Average Rent in Memphis, FL and Rent Price Trends

Rent trends in Memphis, FL

Average rent prices in Memphis have remained the same over the last month and have decreased by 8% 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 $1,508, whereas a house costs $2,127. 1-bedroom apartments in Memphis run $1,366 on average, while 2-bedroom apartments are $1,789.


Studio	$1,195	-	-
1 bedroom	$1,347	No Change	-
2 bedroom	$1,897	37%	17%
3 bedroom	$2,262	1%	10%
4 bedroom	$2,445	No Change	-

		Listings
Memphis	$1,699
Washington Park	$1,800


Apartments	$1,508	29%	No Change
Condos	$1,975	1%	-
Houses	$2,127	9%	No Change
Rooms	$1,542	-	-

Studio

Average rent

$1,195

1 bedroom

Average rent

$1,347

2 bedroom

Average rent

$1,897

Last 30 days

37%

Last year

17%

3 bedroom

Average rent

$2,262

Last 30 days

Last year

10%

4 bedroom

Average rent

$2,445

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$1,850

lower than the national median

Median rent price$1,772

lower than the national median

Takeaway

The median rent for all rentals in Memphis, FL is 4% higher than the median rent in Bay Pines, FL.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,772

$4,500

$3,100

$2,900

$2,415

$2,000

$2,200

$2,195

$7,470

$2,500

$1,562

$2,399

Discover rentals in Memphis, FL

5d+ ago

House for rent in Memphis

4633 1st Ave E, Memphis, FL 34221

3 beds

2.5 baths

$1,750

$1,600

Price drop

House for rent

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

Verified

312 48th St W Palmetto, FL 34221

312 48th St W, Memphis, FL 34221

3 beds

2 baths

$2,299

$2,075

Price drop

House for rent

Available Apr 27

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

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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 $1,850 per month as of July 18, 2026.

Is rent up or down in Memphis?

Average rent prices in Memphis have remained the same over the last month and have decreased by 8% since last year.

How does Memphis rent compare to the national average?

Rent in Memphis is 5% below the national average, which means renters are paying approximately $95 less per month.

What salary do I need to afford rent in Memphis?

To comfortably afford rent in Memphis, you'd need to earn approximately $74,000/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).