Bedroom count
Property type
Last updated on October 19, 2026
Last updated on October 19, 2026
Bedroom count
Property type
Median rent in Memphis
$1,656/mo
vs previous year
The average rent in Memphis is $1,656 per month as of October 2026. This is 13% below the national average rent, or $244 less per month.
average price per square foot
Available rentals in Memphis
16
for rent on Zumper.com as of October 2026
Share of Memphis rentals at each price point
Average rent prices in Memphis have decreased by 13% over the last month and have decreased by 23% since last year.
Rent prices on this page are calculated on a rolling 30-day basis and updated daily.
Rent prices in Memphis vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Memphis is $1,626, whereas a house costs $2,090. 1-bedroom apartments in Memphis run $1,350 on average, while 2-bedroom apartments are $1,795.
Listings | ||||
|---|---|---|---|---|
Studio | $995 | - | - | |
1 bedroom | $1,287 | No Change | 30% | |
2 bedroom | $1,847 | 20% | 20% | |
3 bedroom | $2,225 | 28% | 5% | |
4 bedroom | $2,447 | 3% | - |
Listings | ||
|---|---|---|
Memphis | $2,000 | |
Washington Park | $1,925 |
Listings | ||||
|---|---|---|---|---|
Apartments | $1,626 | 29% | 8% | |
Condos | $2,250 | 1% | 1% | |
Houses | $2,090 | 43% | 5% | |
Rooms | $1,577 | - | - |
Studio
Average rent
$995
1 bedroom
Average rent
$1,287
Last year
30%
2 bedroom
Average rent
$1,847
Last 30 days
20%
Last year
20%
3 bedroom
Average rent
$2,225
Last 30 days
28%
Last year
5%
4 bedroom
Average rent
$2,447
Last 30 days
3%
Memphis
Average rent
$2,000
Washington Park
Average rent
$1,925
Apartments
Average rent
$1,626
Last 30 days
29%
Last year
8%
Condos
Average rent
$2,250
Last 30 days
1%
Last year
1%
Houses
Average rent
$2,090
Last 30 days
43%
Last year
5%
Rooms
Average rent
$1,577
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.
Compare median rent prices in Memphis and Bay Pines by all bedroom counts and property types.
Memphis
lower than the national median
higher than the national median
Takeaway
The median rent for all rentals in Memphis, FL is 16% lower than the median rent in Bay Pines, FL.
Explore rent trends in neighboring markets
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Quick answers to common questions about the Memphis rental market.
The average rent in Memphis is $1,656 per month as of October 17, 2026.
Average rent prices in Memphis have decreased by 13% over the last month and have decreased by 23% since last year.
Rent in Memphis is 13% below the national average, which means renters are paying approximately $244 less per month.
To comfortably afford rent in Memphis, you'd need to earn approximately $66,000/year, based on spending no more than 30% of your income on rent.
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).