Memphis, TN Rent Trends

Rank #77, last updated May 15

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To calculate the apartment rental trends in each city or neighborhood, ApartmentAdvisor evaluates thousands of available apartment listings in a given market and updates this information daily.

What is the average rent in Memphis?

The average rent of a studio apartment in Memphis, TN is $1,170. The average rent of a 1-bedroom in Memphis, TN is $950. The average rent of a 2-bedroom in Memphis, TN is $995. The average rent of a 3-bedroom in Memphis, TN is $1,300.

$1,170

$950

$995

$1,300

Note: We calculate "average" rent as the median, or midpoint, to eliminate any skew from extremely high-priced or low-priced units.

Rent Prices Over Time in Memphis

Apartment Rent Ranges in Memphis

The monthly rent for apartments in Memphis, TN ranges from $500 to $1,700+.

$500 - $800

$800 - $1,100

$1,100 - $1,400

$1,400 - $1,700

$1,700+

What is the average apartment size in Memphis?

The average size of a Memphis, TN apartment is 1028 square feet, while the median apartment size for Memphis, TN is 998 square feet. However, square footage varies based on unit type. Most rentals in Memphis, TN (39.93%) are 2 bedroom apartments, while the fewest (2.46%) are studio apartments. Meanwhile, 3+ bedroom apartments account for 37.38%, and 1 bedroom apartments make up 20.23%.

Studio

One bedroom

Two bedrooms

Three+ bedrooms

What is the average rent for various neighborhoods in Memphis?

	Studio	1 bed	2 beds	3+ beds
Binghampton	*	*	$868	$1,295
Central Gardens	*	$1,412	$1,749	*
Cooper-Young	*	$995	$1,195	*
Heights	*	*	$895	$1,095
Oakhaven	*	*	$880	$1,188
Vollintine-Evergreen	*	$795	$1,050	$1,523
Whitehaven	*	*	$950	$1,300

Note: We calculate "average" rent as the median, or midpoint, to eliminate any skew from extremely high-priced or low-priced units.

* Insufficient data to calculate value

Nearby neighborhoods

Binghampton Apartments

24 apartments starting at $790/month

Central Gardens Apartments

9 apartments starting at $795/month

Cooper-Young Apartments

13 apartments starting at $850/month

Crosstown Apartments

9 apartments starting at $795/month

Evergreen Apartments

11 apartments starting at $825/month

Frayser Apartments

25 apartments starting at $800/month

Glenview Apartments

10 apartments starting at $875/month

Hollywood Apartments

8 apartments starting at $650/month

Messick-Buntyn Apartments

7 apartments starting at $945/month

Orange Mound Apartments

19 apartments starting at $695/month

Riverside Apartments

13 apartments starting at $700/month

Vollintine-Evergreen Apartments

19 apartments starting at $659/month

Nearby cities

Bartlett Apartments

13 apartments starting at $795/month

Collierville Apartments

5 apartments starting at $1,195/month

Germantown Apartments

7 apartments starting at $1,200/month

Horn Lake Apartments

25 apartments starting at $1,250/month

Jonesboro Apartments

47 apartments starting at $562/month

Olive Branch Apartments

9 apartments starting at $1,545/month

Paragould Apartments

8 apartments starting at $675/month

Southaven Apartments

27 apartments starting at $1,249/month

West Memphis Apartments

6 apartments starting at $645/month

Nearby universities

Southwest Tennessee Community College Apartments

32 apartments starting at $599/month

University of Memphis Apartments

23 apartments starting at $650/month

Nearby metro areas

Atlanta Metro Apartments

1,431 apartments starting at $600/month

Birmingham Metro Apartments

563 apartments starting at $550/month

Louisville Metro Apartments

285 apartments starting at $550/month

Memphis Metro Apartments

978 apartments starting at $500/month

Nashville Metro Apartments

535 apartments starting at $550/month

St. Louis Metro Apartments

948 apartments starting at $400/month