Bedroom count
Property type
Last updated on September 26, 2026
Average rent in
Memphis, TN
Average rent in
Last updated on September 26, 2026
Bedroom count
Property type
Key takeaways for renters
The bottom line
Memphis, TN rent slipped modestly year over year, with a current median of $1,275/month. Renters are paying $47 less per month than last year in a market that has hovered near its 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, offering a lower-cost option for renters in a mid-tier metro with 2,225 total rentals.
Price ranges
Studios in Memphis rent for $1,116/month, 1-bedrooms for $922/month, and 2-bedrooms for $975/month, with 3-bedrooms at $1,350/month and 4+ bedrooms at $1,650/month. This range reflects the diversity of rental options across bedroom sizes.
Neighborhood spotlight
Belle Meade rents fell 75.1% year over year to $995/month across 22 rentals, with Green Meadows Poplar Glen down 63.2% and Hedgemoor Civic Club down 59.4%. These declines stand in contrast to the broadly flat citywide market and show localized shifts in Memphis.
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 September 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
2,225
for rent on Zumper.com as of September 2026
Rent price distribution
Share of Memphis rentals at each price point
Rent trends in Memphis, TN
Average rent prices in Memphis have decreased by 1% over the last month and have decreased 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 $1,032, whereas a house costs $1,375. 1-bedroom apartments in Memphis run $1,000 on average, while 2-bedroom apartments are $970.
Listings | ||||
|---|---|---|---|---|
Studio | $1,116 | 2% | 19% | |
1 bedroom | $921 | 1% | 2% | |
2 bedroom | $975 | No Change | 6% | |
3 bedroom | $1,350 | 1% | 2% | |
4 bedroom | $1,650 |  2% | 7% |
Listings | ||
|---|---|---|
Alliance Of Cordova Neighborhoods | $1,830 | |
Binghampton Lester | $1,050 | |
Central Gardens | $1,516 | |
Countrywood | $1,840 | |
Messick Buntyn | $975 | |
New Pathways | $1,044 | |
Normal Station | $1,050 | |
Rhodes Hollywood Springdale Partnership | $1,100 | |
Southeast Memphis | $1,197 | |
Springhill Community Civic Club | $1,220 |
Listings | ||||
|---|---|---|---|---|
Apartments | $1,032 | 1% | No Change | |
Condos | $950 | 1% | No Change | |
Houses | $1,375 | 1% | No Change | |
Rooms | $813 | 9% | No Change |
Studio
Average rent
$1,116
Last 30 days
2%
Last year
19%
1 bedroom
Average rent
$921
Last 30 days
1%
Last year
2%
2 bedroom
Average rent
$975
Last 30 days
No Change
Last year
6%
3 bedroom
Average rent
$1,350
Last 30 days
1%
Last year
2%
4 bedroom
Average rent
$1,650
Last 30 days
2%
Last year
7%
Binghampton Lester
Average rent
$1,050
Springhill Community Civic Club
Average rent
$1,220
Southeast Memphis
Average rent
$1,197
New Pathways
Average rent
$1,044
Alliance Of Cordova Neighborhoods
Average rent
$1,830
Central Gardens
Average rent
$1,516
Countrywood
Average rent
$1,840
Normal Station
Average rent
$1,050
Rhodes Hollywood Springdale Partnership
Average rent
$1,100
Messick Buntyn
Average rent
$975
Apartments
Average rent
$1,032
Last 30 days
1%
Condos
Average rent
$950
Last 30 days
1%
Houses
Average rent
$1,375
Last 30 days
1%
Rooms
Average rent
$813
Last 30 days
9%
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
12%higher than the national median
Takeaway
The median rent for all rentals in Memphis, TN is 40% lower than the median rent in Arlington, TN.
Average rent in nearby cities
Explore rent trends in neighboring markets
$2,125
5%$1,995
2%$2,395
35%$1,750
1%$2,699
3%$1,499
1%$2,200
1%$1,195
19%$1,940
3%$1,850
1%$1,960
7%$950
9%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
Hollywood-Hyde Park-Springdale house for rent in Memphis
2 beds
2 baths
$495
House for rent
Available Sep 30
5d+ ago
Binghampton-Lester condo for rent in Memphis
810 Atlantic St #1, Memphis, TN 38112
2 beds
1 bath
$550
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
Apartment for rent
5d+ ago
Orange Mound Civic Orgganization condo for rent in Memphis
2 beds
1 bath
$550
Condo for rent
Available Jun 1
1d ago
Verified
4 beds
2 baths
$8,681
$7,526
Price drop
Apartment for rent
10h ago
Verified
7 Vance Ave, Memphis, TN 38103
Studio–3 beds
1–3 baths
$1,335–$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
3h ago
Verified
2540 Broad Ave, Memphis, TN 38112
Studio–2 beds
1–2 baths
$1,185–$3,182
Price drop
Apartment for rent
8h ago
Verified
2059 N Cabana Cir, Memphis, TN 38107
1–2 beds
1 bath
$659–$920
Apartment for rent
2d ago
Verified
3888 Autumn Ridge Ct, Memphis, TN 38115
2–3 beds
2 baths
$959–$1,409
Apartment for rent
5h ago
Verified
1835 Union Ave, Memphis, TN 38104
Studio–2 beds
1–2 baths
$1,324–$3,912
Apartment for rent
2d ago
Verified
3888 Autumn Ridge Ct, Memphis, TN 38115
2–3 beds
2 baths
$959–$1,409
Apartment for rent
16h ago
Verified
3 beds
2 baths
$1,780
House for rent
Available Sep 25
2d ago
Verified
4 beds
2 baths
$2,990
$2,050
Price drop
House for rent
Available Oct 20
3d ago
Verified
4 beds
2.5 baths
$2,080
$1,950
Price drop
House for rent
Available Aug 7
42m ago
Verified
3350 Hickory Hill Rd, Memphis, TN 38115
2–3 beds
1–2 baths
$899–$1,095
Apartment for rent
3h ago
Verified
2540 Broad Ave, Memphis, TN 38112
Studio–2 beds
1–2 baths
$1,185–$3,182
Price drop
Apartment for rent
2d ago
Verified
3888 Autumn Ridge Ct, Memphis, TN 38115
2–3 beds
2 baths
$959–$1,409
Apartment for rent
6h ago
Verified
125 Gayoso Ave, Memphis, TN 38103
Studio–2 beds
1–2 baths
$1,105–$1,720
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 September 19, 2026.
Is rent up or down in Memphis?
Average rent prices in Memphis have decreased by 1% over the last month and have decreased 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 Messick Buntyn ($975/mo), New Pathways ($1,044/mo), and Binghampton Lester ($1,050/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).