Average Rent in Memphis, FL and Rent Price Trends

Rent trends in Memphis, FL

Average rent prices in Memphis have increased by 7% over the last month and have increased by 6% 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 $1,467, whereas a house costs $2,350. 1-bedroom apartments in Memphis run $1,295 on average, while 2-bedroom apartments are $1,759.


Studio	$1,195	-	-
1 bedroom	$1,366	No Change	-
2 bedroom	$1,800	37%	12%
3 bedroom	$2,150	22%	35%
4 bedroom	$2,350	1%	-

		Listings
Memphis	$1,995
Washington Park	$1,759


Apartments	$1,467	29%	No Change
Condos	$1,987	1%	No Change
Houses	$2,350	15%	17%
Rooms	$1,352	-	-

Studio

Average rent

$1,195

1 bedroom

Average rent

$1,366

2 bedroom

Average rent

$1,800

Last 30 days

37%

Last year

12%

3 bedroom

Average rent

$2,150

Last 30 days

22%

Last year

35%

4 bedroom

Average rent

$2,350

Last 30 days

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$2,060

higher than the national median

Median rent price$1,750

lower than the national median

Takeaway

The median rent for all rentals in Memphis, FL is 18% higher than the median rent in Bay Pines, FL.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,750

$3,995

$3,075

$3,993

$2,330

$1,774

$2,202

$2,425

$7,367

$2,162

$1,750

$2,465

Discover rentals in Memphis, FL

5d+ ago

Verified

348 48th St W Palmetto, FL 34221

348 48th St W, Memphis, FL 34221

3 beds

2 baths

$2,120

$1,940

Price drop

House for rent

Available Aug 13

5d+ ago

House for rent in Memphis

4713 4th Avenue East - 1

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

5 beds

2 baths

$2,400

House for rent

Available May 1

Stay up to date with rental market insights

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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 $2,060 per month as of August 29, 2026.

Is rent up or down in Memphis?

Average rent prices in Memphis have increased by 7% over the last month and have increased by 6% since last year.

How does Memphis rent compare to the national average?

Rent in Memphis is 8% above the national average, which means renters are paying approximately $150 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 $82,000/year, based on spending no more than 30% of your income on rent.

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).