Memphis, TN Rent Trends
Rank #78, last updated April 25
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 $1,099. 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.
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 1003 square feet, while the median apartment size for Memphis, TN is 981 square feet. However, square footage varies based on unit type. Most rentals in Memphis, TN (39%) are 2 bedroom apartments, while the fewest (2.44%) are studio apartments. Meanwhile, 3+ bedroom apartments account for 38.44%, and 1 bedroom apartments make up 20.11%.
Studio
One bedroom
Two bedrooms
Three+ bedrooms
What is the average rent for various neighborhoods in Memphis?
| Studio | 1 bed | 2 beds | 3+ beds | |
|---|---|---|---|---|
| Berclair | * | * | $788 | $1,363 |
| Binghampton | * | * | $885 | $1,350 |
| Cooper-Young | * | $923 | $1,195 | $1,850 |
| Heights | * | * | $850 | $1,275 |
| Oakhaven | * | * | $880 | $1,188 |
| Vollintine-Evergreen | * | $748 | $950 | $1,698 |
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
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