Apartments in 38134

23 rentals

Apartments For Rent Near 38134

We found 30 more apartments matching your filters just outside 38134

Average Rent Trends in 38134

Rent in 38134 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 May 2025.
MonthAverage rent
Jun 2025$1,105
Jul 2025$1,170
Aug 2025$1,193
Sep 2025$1,173
Oct 2025$1,186
Nov 2025$1,153
Dec 2025$992
Jan 2026$1,171
Feb 2026$1,046
Mar 2026$1,343
Apr 2026$1,238
May 2026$1,238
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$870$1,172$1,600$1,795$1,600
Townhomes——$1,467—$1,478
Apartments and Condos$850$1,700$1,450—$1,500
Houses—$1,200$1,649$1,795$1,665

Frequently Asked Questions about Apartments and Condos for rent in 38134

  • What is the average rent of an apartment in 38134?
    The average rent of an apartment in 38134 is $1,229 per month. This is about 36% lower than the national average.
  • When is the average rent cheapest in 38134?
    In the last year, the average rent in 38134 was lowest in Dec 2025 when it was $992 per month.
  • When is the average rent most expensive in 38134?
    In the last year, the average rent in 38134 was highest in May 2025 when it was $4,484 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in 38134?
    The average rent of a 1 bedroom apartment in 38134 is $859 per month. That is about $641 less than the cost of a studio apartment.
  • How many apartments or condos are available to rent in 38134?
    There are 19 available apartments or condos to rent in 38134.
  • What are some cities near 38134?
    Some nearby cities include: Bartlett, Cordova, Germantown, Memphis, Lakeland, Eads. These cities may have more rental options to explore.