Cheap Apartments for Rent in 38104
271 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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APPLY INSTANTLYSPECIAL OFFERPET FRIENDLY$695 - $850/moStudio-2 Beds1 Bath220 S. Cleveland St | 220 S Cleveland St #226-14,
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 increased in Jun 2026 compared to the previous month. Rent previously peaked in Jun 2025.
| Month | Average rent |
|---|---|
| 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 |
| Jun 2026 | $1,075 |
Average Rent By Bedroom and Home Type
In June 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 | $935 | $1,200 | $2,000 | $2,495 | $1,149 |
| Townhomes | — | $1,400 | $1,975 | — | $1,400 |
| Apartments and Condos | $950 | $1,100 | $1,850 | $849 | $1,050 |
| Houses | $1,050 | $1,650 | $2,195 | $2,495 | $2,000 |
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 $1,022 per month. This is about 48% lower than the national average.
- What is the average rent of a house in 38104?The average rent of a house in 38104 is $2,000 per month. This is about 3% higher than the national average.
- What is the average rent of a townhome in 38104?The average rent of a townhome in 38104 is $1,400 per month. This is about 28% lower than the national average.
- When is the average rent cheapest in 38104?In the last year, the average rent in 38104 was lowest in Dec 2025 when it was $1,095 per month.
- 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 $935 per month. That is about $63 more than the cost of a studio apartment.
- How many available rental listings are in 38104?There are 287 available rental listings in 38104.
- What are some cities near 38104?