Bedroom count
Property type
Last updated on November 10, 2026
Average rent in
Memphis, TN
Average rent in
Last updated on November 10, 2026
Bedroom count
Property type
Key takeaways for renters
Where Memphis rent stands today
Memphis, TN rent rose 2.0% year over year, with a current median of $1,275/month. Renters today are paying $25 more per month on average than last year, with rents close to the recent peak of $1,300/month in April 2025.
Compared to national trends
Memphis sits 32.9% more affordable than the $1,900/month national median, making it an accessible market for renters seeking value. The city offers 2,134 total rentals across a broad inventory.
Price ranges
In Memphis, studios rent around $1,126/month, 1-bedrooms at $900/month, and 2-bedrooms at $975/month, with 3-bedrooms at $1,350/month and 4+ bedrooms at $1,600/month. Houses command a median of $1,351/month while apartments sit at $1,000/month, reflecting the city's housing-dominant rental inventory.
Neighborhood spotlight
Red Acres rents fell 70.7% year over year to $1,000/month across 22 rentals, with Hein Park and Belle Meade also seeing declines over 60%. This contrasts with the overall citywide rise of 2.0%, showing a localized cooldown in these neighborhoods.
Median rent
Median rent in Memphis
$1,275/mo
2%vs previous year
The average rent in Memphis is $1,275 per month as of November 2026. This is 33% below the national average rent, or $625 less per month.
average price per square foot
Total rentals
Available rentals in Memphis
2,134
for rent on Zumper.com as of November 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 increased by 2% 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 $1,351. 1-bedroom apartments in Memphis run $995 on average, while 2-bedroom apartments are $950.
Listings | ||||
|---|---|---|---|---|
Studio | $1,125 | 1% |  5% | |
1 bedroom | $899 | 2% | 7% | |
2 bedroom | $975 | No Change | 5% | |
3 bedroom | $1,350 | No Change | 3% | |
4 bedroom | $1,600 | 2% | 6% |
Listings | ||
|---|---|---|
Alliance Of Cordova Neighborhoods | $1,855 | |
Binghampton Lester | $1,003 | |
Central Gardens | $1,556 | |
Countrywood | $1,750 | |
New Pathways | $1,132 | |
Normal Station | $1,065 | |
Orange Mound Civic Orgganization | $1,050 | |
Rhodes Hollywood Springdale Partnership | $1,085 | |
Southeast Memphis | $1,172 | |
Springhill Community Civic Club | $1,220 |
Listings | ||||
|---|---|---|---|---|
Apartments | $1,000 | No Change | 9% | |
Condos | $950 | No Change | 14% | |
Houses | $1,351 | No Change | 1% | |
Rooms | $771 | 26% | - |
Studio
Average rent
$1,125
Last 30 days
1%
Last year
5%
1 bedroom
Average rent
$899
Last 30 days
2%
Last year
7%
2 bedroom
Average rent
$975
Last year
5%
3 bedroom
Average rent
$1,350
Last year
3%
4 bedroom
Average rent
$1,600
Last 30 days
2%
Last year
6%
Binghampton Lester
Average rent
$1,003
Springhill Community Civic Club
Average rent
$1,220
Southeast Memphis
Average rent
$1,172
Central Gardens
Average rent
$1,556
New Pathways
Average rent
$1,132
Alliance Of Cordova Neighborhoods
Average rent
$1,855
Orange Mound Civic Orgganization
Average rent
$1,050
Normal Station
Average rent
$1,065
Countrywood
Average rent
$1,750
Rhodes Hollywood Springdale Partnership
Average rent
$1,085
Apartments
Average rent
$1,000
Last 30 days
No Change
Last year
9%
Condos
Average rent
$950
Last year
14%
Houses
Average rent
$1,351
Last year
1%
Rooms
Average rent
$771
Last 30 days
26%
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
33%lower than the national median
4%higher than the national median
Takeaway
The median rent for all rentals in Memphis, TN is 35% lower than the median rent in Arlington, TN.
