Average Rent in Walnut Grove Lake, Memphis, TN and Rent Price Trends

Rent price summary for
Walnut Grove Lake, Memphis, TN

As of September 2025, the median rent for all bedroom counts and property types in Walnut Grove Lake, Memphis, TN is $1,739. This is -12% lower than the national average.

$1.62

average price per square foot

Median rent

$1,739

30%

over the previous yearvs previous year

Total rentals

10

for rent on Zumper.com

As of September 2025, the median rent for all bedroom counts and property types in Walnut Grove Lake, Memphis, TN is $1,739. This is -12% lower than the national average.

$1.62

average price per square foot

Rent ranges

33%

60%

$751-$1,500$751 - $1,500

$1,501-$2,250$1,501 - $2,250

$2,251-$3,000$2,251 - $3,000

Households

79%

21%

Owner-occupied

Renter-occupied

Median rent and rent ranges are based on Zumper inventory in the last 30 days. Household data are provided by the US Census Bureau.

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 comparables in
Walnut Grove Lake, Memphis, TN
The monthly rent for an apartment in Walnut Grove Lake, Memphis, TN is $1,800. A 1-bedroom apartment in Walnut Grove Lake, Memphis, TN costs about $1,842 on average, while a 2-bedroom apartment is $1,644. Houses for rent in Walnut Grove Lake, Memphis, TN are more expensive, with an average monthly cost of $1,992.


1 bedroom	$1,842	-	-
2 bedroom	$1,476	-	-
3 bedroom	$1,847	6%	-
4 bedroom	$2,360	2%	5%
Studio	$1,400	-	-

		Comparables
Holmes Tulane	$1,192
Prospect Park Rayner Eloise Block Club	$895
River Edge	$1,790
Shaw's Ridge	$1,865
Shelton Hills	$2,000
Simmons Place	$1,705


Apartments	$1,800	No Change	No Change
Condos	$1,825	-	-
Houses	$1,992	8%	No Change

Studio

Average rent

$1,400

1 bedroom

Average rent

$1,842

2 bedroom

Average rent

$1,476

3 bedroom

Average rent

$1,847

Last 30 days

4 bedroom

Average rent

$2,360

Last 30 days

Last year

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.

Compare rent prices in Walnut Grove Lake, Memphis, TN to other neighborhoods

Median rent prices in Walnut Grove Lake, Memphis, TN for all bedroom counts and property types compared to Shaw's Ridge, Arlington, TN.

Walnut Grove Lake

Median rent price$1,739

12%

lower than the national median

Median rent price$1,865

lower than the national median

Takeaway

The median rent for all rentals in Walnut Grove Lake, Memphis, TN is 7% lower than the median rent in Shaw's Ridge, Arlington, TN.

More data insights and reports

National Rent Report

Canadian Rent Report

Annual Rent Report

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