Memphis, TN Rent Trends

Rank #79, last updated May 4

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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 $1,099. The average rent of a 1-bedroom in Memphis, TN is $935. 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.

$1,099

$935

$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 1017 square feet, while the median apartment size for Memphis, TN is 987 square feet. However, square footage varies based on unit type. Most rentals in Memphis, TN (39.85%) are 2 bedroom apartments, while the fewest (2.47%) are studio apartments. Meanwhile, 3+ bedroom apartments account for 38.9%, and 1 bedroom apartments make up 18.79%.

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	*	*	$895	$1,295
Cooper-Young	*	$995	$1,195	*
Evergreen	*	$998	*	$2,100
Frayser	*	*	$835	$995
Heights	*	*	$873	$1,073
Orange Mound	*	*	$865	$1,095
Vollintine-Evergreen	*	$748	$995	$1,595

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

23 apartments starting at $790/month

Central Gardens Apartments

6 apartments starting at $850/month

Cooper-Young Apartments

13 apartments starting at $850/month

Crosstown Apartments

6 apartments starting at $810/month

Evergreen Apartments

11 apartments starting at $825/month

Frayser Apartments

31 apartments starting at $795/month

Glenview Apartments

7 apartments starting at $875/month

Heights Apartments

15 apartments starting at $675/month

Hollywood Apartments

6 apartments starting at $650/month

Orange Mound Apartments

18 apartments starting at $695/month

Riverside Apartments

12 apartments starting at $700/month

Vollintine-Evergreen Apartments

19 apartments starting at $659/month

Nearby cities

Bartlett Apartments

16 apartments starting at $795/month

Collierville Apartments

5 apartments starting at $1,195/month

Germantown Apartments

10 apartments starting at $1,200/month

Horn Lake Apartments

22 apartments starting at $1,195/month

Jonesboro Apartments

34 apartments starting at $550/month

Olive Branch Apartments

12 apartments starting at $1,125/month

Oxford Apartments

6 apartments starting at $1,100/month

Southaven Apartments

28 apartments starting at $1,250/month

West Memphis Apartments

5 apartments starting at $645/month

Nearby universities

Apartments near Christian Brothers University

68 apartments starting at $550/month

Apartments near Rhodes College

53 apartments starting at $600/month

Apartments near Southwest Tennessee Community College

31 apartments starting at $695/month

Nearby metro areas

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299 apartments starting at $550/month

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929 apartments starting at $500/month

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