Last updated on November 2, 2026

Average rent in
UT Health Science Center, TN

Median rent

Median rent in Memphis

$1,150/mo

decreased by5%

vs previous year

The average rent in Memphis is $1,150 per month as of October 2026. This is 39% below the national average rent, or $750 less per month.

$1.14

average price per square foot

Total rentals

Available rentals in Memphis

1,376

for rent on Zumper.com as of October 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 UT Health Science Center, TN

Average rent prices in Memphis have decreased by 5% 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 UT Health Science Center, 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 $1,250. 1-bedroom apartments in Memphis run $1,037 on average, while 2-bedroom apartments are $930.

Listings

Studio

$1,150

-

4%

1 bedroom

$965

-

23%

2 bedroom

$950

-

13%

3 bedroom

$1,250

-

25%

4 bedroom

$1,550

-

7%

Studio

Average rent

$1,150

Last year

4%

1 bedroom

Average rent

$965

Last year

23%

2 bedroom

Average rent

$950

Last year

13%

3 bedroom

Average rent

$1,250

Last year

25%

4 bedroom

Average rent

$1,550

Last year

7%

The table above reflects average rent prices in UT Health Science Center, 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 UT Health Science Center, TN

263 Lucy Ave #3 - Photo 1 of 1

1d ago

South Memphis Citizens United for Action apartment for rent in Memphis

2 beds

1 bath

$499

Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.
810 Atlantic St #1 - Photo 1 of 1

5d+ ago

Binghampton-Lester condo for rent in Memphis

2 beds

1 bath

$550

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
2115 Hunter Ave - Photo 1 of 1

5d+ ago

Hollywood-Hyde Park-Springdale apartment for rent in Memphis

Clean Duplex For Rent

2115 Hunter Ave, Memphis, TN 38108

2 beds

1 bath

$550

Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
2767 Waverly Ave - Photo 1 of 1

5d+ ago

Orange Mound Civic Orgganization condo for rent in Memphis

2 beds

1 bath

$550

Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for UT Health Science Center, TN

Quick answers to common questions about the Memphis rental market.

How much is rent in Memphis?

The average rent in Memphis is $1,150 per month as of October 31, 2026.

Is rent up or down in Memphis?

Average rent prices in Memphis have decreased by 5% since last year.

How does Memphis rent compare to the national average?

Rent in Memphis is 39% below the national average, which means renters are paying approximately $750 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 $46,000/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).

The Oliver Luxury Apartments