Rent trend data in Memphis, Tennessee
Memphis Average Rent
As of January 2019, average rent for an apartment in Memphis, TN is $981 which is a 5.4% increase from last year when the average rent was $928 , and a 3.16% increase from last month when the average rent was $950.
One bedroom apartments in Memphis rent for $884 a month on average (a 6.45% increase from last year) and two bedroom apartment rents average $955 (a 1.36% 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 $23 (2.4%)
One bedroom units have increased by $12 (1.4%) and two bedroom apartments have increased by $27 (2.9%)
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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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