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.

Short Term Rentals in Memphis, TN

290 rentals

Airbnb-friendly

3D tour

6h ago

8.3

Very good

Walnut Hill Apartments

8920 Walnut Grove Rd, Memphis, TN 38018

Short term | In-unit laundry | Garage parking

1–3 beds

1–2 baths

$1,223–$2,988

Price drop

Apartment for rent

Available May 31

Top amenities

Hardwood Floor

High Ceilings

In-Unit Laundry

On-Site Laundry

Residents Lounge

Storage

Stonebridge Crossing Apartments - Photo 1 of 1

Airbnb-friendly

3D tour

9h ago

8.8

Very good

Stonebridge Crossing Apartments

9135 Morning Ridge Rd, Memphis, TN 38016

Short term | In-unit laundry | On-site laundry

1–3 beds

1–2 baths

$977–$2,556

Apartment for rent

Available May 31

Top amenities

Ceiling Fan

Fireplace

Hardwood Floor

In-Unit Laundry

Residents Lounge

Storage

Villas at Houston Levee East - Photo 1 of 1

Rent special

1d ago

8.5

Very good

Villas at Houston Levee East

10107 Havanese Ln, Memphis, TN 38016

Short term | In-unit laundry | Garage parking

1–3 beds

1–2 baths

$1,175–$1,950

Apartment for rent

Top amenities

Ceiling Fan

Fitness Center

High Ceilings

Microwave

On-Site Laundry

Residents Lounge

1d ago

Short Term Rangeline house for rent in Memphis

2182 Durham Ave, Memphis, TN 38127

Short term | Air conditioning | Carpet

2 beds

1.5 baths

$850

House for rent

Available Jun 1

Rent special

1d ago

8.8

Very good

Azur Tower

305 S Bellevue Blvd, Memphis, TN 38104

Short term | Air conditioning

1–2 beds

1 bath

$798–$1,128

Apartment for rent

Arbors River Oaks Apartments - Photo 1 of 1

Airbnb-friendly

3D tour

1d ago

8.8

Very good

Arbors River Oaks Apartments

225 Arbor Commons Cir, Memphis, TN 38120

Short term | In-unit laundry | Balcony

1–3 beds

1–2 baths

$1,466–$3,789

Apartment for rent

Available May 31

Top amenities

Ceiling Fan

Fireplace

Fitness Center

In-Unit Laundry

Residents Lounge

Swimming Pool

Nearby rental good for eco-living

$1,025

1589 Castalia St

Nearby rental good for pet owners

$1,223–$2,988

8920 Walnut Grove Rd

Highly rated

Rent special

2d ago

8.2

Very good

The View at Shelby Farms

8056 Country Squire Ln, Memphis, TN 38018

Short term | High ceilings

1–2 beds

1–2 baths

$987–$1,199

Apartment for rent

Rent special

2d ago

8.5

Very good

Abington

4616 Scott Crossing Dr, Memphis, TN 38128

Short term | Air conditioning | Balcony

2 beds

1 bath

$975

Apartment for rent

Top amenities

Fitness Center

On-Site Management

Rent an Airbnb‑friendly apartment.

Earn

extra money.

Airbnb-friendly apartments allow residents to earn extra money from hosting on Airbnb part-time.
Learn more on Airbnb

