Rent trend data in Memphis, Tennessee
Memphis Average Rent
As of May 2020, average rent for an apartment in Memphis, TN is $1090 which is a 12.75% increase from last year when the average rent was $951 , and a 12.02% increase from last month when the average rent was $959.
One bedroom apartments in Memphis rent for $947 a month on average (a 8.03% increase from last year) and two bedroom apartment rents average $1109 (a 16.23% increase from last year).
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Memphis Rent Trends
The average apartment rent over the prior 6 months in Memphis has increased by $105 (10.7%)
One bedroom units have increased by $46 (5.1%) and two bedroom apartments have increased by $142 (14.7%)
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Memphis Average Rent By Neighborhood
The most expensive Memphis neighborhoods to rent apartments in are River Oaks-Kirby-Balmoral, Downtown, and Windyke-Southwind.
The cheapest Memphis neignborhoods to rent apartments in are Parkway Village-Oakhaven, White Haven-Coro Lake, and Hickory Ridge-South Riverdale.
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