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The average rent in Memphis, as of July 2026, is up 7.66% compared to last month and up 8.22% year-over-year.
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5d+ ago
Verified
3 beds
2 baths
$2,299
$2,075
Price drop
House for rent
Available Apr 27
5d+ ago
Verified
3 beds
2 baths
$2,180
House for rent
Available Jun 25
1d ago
Condo for rent in Memphis
2 beds
2 baths
$1,850
Condo for rent
Available Aug 1
5d+ ago
House for rent in Memphis
3 beds
2.5 baths
$1,750
$1,600
Price drop
House for rent
5d+ ago
House for rent in Memphis
4916 Arlington Rd #NA, Memphis, FL 34221
In-unit laundry | Air conditioning | Garage parking
2 beds
2 baths
$3,200
House for rent
Available Aug 1
5d+ ago
House for rent in Memphis
4713 4th Ave E #1, Memphis, FL 34221
In-unit laundry | Air conditioning | On-site laundry
5 beds
2 baths
$2,500
House for rent
Available May 1
5d+ ago
Condo for rent in Memphis
4620 1st Ave E #4620, Memphis, FL 34221
In-unit laundry | Garage parking | Swimming pool
3 beds
3 baths
$1,950
Condo for rent
4d ago
Verified
1608 Fairway Trce #1608, Palmetto, FL 34221
In-unit laundry | Air conditioning | Garage parking
3 beds
2 baths
$2,350
Condo for rent
Available Aug 26
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5d+ ago
Verified
3 beds
2.5 baths
$3,300
House for rent
Available Sep 1
5d+ ago
Verified
3 beds
2 baths
$2,705
House for rent
Available Aug 24
Outdoor Space
Garage Parking
In-Unit Laundry
Swimming Pool
4d ago
Verified
4 beds
2 baths
$2,315
House for rent
Available Jul 16
5d+ ago
Verified
3 beds
2 baths
$2,510
$2,290
Price drop
House for rent
Available May 29
5d+ ago
Verified
4612 Coastal Storm Gln, Palmetto, FL 34221
Garage parking | Outdoor space
4 beds
2.5 baths
$2,495
House for rent
Available May 14
3d ago
Verified
2226 12th Ave E, Palmetto, FL 34221
Garage parking | Walk-in closets | High ceilings
3 beds
2 baths
$2,599
House for rent
Available Jul 21
5d+ ago
Condo for rent in Palmetto
2 beds
2 baths
$2,500
Condo for rent
4d ago
Apartment for rent in Palmetto
2005 Bayshore Rd #2005E, Palmetto, FL 34221
In-unit laundry | Outdoor space
1 bed
1 bath
$995
Apartment for rent
Available Jul 22
These rentals are 10%-30% cheaper than the local average price for similar rentals.
5d+ ago
House for rent in Ellenton
4 beds
2 baths
$2,474
House for rent
5d+ ago
House for rent in Palmetto
102 Riviera Dunes Way #N30, Palmetto, FL 34221
On-site laundry | Balcony | Assigned parking
Studio
0 baths
$800
House for rent
Available Jul 1
5d+ ago
Apartment for rent in Palmetto
522 10th St W #C, Palmetto, FL 34221
Air conditioning | On-site laundry | Assigned parking
2 beds
1 bath
$1,349
Apartment for rent
Available Jun 27
5d+ ago
House for rent in Palmetto
705 Hibiscus Ln, Palmetto, FL 34221
In-unit laundry | Furnished | Balcony
2 beds
2 baths
$1,750
House for rent
Available Jul 10
5d+ ago
House for rent in Palmetto
900 9th Ave E #98, Palmetto, FL 34221
In-unit laundry | Air conditioning | On-site laundry
2 beds
1.5 baths
$1,495
House for rent
Available Jun 23
5d+ ago
Apartment for rent in Palmetto
321 21st St W, Palmetto, FL 34221
In-unit laundry | Walk-in closets | Dishwasher
3 beds
2 baths
$2,300
Apartment for rent
5d+ ago
Apartment for rent in Palmetto
1 bed
1 bath
$1,395
Apartment for rent
5d+ ago
House for rent in Ellenton
1810 4th St E, Ellenton, FL 34221
In-unit laundry | Garage parking | On-site laundry
3 beds
3.5 baths
$9,000
House for rent
5d+ ago
House for rent in Palmetto
5185 Rocky Coast Pl #NA, Palmetto, FL 34221
In-unit laundry | Air conditioning | Garage parking
3 beds
2 baths
$2,450
House for rent
Available Jun 1
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Life in Memphis, FL, offers a mix of convenience and a laid-back atmosphere. Residents appreciate the relatively affordable housing and proximity to the coast, making it a desirable spot for those who enjoy outdoor activities. Local amenities, such as stores and dining options, are easily accessible, enhancing the charm of day-to-day living. However, some commonly mention that traffic can be a hassle, particularly during peak times, and that public transportation options could be improved. Overall, the balance of small-town life with nearby urban conveniences shapes the living experience here.
