Rent trend data in Memphis, Tennessee

Memphis Average Rent

As of May 2020, average rent for an apartment in Memphis, TN is $1090 which is a 12.75% increase from last year when the average rent was $951 , and a 12.02% increase from last month when the average rent was $959.

One bedroom apartments in Memphis rent for $947 a month on average (a 8.03% increase from last year) and two bedroom apartment rents average $1109 (a 16.23% increase 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, Downtown, and Windyke-Southwind.
The cheapest Memphis neignborhoods to rent apartments in are Parkway Village-Oakhaven, White Haven-Coro Lake, and Hickory Ridge-South Riverdale.

See our Memphis neighborhood apartment listings:

River Oaks-Kirby-Balmoral Apartments
Downtown Apartments
Windyke-Southwind Apartments
Eads-Fisherville Apartments
Cordova-Appling Apartments
East Memphis-Colonial-Yorkshire Apartments
Raleigh Apartments
Midtown Apartments
Hickory Ridge-South Riverdale Apartments
White Haven-Coro Lake Apartments
Parkway Village-Oakhaven Apartments
Beware of rental ad scams: Rent Jungle is a rental search engine for apartment hunters and is not responsible for the content of rental listings found on the site. Rent Jungle encourages you to use common sense while apartment hunting. Beware of fraudulent listings. Click here to learn about common scams.