How much is the average rent in Memphis, TN for 1-bedroom and 2-bedroom apartments?

Memphis, Tennessee's 2025 rental market shows one-bedroom apartments averaging around $1,000 per month, while two-bedroom units also average around $1,000 per month. Both bedroom types experienced modest year-over-year changes, with one-bedrooms up 2.5% and two-bedrooms down 2.1% from 2024.

Are rents going up or down in Memphis, TN?

Overall, rent prices in Memphis have decreased by about 2%. Specifically, the cost for 1-bedroom apartments decreased slightly by less than 1%, and 2-bedroom apartments saw a decrease of about 2%.

When is the best time to look for an apartment in Memphis, TN?

December stands out as the optimal month for apartment hunting in Memphis, offering the lowest rents of the year and the least competition from other renters. July sees the highest rent while December provides approximately 5% savings compared to peak months, making winter searches particularly advantageous for budget-conscious renters.

What are the best neighborhoods to rent an apartment in Memphis, TN?

Memphis offers distinct neighborhood experiences depending on your lifestyle preferences. Victorian Village, South Main Historic District, Uptown Memphis, and New Pathways provide the best social scenes with high walk scores and abundant dining options. Pet owners should consider White Station-Yates, Cordova, Fenwick Road, and Walnut Creek for their pet-friendly amenities and nearby dog parks.

What areas of Memphis, TN are best for budget-conscious renters?

Memphis provides several affordable neighborhood options with rents well below the city median. Destiny Unlimited and Hollywood Hyde Park Springdale both offer one-bedroom apartments around $600 per month, running 37% below the city median. Magnolia Barksdale Civic Club, Alcy-Ball, and South Memphis Citizens United for Action also provide budget-friendly alternatives with median rents ranging from around $840 to $870.

Are there pet-friendly apartments in Memphis, TN?

Memphis welcomes pet owners with 52% of rental listings offering pet-friendly policies, reflecting the city's accommodating attitude toward four-legged residents. White Station-Yates, Cordova, Fenwick Road, and Walnut Creek neighborhoods specifically cater to pet owners with features like pet flooring, dedicated pet spaces, and nearby dog parks with waste stations.

Are utilities usually included in rent in Memphis, TN?

Utilities are rarely included in Memphis rental properties, appearing in less than 1% of total listings across all bedroom types. One-bedroom apartments have the highest rate of utility inclusion at 0.03% of listings, while studios, two-bedrooms, and three-bedrooms each include utilities in less than 0.02% of available rentals.

