Average Rent in Memphis, FL and Rent Price Trends

Rent trends in Memphis, FL

Average rent prices in Memphis have increased by 4% over the last month and have decreased by 7% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in
Memphis, FL

Rent prices in Memphis vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Memphis is $1,617, whereas a house costs $2,075. 1-bedroom apartments in Memphis run $1,456 on average, while 2-bedroom apartments are $1,634.


1 bedroom	$1,199	90%	19%
2 bedroom	$2,300	15%	81%
3 bedroom	$1,982	1%	1%
4 bedroom	$2,435	16%	-

		Listings
Memphis	$1,965
Washington Park	$2,019


Apartments	$1,617	29%	No Change
Condos	$2,350	4%	No Change
Houses	$2,075	13%	No Change
Rooms	$822	-	-

1 bedroom

Average rent

$1,199

Last 30 days

90%

Last year

19%

2 bedroom

Average rent

$2,300

Last 30 days

15%

Last year

81%

3 bedroom

Average rent

$1,982

Last 30 days

Last year

4 bedroom

Average rent

$2,435

Last 30 days

16%

The table above reflects average rent prices in Memphis, FL, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Memphis, FL compare to other cities?

Compare median rent prices in Memphis and Bay Pines by all bedroom counts and property types.

Memphis

Median rent price$1,965

higher than the national median

Median rent price$1,650

15%

lower than the national median

Takeaway

The median rent for all rentals in Memphis, FL is 19% higher than the median rent in Bay Pines, FL.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,650

$2,750

$2,402

$3,600

$2,305

$2,650

$2,241

$2,225

$6,500

$2,750

$1,649

$2,350

Discover rentals in Memphis, FL

Age restricted

1d ago

House for rent in Memphis

105 49th Ct E, Memphis, FL 34221

3 beds

2 baths

$1,895

House for rent

Available Jun 4

5d+ ago

Condo for rent in Memphis

Condominium - PALMETTO, FL

4620 1st Ave E #4620, Memphis, FL 34221

3 beds

3 baths

$1,950

Condo for rent

5d+ ago

Washington Park house for rent in Memphis

Single Family Residence - PALMETTO, FL

1607 18th St E, Memphis, FL 34221

3 beds

1 bath

$1,950

House for rent

5d+ ago

House for rent in Memphis

4633 1st Ave E, Memphis, FL 34221

3 beds

2.5 baths

$1,965

House for rent

5d+ ago

Condo for rent in Memphis

Condominium - PALMETTO, FL

4721 1st Ave E #4721, Memphis, FL 34221

3 beds

2 baths

$2,000

Condo for rent

5d+ ago

House for rent in Memphis

4713 4th Avenue East - 1

4713 4th Ave E #1, Memphis, FL 34221

5 beds

2 baths

$2,500

House for rent

Available May 1

Stay up to date with rental market insights

National Rent Report

Canadian Rent Report

Annual Rent Report

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Frequently asked questions for Memphis, FL

Quick answers to common questions about the Memphis rental market.

How much is rent in Memphis?

The average rent in Memphis is $1,965 per month as of June 4, 2026.

Is rent up or down in Memphis?

Average rent prices in Memphis have increased by 4% over the last month and have decreased by 7% since last year.

How does Memphis rent compare to the national average?

Rent in Memphis is 1% above the national average, which means renters are paying approximately $15 more per month.

What salary do I need to afford rent in Memphis?

To comfortably afford rent in Memphis, you'd need to earn approximately $79,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Memphis?

Washington Park and Memphis stand out as the top rental neighborhoods, both offering 1-bedroom apartments at around $1,020 per month. Washington Park generates nearly 20% more consumer interest than the market average, making it the most in-demand area. Both neighborhoods excel in social connectivity with strong population density, diverse age distribution, and frequent transit options that create vibrant community atmospheres.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).