Average rent in nearby cities
Explore rent trends in neighboring markets
$1,975
7%$1,973
4%$2,382
32%$1,750
3%$2,585
$1,497
1%$2,212
4%$1,420
16%$2,065
9%$1,865
7%$1,850
1%$975
15%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 | 2% lower |
| Health | 17% lower |
| Housing | 17% lower |
| Transportation | 13% lower |
| Utilities | 16% lower |
Discover rentals in Memphis, TN
5d+ ago
304 Scott St, Memphis, TN 38112
1 bed
1 bath
$455
Total Monthly Price. The price shown includes base rent and all known required monthly fees, based on information provided by the property.Apartment for rent
5d+ ago
South Memphis Citizens United for Action apartment for rent in Memphis
2 beds
1 bath
$499
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.Apartment for rent
Available Aug 5
5d+ ago
Binghampton-Lester condo for rent in Memphis
810 Atlantic St #1, Memphis, TN 38112
2 beds
1 bath
$550
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Condo for rent
Available Sep 25
5d+ ago
Hollywood-Hyde Park-Springdale apartment for rent in Memphis
2115 Hunter Ave, Memphis, TN 38108
2 beds
1 bath
$550
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Apartment for rent
9h ago
Verified
309 N Mclean Blvd, Memphis, TN 38112
2–5 beds
2–4 baths
$3,135–$6,204
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Apartment for rent
19h ago
Verified
7 Vance Ave, Memphis, TN 38103
Studio–3 beds
1–3 baths
$1,585–$4,970
Total Monthly Price. The price shown reflects a 12-month lease and includes base rent and all known required monthly fees, based on information provided by the property.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
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.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
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.House for rent
8h ago
Verified
2540 Broad Ave, Memphis, TN 38112
Studio–2 beds
1–2 baths
$1,266–$3,103
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.Apartment for rent
1d ago
Verified
2059 N Cabana Cir, Memphis, TN 38107
1–2 beds
1 bath
$659–$920
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Apartment for rent
3d ago
Verified
3888 Autumn Ridge Ct, Memphis, TN 38115
2–3 beds
2 baths
$1,001–$1,386
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.Apartment for rent
7m ago
Verified
125 Gayoso Ave, Memphis, TN 38103
Studio–2 beds
1–2 baths
$1,110–$2,155
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.Apartment for rent
1d ago
Verified
2059 N Cabana Cir, Memphis, TN 38107
1–2 beds
1 bath
$659–$920
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Apartment for rent
1d ago
Verified
3 beds
2.5 baths
$1,670
Total Monthly Price. The price shown includes base rent and all known required monthly fees, based on information provided by the property.House for rent
Available Nov 5
2d ago
Verified
3 beds
2 baths
$1,690
Total Monthly Price. The price shown includes base rent and all known required monthly fees, based on information provided by the property.House for rent
Available Jan 11
4d ago
Verified
3 beds
2 baths
$1,735
Price dropped $685Total Monthly Price. The price shown includes base rent and all known required monthly fees, based on information provided by the property.House for rent
Available Dec 18
8h ago
Verified
2540 Broad Ave, Memphis, TN 38112
Studio–2 beds
1–2 baths
$1,266–$3,103
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.Apartment for rent
3d ago
Verified
3350 Hickory Hill Rd, Memphis, TN 38115
2–3 beds
1–2 baths
$899–$1,095
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.Apartment for rent
3d ago
Verified
2059 N Cabana Cir, Memphis, TN 38107
1–2 beds
1 bath
$659–$759
Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.Apartment for rent
3d ago
Verified
3888 Autumn Ridge Ct, Memphis, TN 38115
2–3 beds
2 baths
$1,001–$1,386
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.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 $1,275 per month as of November 7, 2026.
Is rent up or down in Memphis?
Average rent prices in Memphis have increased by 1% over the last month and have increased by 2% since last year.
How does Memphis rent compare to the national average?
Rent in Memphis is 33% below the national average, which means renters are paying approximately $625 less per month.
Which neighborhoods are most affordable in Memphis?
The most affordable neighborhoods in Memphis are Binghampton Lester ($1,003/mo), Orange Mound Civic Orgganization ($1,050/mo), and Normal Station ($1,065/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?
December stands out as the best time to apartment hunt in Memphis, offering the lowest rents of the year and the least competitive market conditions. July sees the highest rents, with roughly 5.3% difference between peak and off-peak months.
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).