Cheap Apartments for Rent in 38134
93 rentals
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$695 - $1,090/mo
1-3 Beds
1-2 BathsSummer Trace Apartments | 6015 Summer Trace Dr #99-306,
Memphis, TN 38134
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Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$839 - $1,270/mo1-2 Beds1-2 BathsGreenbrook at Shelby Farms | 1400 Greenbrook Pkwy #MP12174,
Memphis, TN 38134
Use arrow keys to navigateNEW - 2 DAYS AGOSPECIAL OFFERPET FRIENDLY$846 - $1,381/mo1-3 Beds1-2 BathsThe Stella Apartments | 2165 E River Trace Dr #2152E8,
Memphis, TN 38134
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PET FRIENDLY$1,208 - $1,618/mo1-3 Beds1-2 BathsArbors of Century Center | 1490 Century Arbor Ln #304,
Memphis, TN 38134
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PET FRIENDLY$1,269 - $1,539/mo2 Beds1-2 BathsReNew Bartlett Village | 6130 Bartlett View Ln #SR-6132-1,
Memphis, TN 38134
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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 increased in May 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,602 |
| Jul 2025 | $1,650 |
| Aug 2025 | $1,690 |
| Sep 2025 | $1,578 |
| Oct 2025 | $1,515 |
| Nov 2025 | $1,500 |
| Dec 2025 | $1,495 |
| Jan 2026 | $1,525 |
| Feb 2026 | $1,575 |
| Mar 2026 | $1,495 |
| Apr 2026 | $1,513 |
| May 2026 | $1,595 |
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 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| 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 Rentals 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.
- What is the average rent of a house in 38134?The average rent of a house in 38134 is $1,665 per month. This is about 14% lower than the national average.
- What is the average rent of a townhome in 38134?The average rent of a townhome in 38134 is $1,478 per month. This is about 23% 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 $1,495 per month.
- When is the average rent most expensive in 38134?In the last year, the average rent in 38134 was highest in Aug 2025 when it was $1,690 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 $870 per month. That is about $630 less than the cost of a studio apartment.
- How many available rental listings are in 38134?There are 82 available rental listings in 38134.
- What are some cities near 38134?