Rent trend data in Memphis, Tennessee
Memphis Average Rent
As of April 2019, average rent for an apartment in Memphis, TN is $1017 which is a 4.82% increase from last year when the average rent was $968 , and a 1.57% increase from last month when the average rent was $1001.
One bedroom apartments in Memphis rent for $923 a month on average (a 7.37% increase from last year) and two bedroom apartment rents average $1008 (a 2.98% 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 $66 (6.9%)
One bedroom units have increased by $52 (6%) and two bedroom apartments have increased by $79 (8.5%)
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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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