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2 Bedroom Apartments for Rent in Memphis, TN - 363 Rentals available

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Memphis, TN Demographics

  • Total Population657,167
  • Female 312,782
    Male 344,385
  • Median Age33.5

Average Rent for 2 Bedroom apartments in Memphis, TN

  • The average rent for a 2 Bedroom apartment in Memphis, TN, November 2018$769/mo
  • Studio$626
  • 1 Bedroom$716
  • 2 Bedrooms$771

Memphis, TN 2 Bedroom Apartment Rent Ranges

  • < $50011%
  • $501-$70040%
  • $701-$1,00031%
  • $1,001-$1,50016%
  • $1,501-$2,0002%

Memphis, TN 2 Bedroom Apartment Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Nov / 2018 $769 $771
Jan / 2018 $765 $769
Sept / 2017 $767 $772
May / 2017 $767 $772
Jan / 2017 $753 $757
Sept / 2016 $752 $757
May / 2016 $743 $747
Jan / 2016 $733 $740
Sept / 2015 $728 $733
May / 2015 $716 $720

Memphis, TN Households

  • Total Number of Households249,775
  • Family 145,841
    Non-family 103,934
  • Children 77,074
    No Children 172,701
  • Average People Per Household2.57
  • Median Household Income$36,445
  • Median Housing Costs Per Month$869

Memphis, TN Education Statistics

  • No High School5%
  • Some High School42%
  • Some College25%
  • Associate Degree5%
  • Bachelor Degree15%
  • Graduate Degree8%
  • Most Expensive 2 Bedroom Apartment

    Metro67 $978 - $6,055
  • Cheapest 2 Bedroom Apartment

    Bent Tree $395 - $570

Renting a 2 bedroom apartment in Memphis, TN

Renting a 2 bedroom apartment is ideal if you’re living with someone else, whether it’s your partner, your roommate, or your whole family. The second bedroom gives you enough space for more than one person or can come in handy as a home office that doubles as a guest bedroom. 2 bedroom apartment rentals in Memphis, TN offer a generous 1,094 Sqft of living space for an average monthly rent of $1,307. Your apartment quest is going to be different depending on where and what you’re looking for. If you’re focusing on more expensive neighborhoods, like Mud Island, rent prices for 2-bedroom apartments can run up to $2,496. If you’re looking primarily in affordable neighborhoods, like Alcy - Dunn, you will find cheap 2 bedroom apartments with rents as low as .

Things to remember when looking for a cheap 2 bedroom apartment in Memphis, TN

There is a series of factors that determine the price of a rental apartment in Memphis, TN. Its location is probably at the top of the list. The closer a building is to the city center, or to a public transportation station, the more expensive it is. The same goes for buildings located in popular areas with a high density of quality dining, shopping and entertainment options. That’s because most renters would rather be close to where things are happening, thus creating an increased demand for those apartments. Another determinant is the quality of the building, as in how old it is, how well maintained, what amenities it offers. Similarly, the quality of the apartment unit itself is a factor. A furnished apartment will most certainly cost more than an unfurnished one. One that has newer appliances, or has been remodeled recently, is going to demand a higher price. On the flip side, you can find some really good deals if none of these factors are a priority for you. There are 50 apartment buildings in Memphis, TN you can explore that offer all types of floor plans, including cheap 2 bedroom apartments.