Bedroom count
Property type
Last updated on August 12, 2026
Average rent in
Memphis, TN
Average rent in
Last updated on August 12, 2026
Bedroom count
Property type
Key takeaways for renters
Where Memphis rent stands today
Memphis, TN rent slipped 3.2% year over year, with a current median of $1,275/month. Renters today are paying $67 less per month on average than last year, continuing a modest cooling trend since the peak in April 2025.
Compared to national trends
Memphis is roughly 1.3× more affordable than the $1,925/month national median, offering a lower-cost option for renters with 2,144 total rentals available across the city. This positions Memphis as an accessible market for renters seeking value.
Price ranges
Houses in Memphis rent for a median of $1,390/month while apartments sit at $995/month, reflecting the city's inventory composition where houses make up 74.1% of rentals. Studios run around $1,196/month, 1-bedrooms $895/month, and 3-bedrooms $1,350/month, providing a wide selection of rental prices.
Neighborhood spotlight
In Memphis, TN, Belle Meade rents fell 81.0% year over year to $950/month across 19 rentals. This decline is far steeper than the citywide 3.2% drop, marking a notable local market shift.
Median rent
Median rent in Memphis
$1,275/mo
3%vs previous year
The average rent in Memphis is $1,275 per month as of August 2026. This is 34% below the national average rent, or $650 less per month.
average price per square foot
Total rentals
Available rentals in Memphis
2,144
for rent on Zumper.com as of August 2026
Rent price distribution
Share of Memphis rentals at each price point
Rent trends in Memphis, TN
Average rent prices in Memphis have increased by 1% 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 $995, whereas a house costs $1,390. 1-bedroom apartments in Memphis run $950 on average, while 2-bedroom apartments are $950.
Listings | ||||
|---|---|---|---|---|
Studio | $1,196 | 3% | 19% | |
1 bedroom | $895 | No Change | 5% | |
2 bedroom | $960 | No Change | 8% | |
3 bedroom | $1,350 | No Change | 4% | |
4 bedroom | $1,690 | No Change | 3% |
Listings | ||
|---|---|---|
Alliance Of Cordova Neighborhoods | $1,892 | |
Binghampton Lester | $972 | |
Central Gardens | $1,471 | |
Colonial Acres | $1,475 | |
Countrywood | $1,880 | |
Gray's Creek | $1,815 | |
New Pathways | $1,298 | |
Normal Station | $1,010 | |
Southeast Memphis | $1,199 | |
Springhill Community Civic Club | $1,250 |
Listings | ||||
|---|---|---|---|---|
Apartments | $995 | No Change | No Change | |
Condos | $995 | 1% | No Change | |
Houses | $1,390 | No Change | No Change | |
Rooms | $792 |  2% | No Change |
Studio
Average rent
$1,196
Last 30 days
3%
Last year
19%
1 bedroom
Average rent
$895
Last 30 days
No Change
Last year
5%
2 bedroom
Average rent
$960
Last 30 days
No Change
Last year
8%
3 bedroom
Average rent
$1,350
Last 30 days
No Change
Last year
4%
4 bedroom
Average rent
$1,690
Last 30 days
No Change
Last year
3%
Binghampton Lester
Average rent
$972
Southeast Memphis
Average rent
$1,199
Central Gardens
Average rent
$1,471
Springhill Community Civic Club
Average rent
$1,250
Alliance Of Cordova Neighborhoods
Average rent
$1,892
New Pathways
Average rent
$1,298
Countrywood
Average rent
$1,880
Colonial Acres
Average rent
$1,475
Normal Station
Average rent
$1,010
Gray's Creek
Average rent
$1,815
Apartments
Average rent
$995
Last 30 days
No Change
Condos
Average rent
$995
Last 30 days
1%
Houses
Average rent
$1,390
Last 30 days
No Change
Rooms
Average rent
$792
Last 30 days
2%
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
13%higher than the national median
Takeaway
The median rent for all rentals in Memphis, TN is 41% lower than the median rent in Arlington, TN.
