Last updated on June 23, 2026

Average rent in
LeMoyne Owen College, TN

Median rent

Median rent in Memphis

$1,120/mo

decreased by11%

vs previous year

The average rent in Memphis is $1,120 per month as of June 2026. This is 43% below the national average rent, or $830 less per month.

$1.13

average price per square foot

Total rentals

Available rentals in Memphis

1,317

for rent on Zumper.com as of June 2026

Rent price distribution

Share of Memphis rentals at each price point

70%53%35%18%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in LeMoyne Owen College, TN

Average rent prices in Memphis have decreased by 11% since last year. At this time, we don't have enough information to generate yearly trends. Please see below for more rent price details.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in LeMoyne Owen College, TN

Rent prices in Memphis vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Memphis is $1,000, whereas a house costs $1,200. 1-bedroom apartments in Memphis run $1,050 on average, while 2-bedroom apartments are $950.

Listings

Studio

$1,202

-

No Change

1 bedroom

$925

-

17%

2 bedroom

$950

-

18%

3 bedroom

$1,225

-

4%

4 bedroom

$1,550

-

9%

Studio

Average rent

$1,202

Last year

No Change

1 bedroom

Average rent

$925

Last year

17%

2 bedroom

Average rent

$950

Last year

18%

3 bedroom

Average rent

$1,225

Last year

4%

4 bedroom

Average rent

$1,550

Last year

9%

The table above reflects average rent prices in LeMoyne Owen College, 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.

Discover rentals in LeMoyne Owen College, TN

1303 E Trigg Ave #A - Photo 1 of 1

5d+ ago

Apartment for rent in Memphis

1 bed

1 bath

$495

Apartment for rent

1455 Eloise Rd - Photo 1 of 1

5d+ ago

Prospect Park - Rayner - Eloise Block Club house for rent in Memphis

House for rent

1160 SPRINGDALE - Photo 1 of 1

5d+ ago

8.9

Very good

1160 SPRINGDALE

1160 Springdale St, Memphis, TN 38108

1 bed

1 bath

$500

Apartment for rent

790-792 WILLETT - Photo 1 of 1

45m ago

7.7

Very good

790-792 WILLETT

790 N Willett St, Memphis, TN 38107

1 bed

1 bath

$525

Apartment for rent

Stay up to date with rental market insights

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Frequently asked questions for LeMoyne Owen College, TN

Quick answers to common questions about the Memphis rental market.

How much is rent in Memphis?

The average rent in Memphis is $1,120 per month as of June 20, 2026.

Is rent up or down in Memphis?

Average rent prices in Memphis have decreased by 11% since last year.

How does Memphis rent compare to the national average?

Rent in Memphis is 43% below the national average, which means renters are paying approximately $830 less per month.

What salary do I need to afford rent in Memphis?

To comfortably afford rent in Memphis, you'd need to earn approximately $45,000/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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