Apartments for Rent in Memphis, FL

Prices and availability in Memphis, FL were last updated on 3 Sep 2026.

The best apartments in Memphis, FL are: Holy Cross Manor II, Holy Cross Manor I and 4912 Arlington Rd..

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.

Studio apartments in Memphis are around 0.4% of rentals, while 1-bedroom floor plans represent 36% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 51% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.