Cheap Apartments for Rent in 38119
62 rentals
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Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$1,029 - $1,669/mo
1-3 Beds
1-3 BathsLegacy on Lynnfield - NEWLY UPGRADED | 5900 Cedar Forest Dr,
Memphis, TN 38119
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APPLY INSTANTLYPET FRIENDLY
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NEW - 27 MIN AGOPET FRIENDLY
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PET FRIENDLYFURNISHED
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PET FRIENDLY0.25 ACRES
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FURNISHEDROOM FOR RENT- FURNISHED
PET FRIENDLY0.34 ACRES
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Average Rent Trends in 38119
Rent in 38119 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Aug 2026 compared to the previous month. Rent previously peaked in May 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $1,830 |
| Oct 2025 | $1,764 |
| Nov 2025 | $1,795 |
| Dec 2025 | $1,800 |
| Jan 2026 | $1,800 |
| Feb 2026 | $1,789 |
| Mar 2026 | $1,833 |
| Apr 2026 | $1,900 |
| May 2026 | $2,295 |
| Jun 2026 | $2,195 |
| Jul 2026 | $2,100 |
| Aug 2026 | $2,195 |
Average Rent By Bedroom and Home Type
In August 2026, Townhomes were the most affordable home type to rent compared with Houses and Apartments and Condos.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,587 | $1,350 | $1,975 | $2,165 | $2,144 |
| Townhomes | — | $1,000 | — | — | $1,000 |
| Apartments and Condos | $1,950 | $1,600 | — | $1,450 | $3,800 |
| Houses | — | $1,277 | $1,975 | $2,165 | $2,144 |
Frequently Asked Questions about Rentals in 38119
- What is the average rent of an apartment in 38119?The average rent of an apartment in 38119 is $2,602 per month. This is about 33% higher than the national average.
- When is the average rent cheapest in 38119?In the last year, the average rent in 38119 was lowest in Oct 2025 when it was $1,764 per month.
- When is the average rent most expensive in 38119?In the last year, the average rent in 38119 was highest in May 2025 when it was $1,935 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 38119?The average rent of a 1 bedroom apartment in 38119 is $1,587 per month. That is about $2,213 less than the cost of a studio apartment.
- How many available rental listings are in 38119?There are 72 available rental listings in 38119.
- What are some cities near 38119?Some nearby cities include: Germantown, Cordova, Memphis, Olive Branch, Collierville, Bartlett. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en 38119 - 164 Rentas | Trulia