Luxury Apartments for Rent in Memphis, TN

899 rentals

1d ago

Verified

1044 Cross Wood Ln #A1, Memphis, TN 38018

Luxury | Walk-in closets | Garage parking

3 beds

2 baths

$1,845

House for rent

Available Jul 30

Top amenities

Ceiling Fan

On-Site Laundry

3d ago

Verified

1140 Casentino St, Memphis, TN 38018

Luxury | Walk-in closets | Garage parking

3 beds

2.5 baths

$2,300

House for rent

Available Jul 28

Top amenities

Ceiling Fan

Fireplace

5d+ ago

Verified

4385 Muskerry Cv, Memphis, TN 38125

Luxury | Garage parking | On-site laundry

3 beds

2 baths

$2,025

House for rent

Available Jul 27

Top amenities

Fireplace

High Ceilings

On-Site Laundry

5d+ ago

Verified

7733 Deerfield Trce, Memphis, TN 38133

Luxury | Walk-in closets | Garage parking

3 beds

2.5 baths

$2,065

$1,930

Price drop

House for rent

Available May 18

Top amenities

Ceiling Fan

5d+ ago

Verified

4570 Wood Fox Cv, Memphis, TN 38125

Luxury | Walk-in closets | Garage parking

4 beds

2.5 baths

$3,520

$2,425

Price drop

House for rent

Available Jun 22

Top amenities

Fireplace

Garage Parking

On-Site Laundry

5d+ ago

Verified

255 S Sanga Rd, Memphis, TN 38018

Luxury | Walk-in closets | Garage parking

3 beds

2 baths

$2,075

House for rent

Available Jun 25

Top amenities

Garage Parking

Hardwood Floor

On-Site Laundry

Nearby rental good for eco-living

$1,200–$2,015

125 Gayoso Ave

Nearby rental good for pet owners

$1,093–$3,771

2540 Broad Ave

5d+ ago

Verified

2793 Oak Barn Ln, Memphis, TN 38016

Luxury | Walk-in closets | Garage parking

3 beds

2.5 baths

$2,155

House for rent

Available Jul 23

Top amenities

Garage Parking

5d+ ago

Verified

1953 Concord Green Cv, Memphis, TN 38016

Luxury

3 beds

2.5 baths

$2,180

House for rent

Available Jul 22

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5d+ ago

Verified

1142 Red Fern Cir W

1142 Red Fern Cir W, Memphis, TN 38018

Luxury | Garage parking | On-site laundry

3 beds

2 baths

$1,935

$1,795

Price drop

House for rent

Available May 15

Top amenities

Fireplace

Garage Parking

On-Site Laundry

5d+ ago

Verified

7851 Fallstone Rd, Memphis, TN 38125

Luxury | Garage parking | On-site laundry

3 beds

2 baths

$1,930

House for rent

Available Jul 21

Top amenities

On-Site Laundry

Find sweet deals in Memphis

These rentals are 10%-30% cheaper than the local average price for similar rentals.

