Luxury Apartments for Rent in 38134
95 rentals
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1-3 Beds
1-2 BathsThe Westerly at Union Depot | 6840 Union Depot Dr #1-425,
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 #208,
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 | $866 | $1,195 | $1,550 | $1,795 | $1,595 |
| Townhomes | — | — | $1,467 | — | $1,478 |
| Apartments and Condos | $850 | $1,700 | $1,450 | — | $1,500 |
| Houses | — | $1,250 | $1,595 | $1,795 | $1,650 |
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 $1,237 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 $1,650 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 $866 per month. That is about $634 less than the cost of a studio apartment.
- How many available rental listings are in 38134?There are 94 available rental listings in 38134.
- What are some cities near 38134?