Apartments for Rent in Hollywood-Hyde Park-Springdale, Memphis, TN

Hollywood-Hyde Park-Springdale, Memphis apartment availability

Hollywood-Hyde Park-Springdale's rental market offers a good selection of listings, with an average of around 12 rentals available each month. The neighborhood's rental inventory primarily consists of 2-bedroom and 3-bedroom apartments, with a smaller number of 1-bedroom apartments and studios. Many of these apartments are pet-friendly, with some allowing small dogs or having specific pet restrictions. This makes Hollywood-Hyde Park-Springdale a suitable option for renters with pets. With its varied housing options and accommodating pet policies, this neighborhood is worth considering for those looking for a place to call home in Memphis.

Hollywood-Hyde Park-Springdale, Memphis rental market trends

The Hollywood-Hyde Park-Springdale neighborhood in Memphis has experienced a significant shift in rent prices in 2024. The average monthly rent across all property types has decreased by 100% year-over-year to $1,040. This decline is consistent across all bed counts, with 1-bedrooms averaging $662, 2-bedrooms averaging $893, and 3-bedrooms averaging $1,110. Studios have also seen a substantial decrease, now renting for $495 on average.

Rent prices in the area fluctuate throughout the year, with January being the most expensive month and April being the least expensive. The rent increase from April to January is approximately 49%. For renters looking for a more affordable option, April may be the best time to find a deal. However, it's essential to note that the rental market in Hollywood-Hyde Park-Springdale is highly variable, and prices may change rapidly.

Why Hollywood-Hyde Park-Springdale, Memphis is a great place to live

Hollywood-Hyde Park-Springdale is a top choice for renters prioritizing social living in Memphis. According to 2024 data, the neighborhood's walk score, transit frequency, and safety features make it an ideal spot for those who value being out and about with friends. The area's street infrastructure and diverse age distribution also contribute to its vibrant social atmosphere. With these factors combined, Hollywood-Hyde Park-Springdale stands out as a prime location for renters seeking a lively community in Memphis.