Last updated
Average Rent in Memphis 38134 & Rent Trends
Rent prices and market trends across 1 apartment community in Memphis 38134, Bartlett, TN. Updated daily.
Market Average
$2,255/mo
Lowest Available
$1,385/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
10
available now
Price Cuts This Week in Memphis 38134
22 listed units across 1 building offering studio units in Memphis 38134 dropped their asking rent in the past 7 days, an average cut of $142/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Main Street Renewal - Memphis | Unit 54 | $2,570 | $1,840 | $730 |
| Main Street Renewal - Memphis | Unit 56 | $2,450 | $1,840 | $610 |
| Main Street Renewal - Memphis | Unit 48 | $3,092 | $2,525 | $567 |
| Main Street Renewal - Memphis | Unit 51 | $2,023 | $1,680 | $343 |
| Main Street Renewal - Memphis | Unit 45 | $2,585 | $2,265 | $320 |
| Main Street Renewal - Memphis | Unit 39 | $2,209 | $2,142 | $67 |
| Main Street Renewal - Memphis | Unit 22 | $1,870 | $1,821 | $49 |
| Main Street Renewal - Memphis | Unit 50 | $2,570 | $2,525 | $45 |
Memphis 38134 vs Bartlett, TN Average
Memphis 38134 is more expensive than the Bartlett, TN average by $919/mo (69%). The citywide average is $1,336/mo across all neighborhoods.
Is Rent Going Up or Down in Memphis 38134?
As of August 2026, the average rent in Memphis 38134 is $2,255 per month across 1 apartment community and 10 available units.
The most affordable option is Main Street Renewal - Memphis starting at $1,385/mo. By unit type, a studio averages $2,255/mo.
Prices range from $1,385 to $3,320 per month. The most common price point is the $2,400 range, where 3 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Memphis 38134
Rent Prices by Apartment in Memphis 38134
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Main Street Renewal - Memphis | $1,385/mo | $2,255/mo | 10 | 3.9 |
Frequently Asked Questions About Rent in Memphis 38134
What is the average rent in Memphis 38134?
Is rent going up or down in Memphis 38134?
What is the cheapest apartment in Memphis 38134?
How many apartments are available in Memphis 38134?
What salary do I need to live comfortably in Memphis 38134?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$90,000/year
Based on the 30 percent rule, using our tracked average rent of $2,255/mo.
Comfortable income
$108,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,385/mo), you need to earn at least $55,000/year.
Median household income in Memphis 38134 is $100,660 , about 7% below the comfortable-living threshold.
Cost of living in Memphis 38134
Overall prices in Memphis 38134 runs below the national average by about 8% (BEA Regional Price Parity index 91.9, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Memphis 38134's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,255 |
| Utilities | $332 |
| Groceries | $509 |
| Transportation | $792 |
| Healthcare | $386 |
| Other goods and services | $618 |
| Estimated total | $4,894/mo |
Population
56,998
Median household income
$100,660
Census median rent
$1,658/mo
Rent as % of income
28.3%
Median age
41.8
Mean commute
25 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Memphis 38134 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Memphis 38134 Apartments
Browse all 1 communities with daily-updated pricing and availability.