Cheap Apartments for Rent in 38134
107 rentals
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1-2 Beds
1-2 BathsGreenbrook at Shelby Farms | 1400 Greenbrook Pkwy,
Memphis, TN 38134
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PET FRIENDLY$1,003 - $1,451/mo1-2 Beds1-2 BathsArbors of Century Center | 1490 Century Arbor Ln,
Memphis, TN 38134
PET FRIENDLY$1,059 - $1,849/mo2-3 Beds1-2 BathsReNew Bartlett Village | 6130 Bartlett View Ln,
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 stayed about the same in Sep 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| 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 | $1,512 |
| May 2026 | $1,595 |
| Jun 2026 | $1,575 |
| Jul 2026 | $1,595 |
| Aug 2026 | $1,550 |
| Sep 2026 | $1,544 |
Average Rent By Bedroom and Home Type
In October 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 | $884 | $1,114 | $1,527 | $1,715 | $1,517 |
| Townhomes | — | $1,095 | $1,425 | — | $1,395 |
| Apartments and Condos | $795 | $895 | $1,350 | $1,710 | $1,350 |
| Houses | $900 | $1,200 | $1,578 | $1,756 | $1,595 |
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 $1,132 per month. This is about 42% lower than the national average.
- What are the cheapest months to find an apartment to rent in 38134?Last year, the cheapest month to find an apartment to rent was Dec 2025 when it was $1,495 per month.
- How many cheap apartments are available in 38134?There are 56 apartments to rent that are cheaper than the city’s average rent of $1,517.
- 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 $884 per month. That is about $34 more than the cost of a studio apartment.
- What are some cities near 38134?
View this page in Spanish: Apartamentos baratos en renta en 38134 - 264 Rentas | Trulia