Apartments for Rent in Memphis, FL

Prices and availability in Memphis, FL were last updated on 4 Jul 2026.

The best apartments in Memphis, FL are: Holy Cross Manor II, 1011 22nd St E Palmetto, FL 34221, Holy Cross Manor I, 4912 Arlington Rd. and 219 33rd Street West.

The average rent in Memphis, FL is $1,826.

In Memphis, 19% of the residents are renting compared to 81% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 4% of Memphis's rentals, 21% are small-scale complexes with under 50 units, and 75% are single-family rentals.

The average age of rental buildings in Memphis is 17 years old, with 63% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which 84% are garden-style apartment communities, 16% are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Memphis come in a range of sizes and floorplans. Studio apartments represent 0.4% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 36% of the total apartments in the city, while 2-bedroom floorplans represent around 51% of all rentals in Memphis. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.