Memphis, Tennessee maintains a steady rental presence with an average of 11 listings available per month. Three-bedroom apartments make up the majority at 73% of available inventory, while two-bedroom units account for 18% of the market. Studios and one-bedroom apartments are relatively scarce, each representing only 9% of monthly listings.
Memphis renters will find amenities that address practical urban living needs. Both parking and pet-friendly policies are equally common, each available in 27% of listings, essential features for residents navigating city life with vehicles and companion animals. These averages offer a useful snapshot, though the live market may shift.
Memphis rental market centers around pet-friendly living and social connectivity, with Washington Park and Memphis neighborhoods leading both lifestyle categories. Washington Park generates nearly 20% more consumer interest than the market average, while Memphis attracts consistent renter attention across these key lifestyle preferences.
For social living enthusiasts, Washington Park and Memphis offer strong walkability through high walk scores and frequent transit options. The neighborhoods feature well-developed street infrastructure and substantial neighborhood populations that support active community engagement, making them ideal for renters seeking connected urban living.
Pet owners will find Washington Park and Memphis exceptionally accommodating, with comprehensive amenities including pet grooming services, dedicated pet spaces for beds, and no breed restrictions. These areas feature pet-safe windows, nearby pet supply stores, and outdoor spaces perfect for daily activities. Additional conveniences like pet events, pet waste stations, and specialized pet flooring create environments where both pets and owners thrive.
Washington Park and Memphis represent the most in-demand rental options, each averaging $1,060 per month for 1-bedroom apartments. Together, these neighborhoods account for nearly the entire Memphis rental market, with Memphis capturing 79% of available listings and Washington Park securing the remaining 20%.
For renters drawn to Memphis's combination of pet-accommodating amenities and socially connected neighborhoods, these areas offer comprehensive lifestyle options at consistent price points across the city's rental landscape.
Zumper’s proprietary rental data fuels our analysis. Rent and market trends, availability, neighborhood popularity, and lifestyle scores are all calculated using real-time and 2026 rental inventory and prices.
Our Lifestyle Categories ("great for eco-living," "great for social life," "great for pet owners," etc.) are determined by set criteria, against which we score each listing and its available features. At the neighborhood level, we calculate the listing count for each category to determine which lifestyles best fit each area.
Zumper, founded in 2012, is North America’s largest privately-owned rental platform, offering over 1 million listings across the U.S. and Canada. Stay informed on the latest trends and shifts in the rental market with our monthly National Rent Report, your go-to resource for key insights into the evolving rental landscape.
The average size of a 1 bedroom apartment rental in Memphis is 440 square feet. The average size of a 2 bedroom apartment rental in Memphis is 1283 square feet. The average size of a 3 bedroom apartment rental in Memphis is 1474 square feet.
To help you better understand how much rent you can afford, check out Zumper's rent calculator. Our rent calculator can help you learn more about Memphis average rent prices.
| 🔑Available apartment rentals | 25 |
|---|---|
| 💰Best rent deal | 102 Riviera Dunes Way #N30 |
| ✨Popular amenities | , , |
| 🧦In-unit laundry | |
| 🍽With dishwasher | |
| 🏠With photos |