N/A

125 Gayoso Ave

$1,126–$1,798

One Dr. Martin Luther King Jr. Ave

N/A

1835 Union Ave

$750

190 Hawthorne St

5d+ ago

Verified

8170 Timber Knoll Ln, Memphis, TN 38018

Luxury | Walk-in closets | Garage parking

3 beds

2 baths

$1,825

House for rent

Available Jul 20

Top amenities

Garage Parking

On-Site Laundry

5d+ ago

Verified

9986 Cameron Ridge Trl, Memphis, TN 38016

Luxury | Walk-in closets | Garage parking

3 beds

2 baths

$2,010

House for rent

Available Jul 20

Top amenities

Ceiling Fan

High Ceilings

On-Site Laundry

5d+ ago

Verified

2691 Country Lawn Cv, Memphis, TN 38133

Luxury | Walk-in closets | On-site laundry

3 beds

2 baths

$1,895

House for rent

Available Jul 20

Top amenities

Ceiling Fan

On-Site Laundry

5d+ ago

Verified

120 Shelley Renee Ln, Memphis, TN 38018

Luxury | Walk-in closets | Garage parking

4 beds

2.5 baths

$2,435

House for rent

Available Jul 20

Top amenities

Ceiling Fan

On-Site Laundry

5d+ ago

Verified

1104 Fox Trace Cv, Memphis, TN 38018

Luxury | Walk-in closets | Garage parking

3 beds

2 baths

$1,935

House for rent

Available Jul 20

Top amenities

Ceiling Fan

Hardwood Floor

On-Site Laundry

5d+ ago

Verified

1625 Blackalder Cv, Memphis, TN 38016

Luxury | Walk-in closets | Garage parking

3 beds

2 baths

$2,260

House for rent

Available Jul 20

Top amenities

Fireplace

Garage Parking

Hardwood Floor

High Ceilings

5d+ ago

Verified

2717 Twisted Oak Cv N, Memphis, TN 38016

Luxury | Walk-in closets | Garage parking

3 beds

2 baths

$2,150

House for rent

Available May 26

Top amenities

Fireplace

Garage Parking

High Ceilings

On-Site Laundry

5d+ ago

Verified

6722 Finch Rd, Memphis, TN 38141

Luxury | Garage parking | On-site laundry

3 beds

2.5 baths

$2,950

$2,165

Price drop

House for rent

Available Jun 8

Top amenities

On-Site Laundry

5d+ ago

Verified

9728 Tucker Creek Cv, Memphis, TN 38018

Luxury | Walk-in closets | Garage parking

3 beds

2.5 baths

$2,065

$1,930

Price drop

House for rent

Available Jun 22

Top amenities

Fireplace

Garage Parking

On-Site Laundry

5d+ ago

Verified

5095 Autumn Morning Ln, Memphis, TN 38125

Luxury | Walk-in closets | Garage parking

3 beds

2 baths

$2,620

$1,990

Price drop

House for rent

Available Jul 24

Top amenities

Ceiling Fan

Hardwood Floor

High Ceilings

On-Site Laundry

5d+ ago

Verified

1112 Averett Ln, Memphis, TN 38018

Luxury | Walk-in closets | Garage parking

3 beds

2 baths

$2,580

$1,855

Price drop

House for rent

Available Jun 17

Top amenities

Fireplace

Hardwood Floor

On-Site Laundry

5d+ ago

Verified

784 Breeze Way, Memphis, TN 38018

Luxury | Walk-in closets | Garage parking

3 beds

2.5 baths

$1,880

House for rent

Available Jul 15

Top amenities

Ceiling Fan

On-Site Laundry

5d+ ago

Verified

8652 Sunnyvale St N, Memphis, TN 38018

Luxury

3 beds

2 baths

$2,105

House for rent

Available Jun 25

5d+ ago

Verified

10333 Cottage Oaks Dr, Memphis, TN 38016

Luxury | Walk-in closets | Garage parking

3 beds

2 baths

$1,990

$1,795

Price drop

House for rent

Available Apr 22

Top amenities

Garage Parking

High Ceilings

On-Site Laundry

5d+ ago

Verified

10178 Morning Hill Dr, Memphis, TN 38016

Luxury | Walk-in closets | Garage parking

3 beds

2 baths

$1,940

House for rent

Available Jul 14

Top amenities

Garage Parking

High Ceilings

On-Site Laundry

5d+ ago

Verified

7349 Portsmouth Cv, Memphis, TN 38125

Luxury | Walk-in closets | Garage parking

3 beds

2 baths

$1,845

House for rent

Available Jul 13

Top amenities

Ceiling Fan

High Ceilings

On-Site Laundry

5d+ ago

Verified

10050 Bloomsbury Ave, Memphis, TN 38016

Luxury | Walk-in closets | Garage parking

3 beds

2 baths

$2,065

House for rent

Available Jul 13

Top amenities

Garage Parking

5d+ ago

Verified

10352 Walden Pine Ct, Memphis, TN 38018

Luxury

3 beds

2 baths

$1,995

$1,850

Price drop

House for rent

Available Apr 16

5d+ ago

Verified

Luxury

3 beds

2 baths

$1,955

House for rent

Available Jul 10

5d+ ago

Verified

8565 Griffin Park Dr, Memphis, TN 38018

Luxury | Walk-in closets | Garage parking

3 beds

2.5 baths

$2,265

$2,165

Price drop

House for rent

Available Jul 10

Top amenities

On-Site Laundry

