Rental GuideMemphis, TN

Memphis rent data for:

Apartments for rent

Average Rent

$1,244

Year Over Year Change

-4%

$58

Rentals available, last 30 days

2,626

Rent ranges for Memphis apartments

$3,001 - $3,001

$2,251 - $3,000

$1,501 - $2,250

$751 - $1,500

$0 - $750

$3,001 - $3,001

$2,251 - $3,000

$1,501 - $2,250

23%

$751 - $1,500

63%

$0 - $750

23%

63%

How has rent in Memphis, TN changed in the last two years?

The average rent in Memphis, TN, for rentals of all sizes and types, is $1,244, which is a 4.18% decrease year-over-year.

The monthly rent for 1-bedroom apartments in Memphis, TN is about $950. The average rent for 2-bedroom apartments in Memphis, TN is $999, and studios are about $812 per month.

See more Memphis, TN rent data on our rent research page.

What are the K-12 schools in Memphis, TN?

206

schools

109,797

students

About Niche: Niche compiles and analyzes the latest data from public sources like the US Census Bureau and the Department of Education to generate rankings for schools and neighborhoods across the US.

Disclaimer: School ratings from Niche are intended for informational purposes only. Check with the nearby schools to verify eligibility and zoning criteria before using this data to decide on your next home.

Showing 1 - 5 of 112 results

What are some of the top neighborhoods in Memphis, TN?

Victorian Village

A historic, slightly more affordable section of downtown and a great place to live if you want access to downtown without being the center of all the action.

Midtown

Ethnically diverse and home to various universities, cultural venues and a thriving theatre scene. Midtown is typically less expensive than downtown, but is also an exciting place to call home.

Who lives in Memphis, TN?

Gender

47% Male

53% Female

Age Range

0-19

27%

20-34

23%

35-44

12%

45-64

23%

65+

13%

Language

English

90%

Spanish

Indo Euro

Asia Pac

Other

Education

No HS

13%

High School

54%

Bachelor's

21%

Master's

Prof Degree

Doctorate

What is the household breakdown in Memphis, TN?

Families

32% Families

68% Single

Property

54% Renters

46% Owners

Household Income

0-25k

30%

25-50k

26%

50-75k

16%

75-100k

100-150k

150k+

How do residents get around Memphis, TN?

Memphis locals spend about 21 minutes commuting, and most drive to get to work. Residents or visitors looking to take public transit can hop on a bus or trolley run by Memphis Area Transit Authority (MATA) to navigate Memphis and nearby areas. The best way to fly in or out of Memphis is through Memphis International Airport, 14.13 miles away.

Walking

5/10

Some shops and stores are within a few minutes.

Cycling

4/10

More spots are within biking distance and some roads are cyclist-friendly.

Driving

9/10

Commuting is easy with multiple accessible routes and plenty of parking.

Transit

3/10

There are a few mass transit options within the area.

Scores for Memphis are calculated based on the proximity to and amount of infrastructure supporting each method of transportation.

Satisfaction survey results for Memphis, TN

We surveyed 10,000 renters across the country about what it's like living in their cities and neighborhoods. In Memphis, 52% of residents reported feeling satisfied or very satisfied with the city overall, which is lower than the national average of 60%.

Top Three Reasons to Live in Memphis

Pet friendly

64%Satisfaction rating

Parks & recreation

49%Satisfaction rating

Public transportation

45%Satisfaction rating

Other Things to Consider

Nightlife

Quality schools

Affordable housing

Job market

Weather

Dating scene

Cost of living

Nightlife

42%

Quality schools

41%

Affordable housing

37%

Job market

37%

Weather

29%

Dating scene

28%

Cost of living

21%

42%

41%

37%

29%

28%

21%

Data last updated in 2024. Do you live here? Take our survey and share your experience.

How we got this data

What is the cost of living in Memphis, TN?

The overall cost of living in Memphis, TN is 10% lower than the national average, according to the Cost of Living Index published by the Council for Community and Economic Research. This is calculated by comparing several expenses, including food and basic necessities like energy and healthcare. When it comes to comparing these expenses to the rest of the country, in Memphis you can expect groceries to cost less than the national average, and healthcare to cost less. Eggs run about $3.47 per carton, and milk $4.67. Regarding healthcare costs, a doctor’s visit could amount to $112.80 on average—but this will likely vary depending on several factors, including insurance and medical specialty.