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Apartments in 38109

31 - 39 of 39 Results
$1,295
400 Jensen Rd Memphis, Tn
400 Jenson Rd Memphis, TN
3 BR | Available Now
Contact
House
$1,095
Fully Renovated Beautiful 3 Bedroom, 1 Bathroom Home!
4918 Berta Rd Memphis, TN
3 BR | Ask for Availability
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House
Air Conditioning
11
$500
2105 Swift
Memphis, TN
2 BR | Available Now
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House
Den
4
$495
1680 Kansas St
Memphis, TN
Studio - 1 BR | Ask for Availability
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2
$1,100
4292 Briarberry Ln
Memphis, TN
3 BR | May. 17, 2024
Contact
Dog Friendly
Cat Friendly
House
Storage
4
$450
297 Fields
Memphis, TN
2 BR | Available Now
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House
4
$545
1686 Kansas St
Memphis, TN
1 BR | Ask for Availability
Contact
1
$650
2119 Benford St
Memphis, TN
4 BR | Available Now
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Dog Friendly
Cat Friendly
House
Den
1
$499
2109 Farrington
Memphis, TN
2 BR | Available Now
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House
31 - 39 of 39 Results
  1. Home
  2. Memphis
  3. 38109

How much does it cost to rent an apartment in 38109?

38109 apartments
Bed Type Average Rent Range
Studio $500 $500 - $500
1BR $550 $500 - $550
2BR $500 $450 - $1,030
3BR $1,070 $930 - $1,510
4+BR $1,170 $680 - $1,390
Frequently Asked Questions

How many apartments are available in 38109 on Rentable.co?

Rentable.co has 39 apartments available for rent in 38109.

What is the average rent for an apartment in 38109?

The average rent for an apartment in 38109 is around $1,070 per month.

What is the average rent for a one-bedroom apartment in 38109?

The average rent for a one-bedroom apartment in 38109 is around $545 per month.

What is the average rent for a two-bedroom apartment in 38109?

The average rent for a two-bedroom apartment in 38109 is around $500 per month.

What is the average rent for a studio apartment in 38109?

The average rent for a studio apartment in 38109 is around $495 per month.

Find an Apartment in 38109
Looking for an apartment in the 38109 zip code in Memphis, TN? Rentable has a variety of apartments for rent in 38109 Memphis, TN. Currently, there are 52 units available in this area. The average rent for apartments in 38109 is $1,070. The minimum rent for a 2-bedroom unit starts at $450.

If you're considering moving to this area, there are several points of interest and community amenities nearby. The zip code 38109 is located in the southwest part of Memphis, and it is close to several parks such as T.O. Fuller State Park and Oakhaven Park. These parks offer opportunities for outdoor activities and recreation.

In addition, 38109 is home to various community amenities including nearby schools like Oakshire Elementary School and Mitchell High School. There are also shopping centers and restaurants in the area, providing convenience for residents.

If you're looking for apartments near 38109, Rentable has a wide range of options to choose from. Take a look at our available apartments in 38109 Memphis, TN and find your perfect rental today.

Memphis:
May Rent Report

Welcome to the May 2024 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Memphis rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Memphis and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Memphis average rent prices in the chart below.

Monthly Rent Report

$1,250
$940
$630
$310
$0
Mar. 2023
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
1 BR       2 BR

Memphis Rent Prices Decrease From April to May

Memphis rent prices decreased over the last month. From April to May, the city experienced a -0.62% decrease for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $959.0.

When we take a look at the two-bedroom comparison from April to May, Memphis experienced a -0.09% decrease for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,074.0.

May Prices: Memphis vs. Surrounding Areas

Germantown, TN
Cordova, TN
Collierville, TN
Horn Lake, MS
Southaven, MS
Memphis, TN
Millington, TN
$1,544
$1,476
$1,439
$1,314
$1,260
$953
$500
$0
$550
$1,100
$1,650
$2,200
Median 1 BR Rent

Rent Prices in Memphis and Surrounding Areas

Rent prices have decreased in Memphis over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 2 of the Memphis suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Horn Lake, MS, Collierville, TN .

  • Rent decreased in Cordova, TN, Southaven, MS, Germantown, TN, Millington, TN.

  • 5 suburbs are currently priced higher than the city of Memphis.

  • 1 suburb is currently priced lower than the city of Memphis.

May 2024 Pricing Trends: Memphis vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
Memphis, TN
$4,056
$3,039
$2,377
$2,336
$1,913
$1,300
$1,283
$1,178
$953
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Memphis Rent Prices More Affordable Than Major Cities

Rent growth in Memphis over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Memphis average rent prices appear to be relatively affordable for local residents.

The price for a Memphis one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Memphis and surrounding area rent prices, take a look at the complete data set below.

Data set for Memphis and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
Memphis, TN $953.0 -0.52% $1,068.0 -0.19%
Cordova, TN $1,476.0 -0.14% $1,624.0 -0.61%
Southaven, MS $1,260.0 -0.79% $1,457.0 1.39%
Horn Lake, MS $1,314.0 0.84% $1,428.0 -0.49%
Collierville, TN $1,439.0 3.01% $1,632.0 0.00%
Germantown, TN $1,544.0 -0.07% $1,845.0 0.55%
Millington, TN $500.0 0.00% $1,500.0 42.45%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.

Browse Memphis Apartments
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