5d+ ago

Verified

10115 Cross Valley Dr, Memphis, TN 38018

Luxury | Garage parking | On-site laundry

3 beds

2.5 baths

$1,880

House for rent

Available May 21

Top amenities

Fireplace

Garage Parking

High Ceilings

On-Site Laundry

5d+ ago

Verified

4599 Tulip Bend Dr, Memphis, TN 38135

Luxury | Walk-in closets | Garage parking

3 beds

2.5 baths

$2,250

$2,095

Price drop

House for rent

Available Jun 18

Top amenities

Garage Parking

On-Site Laundry

5d+ ago

Verified

4880 Briona St, Memphis, TN 38125

Luxury | Garage parking | On-site laundry

3 beds

2.5 baths

$2,065

$1,965

Price drop

House for rent

Available Jul 7

Top amenities

Fireplace

On-Site Laundry

5d+ ago

Verified

9992 Cameron Ridge Trl, Memphis, TN 38016

Luxury | Walk-in closets | Garage parking

3 beds

2 baths

$1,855

House for rent

Available Jul 6

Top amenities

Ceiling Fan

Fireplace

On-Site Laundry

5d+ ago

Verified

10037 Notting Hill Rd, Memphis, TN 38016

Luxury | Walk-in closets | Garage parking

3 beds

2.5 baths

$1,955

House for rent

Available Jul 6

Top amenities

Ceiling Fan

On-Site Laundry

5d+ ago

Verified

600 Ashley Glen Cir W, Memphis, TN 38018

Luxury | Walk-in closets | Garage parking

3 beds

2.5 baths

$2,045

$1,930

Price drop

House for rent

Available Jul 6

Top amenities

Garage Parking

On-Site Laundry

5d+ ago

Verified

8730 Eagle View Dr, Memphis, TN 38018

Luxury | Walk-in closets | Garage parking

3 beds

2.5 baths

$2,070

$1,970

Price drop

House for rent

Available Jul 6

Top amenities

Ceiling Fan

Fireplace

On-Site Laundry

5d+ ago

Verified

8400 Timber Creek Dr, Memphis, TN 38018

Luxury | Walk-in closets | On-site laundry

3 beds

2 baths

$2,070

$1,910

Price drop

House for rent

Available Jul 2

Top amenities

On-Site Laundry

5d+ ago

Verified

1132 Hoska Cv, Memphis, TN 38018

Luxury | Walk-in closets | Garage parking

3 beds

2 baths

$2,280

$2,165

Price drop

House for rent

Available Jul 2

Top amenities

Ceiling Fan

Fireplace

Garage Parking

Hardwood Floor

On-Site Laundry

5d+ ago

Verified

10038 Chariden Dr, Memphis, TN 38016

Luxury | Garage parking | On-site laundry

3 beds

2.5 baths

$1,850

House for rent

Available May 26

Top amenities

Fireplace

On-Site Laundry

5d+ ago

Verified

10176 Eveninghill Dr, Memphis, TN 38016

Luxury | Walk-in closets | Garage parking

3 beds

2.5 baths

$2,185

$2,075

Price drop

House for rent

Available Jun 29

Top amenities

Ceiling Fan

5d+ ago

Verified

8969 Hertford Pl E, Memphis, TN 38016

Luxury | Walk-in closets | Garage parking

3 beds

2 baths

$2,220

House for rent

Available Jun 24

Top amenities

Fireplace

Garage Parking

5d+ ago

Verified

4252 Rainey Woods Dr, Memphis, TN 38125

Luxury

3 beds

2.5 baths

$2,090

House for rent

Available Jun 22

5d+ ago

Verified

5036 Brooksbank Cv S, Memphis, TN 38141

Luxury | Walk-in closets | Garage parking

3 beds

2 baths

$1,815

House for rent

Available May 28

Top amenities

Ceiling Fan

Garage Parking

On-Site Laundry

15h ago

Verified

4655 Tulip Creek Dr, Memphis, TN 38135

Luxury | Balcony | Swimming pool

3 beds

2 baths

$2,245

House for rent

Available May 29

Top amenities

On-Site Laundry

On-Site Management

Storage

Highly rated

1d ago

9.2

Excellent

Verified

99 S Front St

99 S Front St, Memphis, TN 38103

Luxury | Furnished

1–2 beds

1–2 baths

$1,620–$2,250

Apartment for rent

1d ago

Very good

Verified

205 Pasadena Pl

205 Pasadena Pl, Memphis, TN 38104

Luxury | Furnished

1–2 beds

1–2 baths

$1,810–$2,449

Apartment for rent

1d ago

9.2

Excellent

Verified

8293 George Brett Drive

8293 George Brett Dr, Memphis, TN 38018

Luxury | Furnished

2 beds

2 baths

$1,700–$1,842

Apartment for rent

1d ago

Very good

Verified

645 N Front St

645 N Front St, Memphis, TN 38107

Luxury | Furnished

1–2 beds

1–2 baths

$1,750–$2,655

Apartment for rent

1d ago

Very good

Verified

1544 Madison Ave

1544 Madison Ave, Memphis, TN 38104

Luxury | Furnished

1–2 beds

1–2 baths

$1,720–$2,350

Apartment for rent

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Home > Apartments in Memphis > Memphis Luxury Apartments For Rent

Updated: May 29, 2026

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