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1 Bedroom Apartments for Rent in Memphis, TN - 239 Rentals available

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Memphis, TN Demographics

  • Total Population654,723
  • Female 311,133
    Male 343,590
  • Median Age33.7

Average Rent in Memphis, TN

  • Memphis, TN Average Rental Price, February 2019$812/mo

Memphis, TN Apartment Rent Ranges

  • < $50010%
  • $501-$70036%
  • $701-$1,00033%
  • $1,001-$1,50018%
  • $1,501-$2,0003%
  • > $2,0001%

Memphis, TN Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 Feb / 2019
Memphis, TN $733 $743 $752 $753 $767 $767 $765 $769 $812
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396

Average rent is projected to grow by 2% in 2018 compared to 2017.

Please note that projected rent growth is calculated at city level.

Average rent values on this page are aggregated from data from the following zip codes: 3801638018381033810438105381063810738108381093811138112381143811538116381173811838119381203812238125381263812738128381313813238133381343814138152

Check out the average rent prices in Memphis by neighborhood.

Memphis, TN Households

  • Total Number of Households250,259
  • Family 144,263
    Non-family 105,996
  • Children 75,502
    No Children 174,757
  • Average People Per Household2.55
  • Median Household Income$38,230
  • Median Housing Costs Per Month$881

Memphis, TN Education Statistics

  • No High School5%
  • Some High School41%
  • Some College25%
  • Associate Degree5%
  • Bachelor Degree15%
  • Graduate Degree9%

Renting a 1 bedroom apartment in Memphis, TN

Searching for great one bedroom apartments in Memphis, TN? We are here to lend a helping hand and some useful information. You will find 245 apartments in Memphis, TN, with prices starting from $510 going all the way up to $4,137. Whether you are browsing for chic single bedroom apartments with a higher price-tag or a cheap one bedroom efficiency, we want to make sure that you find a fabulous apartment, regardless. You can rent beautiful, spacious 1 bedroom apartments if you can fork a higher monthly rent. But if your budget is on the low-low, you will need stellar searching skills to land a nice apartment. If that happens to be the case, don’t lose hope, just keep on reading.

Is it possible to find a nice cheap apartment?

Yes, it is. If you want to find a quality apartment in a great location, as close to $510 as possible, which is as cheap as it gets in Memphis, TN, keep in mind that this is kind of like bargain shopping for clothes. You have to look carefully, check often, and be quick, because there’s always a deal waiting to be discovered. Of the 52 listings in Memphis, TN that have units available for rent, many offer weekly or monthly specials and discounts. Unbelievably good deals come up all the time. Keep checking, get notified by using saved searches, be the first one to see it, act fast and apply for it right away. You are not the only one looking for cheap one bedroom apartments, so these deals disappear quickly. A great deal on a one bedroom furnished apartment can be gone in no time. In order to find that perfect, affordable 1 bedroom we suggest you order your search results by price and hit the refresh button often. If you’ve studied the market and did your homework, you will know when a bargain hits the market.