Rent trend data in Memphis, Tennessee
Memphis Average Rent
As of November 2018, average rent for an apartment in Memphis, TN is $951 which is a 2.63% increase from last year when the average rent was $926 , and a 1.47% increase from last month when the average rent was $937.
One bedroom apartments in Memphis rent for $871 a month on average (a 5.05% increase from last year) and two bedroom apartment rents average $929 (a 1.08% decrease from last year).
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Memphis Rent Trends
The average apartment rent over the prior 6 months in Memphis has decreased by $37 (-3.7%)
One bedroom units have decreased by $12 (-1.4%) and two bedroom apartments have decreased by $55 (-5.6%)
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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 Eads-Fisherville.
The cheapest Memphis neignborhoods to rent apartments in are Shelby Forest-Frayser, Parkway Village-Oakhaven, and White Haven-Coro Lake.
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