Bedroom count
Property type
Last updated on June 28, 2026
Average rent in
Memphis, TN
Average rent in
Last updated on June 28, 2026
Bedroom count
Property type
Key takeaways for renters
The bottom line
Memphis, TN rent slipped 2.8% year over year, with a current median of $1,288/month. Renters today are paying $57 less per month on average than last year, while month-to-month rent is essentially flat.
Compared to national trends
Memphis sits 34.0% more affordable than the $1,950/month national median, offering a value-oriented market with 2,185 total rentals available across the city.
Price ranges
Studios in Memphis run around $1,214/month, 1-bedrooms around $895/month, and 2-bedrooms around $975/month, with 3-bedrooms at $1,372/month and 4+ bedrooms at $1,668/month. Houses rent for a median of $1,395/month, while apartments sit at $1,000/month, giving renters a wide range of price options.
Neighborhood spotlight
Old Hickory Hills Civic Club saw rents fall 76.4% year over year to $1,003/month across 24 rentals. This decline contrasts with the citywide drop of 2.8% and points to a localized cooldown in this neighborhood.
Median rent
Median rent in Memphis
$1,287/mo
3%vs previous year
The average rent in Memphis is $1,287 per month as of June 2026. This is 34% below the national average rent, or $662 less per month.
average price per square foot
Total rentals
Available rentals in Memphis
2,185
for rent on Zumper.com as of June 2026
Rent price distribution
Share of Memphis rentals at each price point
Rent trends in Memphis, TN
Average rent prices in Memphis have remained the same over the last month and have decreased by 3% 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, TN
Rent prices in Memphis vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Memphis is $1,000, whereas a house costs $1,395. 1-bedroom apartments in Memphis run $995 on average, while 2-bedroom apartments are $950.
Listings | ||||
|---|---|---|---|---|
Studio | $1,214 | 4% | 10% | |
1 bedroom | $895 |  1% | 4% | |
2 bedroom | $975 | 1% | 4% | |
3 bedroom | $1,372 | 1% | 4% | |
4 bedroom | $1,667 | 1% | 6% |
Listings | ||
|---|---|---|
Alliance Of Cordova Neighborhoods | $1,950 | |
Binghampton Lester | $1,022 | |
Central Gardens | $1,442 | |
Countrywood | $1,837 | |
Gray's Creek | $1,875 | |
New Pathways | $1,375 | |
Orange Mound Civic Orgganization | $1,197 | |
Rhodes Hollywood Springdale Partnership | $1,087 | |
Southeast Memphis | $1,220 | |
Springhill Community Civic Club | $1,195 |
Listings | ||||
|---|---|---|---|---|
Apartments | $1,000 | No Change | No Change | |
Condos | $1,050 | No Change | No Change | |
Houses | $1,395 | No Change | No Change | |
Rooms | $790 | 10% | No Change |
Studio
Average rent
$1,214
Last 30 days
4%
Last year
10%
1 bedroom
Average rent
$895
Last 30 days
1%
Last year
4%
2 bedroom
Average rent
$975
Last 30 days
1%
Last year
4%
3 bedroom
Average rent
$1,372
Last 30 days
1%
Last year
4%
4 bedroom
Average rent
$1,667
Last 30 days
1%
Last year
6%
Binghampton Lester
Average rent
$1,022
New Pathways
Average rent
$1,375
Southeast Memphis
Average rent
$1,220
Central Gardens
Average rent
$1,442
Alliance Of Cordova Neighborhoods
Average rent
$1,950
Springhill Community Civic Club
Average rent
$1,195
Countrywood
Average rent
$1,837
Gray's Creek
Average rent
$1,875
Rhodes Hollywood Springdale Partnership
Average rent
$1,087
Orange Mound Civic Orgganization
Average rent
$1,197
Apartments
Average rent
$1,000
Last 30 days
No Change
Condos
Average rent
$1,050
Last 30 days
No Change
Houses
Average rent
$1,395
Last 30 days
No Change
Rooms
Average rent
$790
Last 30 days
10%
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.
How does rent in Memphis, TN compare to other cities?
Compare median rent prices in Memphis and Arlington by all bedroom counts and property types.
Memphis
34%lower than the national median
15%higher than the national median
Takeaway
The median rent for all rentals in Memphis, TN is 43% lower than the median rent in Arlington, TN.
Average rent in nearby cities
Explore rent trends in neighboring markets
$2,245
4%$2,000
5%$2,405
1%$1,825
5%$2,750
8%$1,549
3%$2,170
7%$1,250
10%$2,000
1%$1,750
5%$1,962
4%$850
2%Cost of living in Memphis, TN
Explore the cost of essential expenses, and then use our rent calculator to find out how much rent you can afford.
