Rent trend data in Memphis, Tennessee
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As of May 2018, average rent for an apartment in Memphis, TN is $969 which is a 6.09% increase from last year when the average rent was $910 , and a 0.1% increase from last month when the average rent was $968.
One bedroom apartments in Memphis rent for $862 a month on average (a 5.45% increase from last year) and two bedroom apartment rents average $975 (a 5.13% 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 $42 (4.5%)
One bedroom units have increased by $45 (5.5%) 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 Windyke-Southwind, Downtown, and East Memphis-Colonial-Yorkshire.
The cheapest Memphis neignborhoods to rent apartments in are Shelby Forest-Frayser, White Haven-Coro Lake, and Raleigh.
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