Rent trend data in Memphis, Tennessee
Memphis Average Rent
As of January 2020, average rent for an apartment in Memphis, TN is $969 which is a 1.14% increase from last year when the average rent was $958 , and a 1.86% increase from last month when the average rent was $951.
One bedroom apartments in Memphis rent for $890 a month on average (a 2.02% increase from last year) and two bedroom apartment rents average $978 (a 5.11% increase from last year).
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Memphis Rent Trends
The average apartment rent over the prior 6 months in Memphis has decreased by $32 (-3.2%)
One bedroom units have decreased by $17 (-1.9%) and two bedroom apartments have decreased by $3 (-0.3%)
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Memphis Average Rent By Neighborhood
The most expensive Memphis neighborhoods to rent apartments in are River Oaks-Kirby-Balmoral, Downtown, and Windyke-Southwind.
The cheapest Memphis neignborhoods to rent apartments in are Parkway Village-Oakhaven, Raleigh, and Hickory Ridge-South Riverdale.
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