Last updated on October 19, 2026

Average rent in
Memphis, FL

Median rent

Median rent in Memphis

$1,656/mo

decreased by23%

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.

$1.57

average price per square foot

Total rentals

Available rentals in Memphis

16

for rent on Zumper.com as of October 2026

Rent price distribution

Share of Memphis rentals at each price point

55%41%28%14%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Memphis, FL

Average rent prices in Memphis have decreased by 13% over the last month and have decreased by 23% 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 $1,626, 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%

-

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%

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$1,656
decreased by13%

lower than the national median

Median rent price$1,972
increased by4%

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.

Discover rentals in Memphis, FL

420 49th St E - Photo 1 of 1

5d+ ago

House for rent in Memphis

1 bed

1 bath

$750

1712 18th St E - Photo 1 of 1

5d+ ago

Washington Park house for rent in Memphis

3 beds

2 baths

$1,880

Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.
1706 17th Avenue Dr E - Photo 1 of 1

2d ago

Washington Park house for rent in Memphis

3 beds

2 baths

$1,900

Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.
412 28th St W #0 - Photo 1 of 1

5d+ ago

Condo for rent in Memphis

Residential Lease, PALMETTO, FL

412 28th St W #0, Memphis, FL 34221

3 beds

2 baths

$2,250

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

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 $1,656 per month as of October 17, 2026.

Is rent up or down in Memphis?

Average rent prices in Memphis have decreased by 13% over the last month and have decreased by 23% since last year.

How does Memphis rent compare to the national average?

Rent in Memphis is 13% below the national average, which means renters are paying approximately $244 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 $66,000/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).

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