Average rent in
Memphis, TN

Rent comparables in
Memphis, TN

The monthly rent for an apartment in Memphis, TN is $1,075. A 1-bedroom apartment in Memphis, TN costs about $1,000 on average, while a 2-bedroom apartment is $1,035. Houses for rent in Memphis, TN are more expensive, with an average monthly cost of $1,300.

Bedrooms

Neighborhoods

Property types

Bedroom counts	Average rent	Last 30 days	Last year	Comparables
1 bedroom	$950	No Change	4%	View
2 bedroom	$995	1%	6%	View
3 bedroom	$1,295	No Change	8%	View
4 bedroom	$1,682	1%	8%	View
Studio	$1,195	4%	7%	View

BedroomsNeighborhoodsProperty types

Studio

Average rent

$1,195

Last 30 days

4%

Last year

7%

View comparables

1 bedroom

Average rent

$950

Last 30 days

No Change

Last year

4%

View comparables

2 bedroom

Average rent

$995

Last 30 days

1%

Last year

6%

View comparables

3 bedroom

Average rent

$1,295

Last 30 days

No Change

Last year

8%

View comparables

4 bedroom

Average rent

$1,682

Last 30 days

1%

Last year

8%

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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Explore rent trends in other markets

Arlington

$2,195

1%

Last year

Bartlett

$1,850

4%

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Collierville

$1,980

9%

Last year

Cordova

$1,750

2%

Last year

Germantown

$2,425

5%

Last year

Horn Lake

$1,432

5%

Last year

Lakeland

$2,157

4%

Last year

Munford

$1,685

24%

Last year

Olive Branch

$1,875

3%

Last year

Southaven

$1,767

1%

Last year

Walls

$1,812

1%

Last year

West Memphis

$895

Flat

Last year