Average rent in nearby cities
Explore rent trends in neighboring markets
$2,177
2%$1,950
5%$2,495
19%$1,800
3%$2,750
13%$1,520
$2,092
2%$1,195
15%$1,980
3%$1,820
6%$1,865
6%$890
1%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
Hollywood-Hyde Park-Springdale house for rent in Memphis
2 beds
2 baths
$495
House for rent
Available Aug 31
5d+ ago
Orange Mound Civic Orgganization condo for rent in Memphis
2 beds
1 bath
$550
Condo for rent
Available Jun 1
3d ago
1875 Keltner Cir, Memphis, TN 38114
1–4 beds
1–2 baths
$575–$1,150
Apartment for rent
5d+ ago
Condo for rent in Memphis
2 beds
1 bath
$575
Condo for rent
Available Jul 29
4d ago
House for rent in Memphis
3 beds
3.5 baths
$10,000
House for rent
5h ago
Verified
7 Vance Ave, Memphis, TN 38103
Studio–3 beds
1–3 baths
$1,285–$3,450
Apartment for rent
5d+ ago
White Station-Yates house for rent in Memphis
415 S Yates Rd, Memphis, TN 38120
5 beds
5 baths
$5,000
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
13h ago
Verified
2059 N Cabana Cir, Memphis, TN 38107
1–2 beds
1 bath
$659–$920
Apartment for rent
22h ago
Verified
2540 Broad Ave, Memphis, TN 38112
Studio–2 beds
1–2 baths
$939–$3,655
Apartment for rent
4d ago
Verified
274 S Highland St, Memphis, TN 38111
1 bed
1 bath
$999–$1,050
Apartment for rent
Available Aug 12
6h ago
Verified
3888 Autumn Ridge Ct, Memphis, TN 38115
2–3 beds
2 baths
$922–$1,631
Apartment for rent
3h ago
Verified
125 Gayoso Ave, Memphis, TN 38103
Studio–2 beds
1–2 baths
$1,100–$1,740
Apartment for rent
21h ago
Verified
4 beds
2 baths
$2,060
House for rent
Available Aug 17
1d ago
Verified
4 beds
2 baths
$1,965
House for rent
Available Oct 12
2d ago
Verified
3 beds
2 baths
$1,770
House for rent
Available Oct 12
22h ago
Verified
2540 Broad Ave, Memphis, TN 38112
Studio–2 beds
1–2 baths
$939–$3,655
Apartment for rent
3d ago
Verified
3350 Hickory Hill Rd, Memphis, TN 38115
2–3 beds
1–2 baths
$899–$1,095
Apartment for rent
6h ago
Verified
3888 Autumn Ridge Ct, Memphis, TN 38115
2–3 beds
2 baths
$922–$1,631
Apartment for rent
3h ago
Verified
125 Gayoso Ave, Memphis, TN 38103
Studio–2 beds
1–2 baths
$1,100–$1,740
Apartment for rent
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, TN
Quick answers to common questions about the Memphis rental market.
How much is rent in Memphis?
The average rent in Memphis is $1,275 per month as of August 8, 2026.
Is rent up or down in Memphis?
Average rent prices in Memphis have increased by 1% 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 $650 less per month.
Which neighborhoods are most affordable in Memphis?
The most affordable neighborhoods in Memphis are Binghampton Lester ($972/mo), Normal Station ($1,010/mo), and Southeast Memphis ($1,199/mo).
What salary do I need to afford rent in Memphis?
To comfortably afford rent in Memphis, you'd need to earn approximately $51,000/year, based on spending no more than 30% of your income on rent.
When is the best time of year to rent in Memphis?
Based on Zumper's July 2026 data, one-bedroom apartments in Memphis average around $980/month and two-bedrooms approximately $990/month. Both bedroom types have come down from last year, with one-bedrooms dropping 7.6% and two-bedrooms falling 5.9% year over year.
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).