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3 Bedroom Apartments for Rent in Raleigh, Memphis, TN

69 Rentals Available
3 Bedroom Apartments for Rent in Raleigh, Memphis, TN. 69 Rentals Available
8-17-nhood
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Raleigh, Memphis, TN rent trends

Rental prices in Raleigh, Memphis, TN have increased by 4.27% over the past year. The average rent moved from $1,090 to $1,137.

Average rent in Raleigh, Memphis, TN

$1,137/mo Raleigh, Memphis, TN average rental price, October 2025
Image Average Rent

The average monthly rent for an apartment in Raleigh, Memphis, TN is around $1,137.

    What's the typical rent budget in Raleigh, Memphis, TN?

    A share of 30% of apartments in Raleigh, Memphis, TN have the cheapest rents between ≤ $1000. Around 70% of Raleigh's apartments have monthly rents between $1,001-$1,500.

    The largest share of rentals in Raleigh, Memphis, TN (70%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.

    Getting around in Raleigh, TN

    45 /100
    Car-Dependent
    31 /100
    Some Transit
    33 /100
    Somewhat Bikeable
    Walk Score®: 45, Transit Score®: 31, Bike Score®: 33

    Frequently asked questions

    What is the price of a 3 bedroom apartment in Raleigh, Memphis, TN?

    The price range of a 3 bedroom apartment is between $1,259 and $2,180.

    How many 3 bedroom apartments for rent are available in Raleigh, Memphis, TN on RentCafe?

    There are 14 3 bedroom rentals available on RentCafe. Prices and availability in Raleigh, Memphis, TN were last updated on 25 Nov 2025.

    What is the average size of a 3 bedroom apartment in Raleigh, Memphis, TN?

    The average Raleigh, Memphis, TN 3 bedroom apartment size is 1,378 sq. ft.

    What are the advantages of renting a 3 bedroom apartment in Raleigh, Memphis, TN?

    Renting a 3 bedroom apartment offers extra space compared to a 2 bedroom apartment, suited for a family or for sharing it with someone else.

    What are the downsides of renting a 3 bedroom apartment in Raleigh, Memphis, TN?

    A 3 bedroom apartment is more expensive than smaller units and it usually comes with higher utility costs.

    Raleigh, Memphis, TN demographics

    • 35,507Total Population
    • 18,711 Female
      16,796 Male
    • 31Median Age

    In total, Raleigh, Memphis, TN has 35,507 residents, 18,711 women and 16,796 men, per U.S. Census recent estimates. Statistics show that the median age of Raleigh’s population is 31.

    Raleigh, Memphis, TN households

    • 8,017 Family
      4,839 Non-family
    • 4,662 Children
      8,194 No Children
    • 12,856Total Number of Households
    • 1.93Average People Per Household
    • $45,456Median Household Income

    There is a total of 12,856 households in Raleigh, Memphis, TN. Of these, 4,662 have children and 8,194 are without children. Per Census Bureau’s most current estimates, 8,017 family households and 4,839 non-family households live in this area. The size of a household in Raleigh is 1.93 people, on average. The median household annual income in Raleigh equals $45,456, and the monthly housing costs equal $1,106.

    Raleigh, Memphis, TN education statistics

    According to data from the U.S. Census Bureau, 5% of the population in Raleigh, Memphis, TN have no high school education, 48% went to high-school, and 24% have partially completed college. Moreover, 8% of the population hold an Associate Degree, 10% hold a Bachelor Degree, and 5% hold a Graduate Degree.