Expenses accrued by most renters | Average cost compared to national average |
|---|---|
| Goods & Services | 7% lower |
| Groceries | 1% lower |
| Health | 18% lower |
| Housing | 16% lower |
| Transportation | 14% lower |
| Utilities | 16% lower |
Discover rentals in Memphis, TN
5d+ ago
Cordova apartment for rent in Memphis
1175 Vickery Ln #202, Memphis, TN 38016
Studio
0 baths
$450
Apartment for rent
Available Feb 13
5d+ ago
Orange Mound Civic Orgganization condo for rent in Memphis
2 beds
1 bath
$550
Condo for rent
Available Jun 1
5d+ ago
House for rent in Memphis
1677 Echles St, Memphis, TN 38111
2 beds
2 baths
$575
House for rent
2d ago
Frayser apartment for rent in Memphis
2 beds
1 bath
$595
Apartment for rent
Available Jun 25
5d+ ago
House for rent in Memphis
5711 Shady Grove Rd, Memphis, TN 38120
5 beds
4.5 baths
$6,200
House for rent
3h ago
Verified
7 Vance Ave, Memphis, TN 38103
Studio–3 beds
1–3 baths
$1,285–$5,900
Apartment for rent
5d+ ago
White Station-Yates house for rent in Memphis
415 S Yates Rd, Memphis, TN 38120
5 beds
5 baths
$5,500
House for rent
5d+ ago
Central Gardens house for rent in Memphis
1515 Goodbar Ave, Memphis, TN 38104
5 beds
3.5 baths
$4,900
House for rent
1d ago
Verified
2059 N Cabana Cir, Memphis, TN 38107
1–2 beds
1 bath
$659–$920
Apartment for rent
1d ago
Verified
2540 Broad Ave, Memphis, TN 38112
Studio–2 beds
1–2 baths
$1,001–$3,482
Price drop
Apartment for rent
3d ago
Verified
274 S Highland St, Memphis, TN 38111
1 bed
1 bath
$999–$1,050
Apartment for rent
Available Jun 27
3d ago
Verified
3888 Autumn Ridge Ct, Memphis, TN 38115
2–3 beds
2 baths
$919–$1,449
Apartment for rent
3d ago
Verified
3888 Autumn Ridge Ct, Memphis, TN 38115
2–3 beds
2 baths
$919–$1,449
Apartment for rent
17h ago
Verified
4 beds
2 baths
$1,760
House for rent
Available Jun 2
1d ago
Verified
3 beds
2.5 baths
$1,835
$1,735
Price drop
House for rent
Available May 26
2d ago
Verified
3 beds
2 baths
$1,620
House for rent
Available Aug 27
19h ago
Verified
3350 Hickory Hill Rd, Memphis, TN 38115
2–3 beds
1–2 baths
$899–$1,095
Apartment for rent
2d ago
Verified
2540 Broad Ave, Memphis, TN 38112
Studio–1 bed
1 bath
$1,001–$2,383
Price drop
Apartment for rent
2d ago
Verified
2059 N Cabana Cir, Memphis, TN 38107
2 beds
1 bath
$659–$759
Apartment for rent
3d ago
Verified
3888 Autumn Ridge Ct, Memphis, TN 38115
2–3 beds
2 baths
$919–$1,449
Apartment for rent
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Frequently asked questions for Memphis, TN
Quick answers to common questions about the Memphis rental market.
How much is rent in Memphis?
The average rent in Memphis is $1,287 per month as of June 27, 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 3% since last year.
How does Memphis rent compare to the national average?
Rent in Memphis is 34% below the national average, which means renters are paying approximately $662 less per month.
Which neighborhoods are most affordable in Memphis?
The most affordable neighborhoods in Memphis are Binghampton Lester ($1,022/mo), Rhodes Hollywood Springdale Partnership ($1,087/mo), and Springhill Community Civic Club ($1,195/mo).
What salary do I need to afford rent in Memphis?
To comfortably afford rent in Memphis, you'd need to earn approximately $52,000/year, based on spending no more than 30% of your income on rent.
When is the best time of year to rent in Memphis?
Memphis, Tennessee's 2025 rental market shows one-bedroom apartments averaging around $1,000 per month, while two-bedroom units also average around $1,000 per month. Both bedroom types experienced modest year-over-year changes, with one-bedrooms up 2.5% and two-bedrooms down 2.1% from 2024.
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).