837ac,
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 stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Jun 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,250 |
| Jul 2025 | $1,200 |
| Aug 2025 | $1,250 |
| Sep 2025 | $1,200 |
| Oct 2025 | $1,195 |
| Nov 2025 | $1,175 |
| Dec 2025 | $1,095 |
| Jan 2026 | $1,100 |
| Feb 2026 | $1,100 |
| Mar 2026 | $1,099 |
| Apr 2026 | $1,000 |
| May 2026 | $1,000 |
Average Rent By Bedroom and Home Type
In May 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 | $895 | $1,133 | $1,950 | $2,300 | $1,000 |
| Townhomes | $900 | $1,250 | $1,855 | — | $1,250 |
| Apartments and Condos | $895 | $1,100 | $1,700 | $803 | $925 |
| Houses | $1,095 | $1,800 | $2,000 | $2,495 | $2,100 |
Frequently Asked Questions about Rentals in 38104
- What is the average rent in 38104?The average rent in 38104 is $1,000. Rent prices range from $100 to as much as $12,500, depending on the type of rental.
- How does the rent in 38104 compare to the national average?Average rent in 38104 is about 48% lower than the national average rent of $1,910. That means it is less expensive to rent in 38104 compared to the U.S. average.
- What is the average rent in 38104, by number of bedrooms?The average rent in 38104 is $880 for a studio, $895 for a 1 bedroom, $1,133 for a 2 bedroom, $1,950 for a 3 bedroom, and $2,300 for a 4 bedroom.
- How have rent prices in 38104 changed compared to last year?In the past year, the average rent price in 38104 has decreased by $200. That means the average rent is 20% lower than last year.
- How many available rental listings are in 38104?There are 294 available rental listings in 38104.
- What are some cities near 38104?