Rent trend data in Memphis, Tennessee
Memphis Average Rent
As of November 2019, average rent for an apartment in Memphis, TN is $985 which is a 0.3% decrease from last year when the average rent was $988 , and a 8.43% decrease from last month when the average rent was $1068.
One bedroom apartments in Memphis rent for $901 a month on average (a 2% increase from last year) and two bedroom apartment rents average $967 (a 1.76% decrease from last year).
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Memphis Rent Trends
The average apartment rent over the prior 6 months in Memphis has increased by $4 (0.4%)
One bedroom units have increased by $17 (1.9%) and two bedroom apartments have increased by $12 (1.3%)
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Memphis Average Rent By Neighborhood
The most expensive Memphis neighborhoods to rent apartments in are River Oaks-Kirby-Balmoral, Windyke-Southwind, and Downtown.
The cheapest Memphis neignborhoods to rent apartments in are Parkway Village-Oakhaven, Raleigh, and White Haven-Coro Lake.
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