Bedroom count
Property type
Last updated on August 3, 2026
Average rent in
Walnut Grove Lake, Memphis, TN
Average rent in
Last updated on August 3, 2026
Bedroom count
Property type
Median rent
Median rent in Walnut Grove Lake
$2,109/mo
10%vs previous year
The average rent in Walnut Grove Lake is $2,109 per month as of August 2026. This is 9% above the national average rent, or $169 more per month.
average price per square foot
Total rentals
Available rentals in Walnut Grove Lake
13
for rent on Zumper.com as of August 2026
Rent price distribution
Share of Walnut Grove Lake rentals at each price point
This report has limited data.Due a shortage of data for this selected bedroom and/or property type in Walnut Grove Lake, Memphis, TN, in the last 30 days, rent estimates may not represent the actual market.
Rent trends in Walnut Grove Lake, Memphis, TN
Average rent prices in Walnut Grove Lake have increased by 7% over the last month and have decreased by 10% 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
Walnut Grove Lake, Memphis, TN
Rent prices in Walnut Grove Lake vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Walnut Grove Lake is $2,054, whereas a house costs $2,000. 1-bedroom apartments in Walnut Grove Lake run $2,054 on average, while 2-bedroom apartments are $2,230.
Listings | ||||
|---|---|---|---|---|
Studio | $1,000 | - | - | |
1 bedroom | $2,029 | - | - | |
2 bedroom | $2,011 | - | - | |
3 bedroom | $1,950 | No Change |  11% | |
4 bedroom | $2,399 | 2% | 15% |
Listings | ||
|---|---|---|
Holmes Tulane | $1,395 | |
Prospect Park Rayner Eloise Block Club | $759 | |
River Edge | $2,170 | |
Shaw's Ridge | $1,945 | |
Shelton Hills | $2,535 | |
Simmons Place | $2,000 |
Listings | ||||
|---|---|---|---|---|
Apartments | $2,054 | - | - | |
Houses | $2,000 | 2% | No Change |
Studio
Average rent
$1,000
1 bedroom
Average rent
$2,029
2 bedroom
Average rent
$2,011
3 bedroom
Average rent
$1,950
Last 30 days
No Change
Last year
11%
4 bedroom
Average rent
$2,399
Last 30 days
2%
Last year
15%
Shaw's Ridge
Average rent
$1,945
Shelton Hills
Average rent
$2,535
River Edge
Average rent
$2,170
Holmes Tulane
Average rent
$1,395
Prospect Park Rayner Eloise Block Club
Average rent
$759
Simmons Place
Average rent
$2,000
Apartments
Average rent
$2,054
Houses
Average rent
$2,000
Last 30 days
2%
The table above reflects average rent prices in Walnut Grove Lake, 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 Walnut Grove Lake, Memphis, TN compare to other neighborhoods?
Compare median rent prices in Walnut Grove Lake and Shaw's Ridge by all bedroom counts and property types.
Walnut Grove Lake
9%higher than the national median
Equal to the the national median
Takeaway
The median rent for all rentals in Walnut Grove Lake, Memphis, TN is 8% higher than the median rent in Shaw's Ridge, Arlington, TN.
Average rent in nearby neighborhoods
Explore rent trends in neighboring markets
Discover rentals in Walnut Grove Lake, Memphis, TN
5d+ ago
Walnut Grove Lake house for rent in Memphis
89 Ericson Rd, Memphis, TN 38018
3 beds
2 baths
$2,000
House for rent
5d+ ago
Walnut Grove Lake house for rent in Memphis
3 beds
2 baths
$1,995
House for rent
Available Aug 31
5d+ ago
Walnut Grove Lake house for rent in Memphis
3 beds
2 baths
$1,995
House for rent
Available Aug 31
5d+ ago
Walnut Grove Lake house for rent in Memphis
89 Ericson Rd, Memphis, TN 38018
3 beds
2 baths
$2,000
House for rent
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Frequently asked questions for Walnut Grove Lake, Memphis, TN
Quick answers to common questions about the Walnut Grove Lake rental market.
How much is rent in Walnut Grove Lake?
The average rent in Walnut Grove Lake is $2,109 per month as of August 1, 2026.
Is rent up or down in Walnut Grove Lake?
Average rent prices in Walnut Grove Lake have increased by 7% over the last month and have decreased by 10% since last year.
How does Walnut Grove Lake rent compare to the national average?
Rent in Walnut Grove Lake is 9% above the national average, which means renters are paying approximately $169 more per month.
What salary do I need to afford rent in Walnut Grove Lake?
To comfortably afford rent in Walnut Grove Lake, you'd need to earn approximately $84,000/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).