Rent trend data in Memphis, Tennessee
Get more detailed neighborhood and address specific results here.Memphis Average Rent
As of July 2018, average rent for an apartment in Memphis, TN is $986 which is a 6.69% increase from last year when the average rent was $920 , and a 0.2% decrease from last month when the average rent was $988.
One bedroom apartments in Memphis rent for $892 a month on average (a 6.84% increase from last year) and two bedroom apartment rents average $976 (a 6.25% 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 $53 (5.7%)
One bedroom units have increased by $62 (7.5%) and two bedroom apartments have increased by $36 (3.8%)
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Memphis Average Rent By Neighborhood
The most expensive Memphis neighborhoods to rent apartments in are Downtown, River Oaks-Kirby-Balmoral, and Windyke-Southwind.
The cheapest Memphis neignborhoods to rent apartments in are Shelby Forest-Frayser, Parkway Village-Oakhaven, and White Haven-Coro Lake.
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