Rent trend data in Memphis, Tennessee
Memphis Average Rent
As of September 2018, average rent for an apartment in Memphis, TN is $939 which is a 2.66% increase from last year when the average rent was $914 , and a 2.02% decrease from last month when the average rent was $958.
One bedroom apartments in Memphis rent for $856 a month on average (a 4.79% increase from last year) and two bedroom apartment rents average $896 (a 2.57% decrease from last year).
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Memphis Rent Trends
The average apartment rent over the prior 6 months in Memphis has decreased by $29 (-3%)
One bedroom units have increased by $1 (0.1%) and two bedroom apartments have decreased by $82 (-8.4%)
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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 Shelby Forest-Frayser, Parkway Village-Oakhaven, and White Haven-Coro Lake.
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