3d ago

9.2

Excellent

Verified

8293 George Brett Drive

8293 George Brett Dr, Memphis, TN 38018

Short term | Furnished

2 beds

2 baths

$1,700–$1,842

Apartment for rent

Highly rated

3d ago

9.2

Excellent

Verified

99 S Front St

99 S Front St, Memphis, TN 38103

Short term | Furnished

1–2 beds

1–2 baths

$1,620–$2,250

Apartment for rent

Find sweet deals in Memphis

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

$1,375–$1,650

10107 Havanese Ln

$1,370–$2,556

9135 Morning Ridge Rd

$987–$1,199

8056 Country Squire Ln

$975

4616 Scott Crossing Dr

3d ago

Very good

Verified

1544 Madison Ave

1544 Madison Ave, Memphis, TN 38104

Short term | Furnished

1–2 beds

1–2 baths

$1,720–$2,350

Apartment for rent

3d ago

Very good

Verified

645 N Front St

645 N Front St, Memphis, TN 38107

Short term | Furnished

1–2 beds

1–2 baths

$1,750–$2,655

Apartment for rent

3d ago

Very good

Verified

205 Pasadena Pl

205 Pasadena Pl, Memphis, TN 38104

Short term | Furnished

1–2 beds

1–2 baths

$1,810–$2,449

Apartment for rent

3d ago

Very good

Verified

711 N Front St

711 N Front St, Memphis, TN 38107

Short term | Furnished

1–2 beds

1–2 baths

$1,735–$2,610

Apartment for rent

4d ago

8.4

Very good

Highland Hills

2831 Fosterwood Dr, Memphis, TN 38115

Short term | Air conditioning | On-site laundry

1–3 beds

1–2 baths

$1,000–$1,400

Apartment for rent

Top amenities

Air Conditioning

Fireplace

On-Site Laundry

On-Site Management

Residents Lounge

Swimming Pool

Rent special

4d ago

8.8

Very good

Epping Way

2690 Drury Way Ln, Memphis, TN 38128

Short term | Air conditioning | Balcony

1–3 beds

1–2 baths

$785–$975

Apartment for rent

Top amenities

Air Conditioning

Carpet

Ceiling Fan

Hardwood Floor

On-Site Management

Rent special

4d ago

8.8

Very good

Highland Chateau

5246 Raleigh Lagrange Rd, Memphis, TN 38134

Short term | In-unit laundry | Air conditioning

1–3 beds

1–2 baths

$880–$1,150

Apartment for rent

Top amenities

Air Conditioning

In-Unit Laundry

On-Site Management

Swimming Pool

Rent special

4d ago

8.8

Very good

Country View

3990 Stephanie Ln, Memphis, TN 38128

Short term | In-unit laundry | Air conditioning

1–3 beds

1–2 baths

$750–$975

Apartment for rent

Top amenities

Air Conditioning

Controlled Access

Dishwasher

In-Unit Laundry

On-Site Laundry

On-Site Management

Rent special

4d ago

8.8

Very good

Jamesbridge

3815 N Advantage Way Dr, Memphis, TN 38128

Short term | In-unit laundry | Balcony

1–2 beds

1–2 baths

$760–$907

Apartment for rent

Top amenities

Fireplace

In-Unit Laundry

On-Site Management

5d+ ago

Short Term Rhodes Hollywood Springdale Partnership house for rent in Memphis

Casa De Vandale

2483 Vandale Ave, Memphis, TN 38108

Short term | In-unit laundry | Furnished

1 bed

1 bath

$650

House for rent

Available Jan 11

Top amenities

Cable

Dishwasher

In-Unit Laundry

On-Site Laundry

5d+ ago

Short Term Riverview apartment for rent in Memphis

Cozy apartment

2183 Kansas St, Memphis, TN 38109

Short term | In-unit laundry | Outdoor space

1 bed

1 bath

$590

Apartment for rent

Available May 8

Top amenities

In-Unit Laundry

5d+ ago

Short Term apartment for rent in Memphis

1400.00 - Furnished unit with all utilities and WIFI included

1534 N Parkway #1, Memphis, TN 38112

Short term | In-unit laundry | Air conditioning

1 bed

1 bath

$1,400

Apartment for rent

Available May 10

Top amenities

Air Conditioning

Central Heat

Dishwasher

In-Unit Laundry

5d+ ago

Short Term Magnolia Barksdale Civic Club house for rent in Memphis

1589 Castalia

1589 Castalia St, Memphis, TN 38114

Short term | In-unit laundry | Air conditioning

2 beds

1 bath

$1,025

House for rent

Available Jun 5

Top amenities

In-Unit Laundry

On-Site Laundry

5d+ ago

Short Term Evergreen Historic District apartment for rent in Memphis

1607 Forest Ave, Memphis, TN 38112

Short term | In-unit laundry | Furnished

2 beds

2 baths

$1,725

Apartment for rent

Available Apr 15

Top amenities

Central Heat

Furnished

Hardwood Floor

In-Unit Laundry

On-Site Laundry

Storage

5d+ ago

Short Term house for rent in Memphis

5 min from U of M Fully Furnished Room Rental *Shared Housing*

2766 Union Ave, Memphis, TN 38111

Short term | In-unit laundry | Furnished

1 bed

1 bath

$750

House for rent

Available May 8

Top amenities

Hardwood Floor

In-Unit Laundry

Microwave

On-Site Laundry

5d+ ago

Short Term Evergreen Historic District apartment for rent in Memphis

1609 Forest Ave, Memphis, TN 38112

Short term | In-unit laundry | Furnished

2 beds

1 bath

$1,725

Apartment for rent

Available Apr 18

Top amenities

Ceiling Fan

Central Heat

Dishwasher

Furnished

On-Site Laundry

Storage

5d+ ago

Short Term Gray's Creek house for rent in Memphis

King Size With Master suite/Primary suite #3

1504 Pemberton Ln, Memphis, TN 38016

Short term | In-unit laundry | Furnished

1 bed

1 bath

$925

House for rent

Available Nov 11

Top amenities

Furnished

High Ceilings

In-Unit Laundry

Microwave

On-Site Laundry

5d+ ago

Short Term North Memphis Concerned Citizens apartment for rent in Memphis

Short term | In-unit laundry | Furnished

2 beds

1 bath

$1,850

Apartment for rent

Available Aug 14

Top amenities

Fireplace

In-Unit Laundry

5d+ ago

Short Term Midtown-Central apartment for rent in Memphis

Short term | In-unit laundry | Furnished

2 beds

1 bath

$1,750

Apartment for rent

Available Aug 15

Top amenities

Dishwasher

Furnished

In-Unit Laundry

Showing 1 - 29 of 29 results

Home > Apartments in Memphis > Memphis Short term rentals

Updated: May 31, 2026

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