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3 Bedroom Apartments for Rent in Memphis, TN - 231 Rentals available

Memphis, TN Demographics

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

Average Rent for 3 Bedroom apartments in Memphis, TN

  • The average rent for a 3 Bedroom apartment in Memphis, TN, June 2018$765/mo
  • 1 Bedroom$714
  • 2 Bedrooms$769
  • 3 Bedrooms$920

Memphis, TN 3 Bedroom Apartment Rent Ranges

  • < $5001%
  • $501-$70031%
  • $701-$1,00038%
  • $1,001-$1,50025%
  • $1,501-$2,0004%
  • > $2,0001%

Memphis, TN 3 Bedroom Apartment Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Jun / 2018 $765 $920
Sept / 2017 $767 $921
May / 2017 $767 $914
Jan / 2017 $753 $910
Sept / 2016 $752 $903
May / 2016 $743 $894
Jan / 2016 $733 $884
Sept / 2015 $728 $873
May / 2015 $716 $869
Jan / 2015 $704 $858
/

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%

Renting a 3 bedroom apartment in Memphis, TN

With 231 apartments in Memphis, TN, it can be hard finding just the right 3 bedroom apartment. Before you even start thinking about size, price and features, you have to choose a neighborhood. And that’s no easy task, considering that, depending on the area, you get a wide range of rentals in Memphis, TN, from very cheap to very expensive. Then you also have to factor in the distance to work, kindergarten and/or school. It’s an important decision, as most likely you’re going to spend the next couple of years in this apartment with your family. You are not just searching for an apartment to live in, you’re searching for a home. The internet is supposed to help, but it only confuses you further with redundant lists of things you should pay attention to. We know the feeling very well. Let us give you just one piece of advice: take the rational path and get your priorities right. The only person who knows what type of apartment you need is you. Create a mental or written list of things you absolutely cannot live without, filter accordingly. If a balcony or a garage is absolutely crucial, then head on to the filters section and check the ones you want. This way you will save time by skipping the apartments that don’t meet your criteria.

Is choosing a cheap apartment worth it?

There are certainly plenty of options among our 231 available units in Memphis, TN if you’re considering also cheap 3 bedroom apartments. But are they worth considering? Certainly. Yet, you should not get carried away with very low prices, as your decision is not affecting only you. Most probably you’re moving with a family, and for the next few years this will be the place where your children will create memories. Good or bad. Remember how much you hated staying between four walls when you were a kid? Are there any playgrounds or parks around? Neighborhood amenities are important too. Cheap apartments in Memphis, TN have low prices mostly because of their location. Take into account your morning commute. With children morning commutes are quite long anyway, so moving to that amazing apartment in Oakhaven can quickly become a drag if it’s on the opposite end of town than your job or the oldest one’s school. That being said, cheap apartments can be really good deals, but not at any price.