Average rent in
Memphis, TN

Rent comparables in
Memphis, TN

The monthly rent for an apartment in Memphis, TN is $999. A 1-bedroom apartment in Memphis, TN costs about $950 on average, while a 2-bedroom apartment is $950. Houses for rent in Memphis, TN are more expensive, with an average monthly cost of $1,395.

Bedrooms

Neighborhoods

Property types

Bedroom counts	Average rent	Last 30 days	Last year	Comparables
1 bedroom	$900	No Change	4%	View
2 bedroom	$985	1%	4%	View
3 bedroom	$1,350	1%	6%	View
4 bedroom	$1,700	1%	17%	View
Studio	$1,191	2%	12%	View

BedroomsNeighborhoodsProperty types

Studio

Average rent

$1,191

Last 30 days

2%

Last year

12%

View comparables

1 bedroom

Average rent

$900

Last 30 days

No Change

Last year

4%

View comparables

2 bedroom

Average rent

$985

Last 30 days

1%

Last year

4%

View comparables

3 bedroom

Average rent

$1,350

Last 30 days

1%

Last year

6%

View comparables

4 bedroom

Average rent

$1,700

Last 30 days

1%

Last year

17%

View comparables

The table above reflects average rent prices in Memphis, TN, 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.

More data insights and reports

National Rent Report

Canadian Rent Report

Annual Rent Report

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Average rent in
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$1,795

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$1,852

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$850

23%

Last year