Apartments for Rent in Rangeline, Memphis, TN

Rangeline, Memphis apartment availability

Rangeline's rental market offers a good selection of listings, with an average of 33 rentals available each month. The majority of rentals in this Memphis neighborhood are 3-bedroom apartments, making it a great option for families or roommates. Many apartments in Rangeline offer desirable amenities, including outdoor space, in-unit laundry, and pet-friendly policies. Specifically, about 28% of apartments feature outdoor space, 27% are pet-friendly, and 41% have in-unit laundry. With these amenities and a range of bedroom options, Rangeline is worth considering for renters looking for a comfortable and convenient place to call home.

Rangeline, Memphis rental market trends

The Rangeline neighborhood in Memphis saw a notable increase in rent prices last year, with an average monthly rent of $1,085, representing an 8% year-over-year increase. Breaking it down by bed count, 1-bedrooms averaged $725 per month, a 6% decrease from the previous year. In contrast, 2-bedrooms experienced an 11% increase, reaching an average of $1,003 per month. The average rent for 3-bedrooms was $1,062, a 3% increase, while studios averaged $1,200, a 4% increase.

Rent prices in Rangeline tend to fluctuate throughout the year, with March typically seeing the highest rent prices, 16% higher than the lowest point in August. If you're looking for a new apartment, August may be a good time to find a deal. On the other hand, if you're looking to rent out a property, March is likely to be the most lucrative month. Understanding these trends can help you navigate the Rangeline rental market and make informed decisions.

Why Rangeline, Memphis is a great place to live

We've analyzed data from the last few years to understand what makes Rangeline, Memphis, an attractive neighborhood for renters. Our findings suggest that Rangeline excels in catering to social lifestyles and pet owners.

The neighborhood's population, well-planned street infrastructure, frequent transit options, safety, and high walk score all contribute to a vibrant social scene. Additionally, Rangeline's attention to pet-friendly details, such as designated pet waste areas, ample space for pets, pet-safe windows, and outdoor spaces, make it an ideal location for pet owners. The absence of breed restrictions and regular pet events further enhance its pet-friendly reputation. If you prioritize socializing and pet ownership, Rangeline is a neighborhood worth considering.