Last updated on July 26, 2026

Average rent in
Ashley Ridge, Memphis, TN

Median rent

Median rent in Ashley Ridge

$1,695/mo

decreased by21%

vs previous year

The average rent in Ashley Ridge is $1,695 per month as of July 2026. This is 12% below the national average rent, or $235 less per month.

$1.02

average price per square foot

Total rentals

Available rentals in Ashley Ridge

13

for rent on Zumper.com as of July 2026

Rent price distribution

Share of Ashley Ridge rentals at each price point

65%49%33%16%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

This report has limited data.Due a shortage of data for this selected bedroom and/or property type in Ashley Ridge, Memphis, TN, in the last 30 days, rent estimates may not represent the actual market.

Rent trends in Ashley Ridge, Memphis, TN

Average rent prices in Ashley Ridge have remained the same over the last month and have decreased by 21% 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 Ashley Ridge, Memphis, TN

Rent prices in Ashley Ridge vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Ashley Ridge is $1,710, whereas a house costs $2,005.

Listings

2 bedroom

$1,495

-

-

3 bedroom

$1,595

5%

23%

4 bedroom

$2,225

No Change

6%

2 bedroom

Average rent

$1,495

3 bedroom

Average rent

$1,595

Last 30 days

5%

Last year

23%

4 bedroom

Average rent

$2,225

Last 30 days

No Change

Last year

6%

The table above reflects average rent prices in Ashley Ridge, 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 Ashley Ridge, Memphis, TN compare to other neighborhoods?

Compare median rent prices in Ashley Ridge and Poplar Estates by all bedroom counts and property types.

Ashley Ridge

Median rent price$1,695
decreased by12%

lower than the national median

Median rent price$1,450
decreased by25%

lower than the national median

Takeaway

The median rent for all rentals in Ashley Ridge, Memphis, TN is 17% higher than the median rent in Poplar Estates, Germantown, TN.

Discover rentals in Ashley Ridge, Memphis, TN

5451 Philgrove Way - Photo 1 of 1

5d+ ago

Our team has verified this company

Verified

3 beds

2 baths

$2,090

House for rent

Available Sep 18

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Frequently asked questions for Ashley Ridge, Memphis, TN

Quick answers to common questions about the Ashley Ridge rental market.

How much is rent in Ashley Ridge?

The average rent in Ashley Ridge is $1,695 per month as of July 25, 2026.

Is rent up or down in Ashley Ridge?

Average rent prices in Ashley Ridge have remained the same over the last month and have decreased by 21% since last year.

How does Ashley Ridge rent compare to the national average?

Rent in Ashley Ridge is 12% below the national average, which means renters are paying approximately $235 less per month.

What salary do I need to afford rent in Ashley Ridge?

To comfortably afford rent in Ashley Ridge, you'd need to earn approximately $68,000/year, based on spending no more than 30% of your income on rent.

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).

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