Apartments for Rent in Memphis, FL

Prices and availability in Memphis, FL were last updated on 15 Aug 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 housing is rented out compared to 81% of homes are owned, according to the most recent Census Bureau estimates. 4% of Memphis's apartments are found in large buildings of 50 units or more, 21% are located in smaller apartment complexes with less than 50 units, and 75% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Memphis are about 17 years old, on average. Of these, 63% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About 84% of the rental communities here are low-rise, garden-style communities, 16% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

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.