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).

See our listings of Memphis Apartments


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.

See our Memphis neighborhood apartment listings:

Downtown Apartments
River Oaks-Kirby-Balmoral Apartments
Windyke-Southwind Apartments
Cordova-Appling Apartments
East Memphis-Colonial-Yorkshire Apartments
Hickory Ridge-South Riverdale Apartments
Raleigh Apartments
Midtown Apartments
White Haven-Coro Lake Apartments
Parkway Village-Oakhaven Apartments
Shelby Forest-Frayser Apartments
Beware of rental ad scams: Rent Jungle is a rental search engine for apartment hunters and is not responsible for the content of rental listings found on the site. Rent Jungle encourages you to use common sense while apartment hunting. Beware of fraudulent listings. Click here to learn about common scams.