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).

See our listings of Memphis Apartments

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.

See our Memphis neighborhood apartment listings:

River Oaks-Kirby-Balmoral Apartments
Windyke-Southwind Apartments
Downtown Apartments
Eads-Fisherville Apartments
East Memphis-Colonial-Yorkshire Apartments
Cordova-Appling Apartments
Hickory Ridge-South Riverdale Apartments
Midtown Apartments
White Haven-Coro Lake Apartments
Raleigh Apartments
Parkway Village-Oakhaven Apartments
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