Rent trend data in Memphis, Tennessee
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As of March 2018, average rent for an apartment in Memphis, TN is $942 which is a 1.7% increase from last year when the average rent was $926 , and a 0.96% increase from last month when the average rent was $933.
One bedroom apartments in Memphis rent for $840 a month on average (a 2.62% increase from last year) and two bedroom apartment rents average $950 (a 1.16% 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 (2.5%)
One bedroom units have increased by $20 (2.4%) and two bedroom apartments have increased by $21 (2.3%)
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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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