Apartments for Rent in Memphis, FL

Prices and availability in Memphis, FL were last updated on 14 Oct 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 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.