Cheap Apartments for Rent in 38107
113 rentals
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Use arrow keys to navigateINCOME RESTRICTED$650 - $775/mo
1-2 Beds
1 BathChicago Park Place Apartments | 1415 Breedlove St #9b6ecb87b,
Memphis, TN 38107
Use arrow keys to navigatePET FRIENDLY$659 - $920/mo1-2 Beds1 BathUniversity Gardens Manor | 2059 N Cabana Cir #CS-2081-08,
Memphis, TN 38107
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Average Rent Trends in 38107
Rent in 38107 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in May 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,250 |
| Jul 2025 | $1,150 |
| Aug 2025 | $1,195 |
| Sep 2025 | $1,195 |
| Oct 2025 | $1,195 |
| Nov 2025 | $1,095 |
| Dec 2025 | $1,150 |
| Jan 2026 | $1,149 |
| Feb 2026 | $1,125 |
| Mar 2026 | $1,110 |
| Apr 2026 | $1,250 |
| May 2026 | $1,200 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $850 | $950 | $1,350 | $1,600 | $1,250 |
| Apartments and Condos | $1,000 | $900 | $1,350 | — | $995 |
| Houses | $918 | $995 | $1,375 | $1,600 | $1,450 |
Frequently Asked Questions about Rentals in 38107
- What is the average rent of an apartment in 38107?The average rent of an apartment in 38107 is $793 per month. This is about 59% lower than the national average.
- What is the average rent of a house in 38107?The average rent of a house in 38107 is $1,450 per month. This is about 25% lower than the national average.
- When is the average rent cheapest in 38107?In the last year, the average rent in 38107 was lowest in Nov 2025 when it was $1,095 per month.
- When is the average rent most expensive in 38107?In the last year, the average rent in 38107 was highest in May 2025 when it was $1,347 per month.
- How many available rental listings are in 38107?There are 116 available rental listings in 38107.
- What are some cities near 38107?Some nearby cities include: Memphis, West Memphis, Marion, Sunset, Bartlett, Millington. These cities may have more rental options to explore.