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Apartments for Rent in Memphis, TN
1,365 Rentals Available

  • Today

    860 N 7Th Street Apartments, Memphis, TN 38107
    2 BEDS $300+
  • Today

    172 Windover Road, Memphis, TN 38111
    2 BEDS $725
  • Today

    960 Catbird Court, Memphis, TN 38119
    1 BED $1,188+
    2 BEDS $1,698+
    3 BEDS Ask for Pricing
  • Today

    200 Windover Road, Memphis, TN 38111
    1 BED $695
  • Today

    4187 Rainbranch Dr, Memphis, TN 38116
    1 BED $795
    2 BEDS $815
  • Today

    178 Windover Road, Memphis, TN 38111
    2 BEDS $725
  • Today

    1926 Southern Avenue, Memphis, TN 38114
    1 BED $1,300
  • Today

    4480 Medley Ln, Memphis, TN 38118
    3 BEDS $895
  • Today

    3696 Debby Dr, Memphis, TN 38127
    4 BEDS $1,095
  • 18 days ago

    2287 Marble Ave, Memphis, TN 38108
    2 BEDS $975
  • Today

    610 National Street, Memphis, TN 38122
    Studio Ask for pricing
  • Today

    3944 Timberwood Dr, Memphis, TN 38128
    3 BEDS $995
  • Today

    60 S Main Street, Memphis, TN 38103
    Studio $950+
    1 BED $844
    2 BEDS $1,399+
  • Today

    1810 W Wolfchase Circle, Cordova, TN 38016
    Income Restricted
    1 BED $1,025+
    2 BEDS $1,122+
    3 BEDS $1,424+
  • Today

    748 Western Park Dr, Memphis, TN 38109
    3 BEDS $950
  • Today

    4066 Berrywood Ave, Memphis, TN 38118
    3 BEDS $900
  • Today

    3487 Overton Crossing St, Memphis, TN 38127
    3 BEDS $925
  • Today

    4094 Auburn Rd, Memphis, TN 38116
    4 BEDS $1,250
  • Today

    963 Leacrest Ave, Memphis, TN 38109
    3 BEDS $725
  • Today

    3151 Range Line Rd, Memphis, TN 38127
    3 BEDS $765
  • Today

    2863 Laredo St, Memphis, TN 38127
    3 BEDS $1,225
  • Today

    777 Mt. Moriah Rd #13, Memphis, TN 38117
    1 BED Ask for Pricing
    2 BEDS $1,550+
    3 BEDS Ask for Pricing
  • Today

    1620 Hester, Memphis, TN 38116
    3 BEDS $1,332
  • 99 days ago

    1133 S Cooper St, Memphis, TN 38114
    2 BEDS Ask for pricing
  • Today

    274 South Highland Street, Memphis, TN 38111
    1 BED $899+
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Popular searches Average rent Renters guide Demographics

Average rent in Memphis, TN

$1,080/mo Memphis, TN average rental price, July 2023
Image Average Rent

The average monthly rent of apartments in Memphis, TN is $1,080.

    Memphis, TN apartment rent ranges

    About 32% of apartment rents in Memphis, TN range between $1,001-$1,500. Meanwhile, apartments priced over $1,501-$2,000 represent 11% of apartments. Around 46% of Memphis’s apartments are in the $701-$1,000 price range. 9% of apartments are priced between $501-$700.

    Memphis, TN rent trends

    Check out the average rent prices in Memphis by neighborhood.

    Compared to the national average rent of $1,726, the average rent in Memphis, TN is $1,080.

    Getting around in Memphis, TN

    54 /100
    Somewhat Walkable
    34 /100
    Some Transit
    43 /100
    Somewhat Bikeable
    Walk Score®: 54, Transit Score®: 34, Bike Score®: 43

    Frequently asked questions

    When were prices and availability in Memphis, TN last updated?

    Prices and availability in Memphis, TN were last updated on 22 Sep 2023.

    What are the best apartments in Memphis, TN?

    The best apartments in Memphis, TN are: City Place at Germantown Apartments, Grand Island Apartments, The Edge of Germantown, Appling Lakes and Bristol On Union.

    What is the average rent in Memphis, TN?

    The average rent in Memphis, TN is $1,080. Start your search for apartments in Memphis, TN now.

    What is the price range for a studio apartment in Memphis, TN?

    The price range for a studio apartment in Memphis, TN is between $725 and $4,422. View all studio apartments in Memphis, TN.

    What is the price range for a 1-bedroom apartment in Memphis, TN?

    The price range for a 1-bedroom apartment in Memphis, TN is between $300 and $6,244. Browse all available 1-bedroom apartments in Memphis, TN now.

    What is the price range for a 2-bedroom apartment in Memphis, TN?

    The price range for a 2-bedroom apartment in Memphis, TN is between $300 and $6,244. Browse and find a 2-bedroom apartment in Memphis, TN.

    What is the price range for a 3-bedroom apartment in Memphis, TN?

    The price range for a 3-bedroom apartment in Memphis, TN is between $558 and $4,878. Browse all available 3-bedroom apartments in Memphis, TN.

    What type of rental buildings are in Memphis, TN?

    In Memphis 53% of the housing is rented out compared to 47% of homes are owned, according to the most recent Census Bureau estimates. 9% of Memphis’s apartments are found in large buildings of 50 units or more, 51% are located in smaller apartment complexes with less than 50 units, and 39% are single-family rentals.

    What do typical apartment communities look like in Memphis, TN?

    The average age of rental buildings in Memphis is 39 years old, with 23% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which 91% are garden-style apartment communities, 7% are mid-sized buildings, and 2% are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

    What apartment floorplans are common in Memphis, TN?

    Rental apartments in Memphis come in a range of sizes and floorplans. Studio apartments represent 3% 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 35% 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.

    Memphis, TN in the news

    Living in Memphis, TN

    Within the rolling valleys of Chickasaw bluffs and immediately east of the Mississippi River is Memphis, the second-largest city in Tennessee. Memphis renters are largely musicians, students, and health care professionals who are 160 miles east of Little Rock, AR, and 210 miles southwest of Nashville, TN. As the "home of the blues and birthplace of rock and roll," renting in Memphis celebrates a deep cultural heritage rooted in music. For instance, renters can visit Elvis Presley's Graceland, the Stax Museum of American Soul, and Sun Studio (where Elvis Presley and Johnny Cash were first recorded) - just to name a few places. Meanwhile, renters with children enjoy the Children's Museum of Memphis, the Memphis Zoo, and the Fire Museum of Memphis, while public education is provided to renters by Memphis Shelby County Schools. The biggest industries when renting in Memphis are transportation and warehousing; health care; retail; and manufacturing (FedEx and AutoZone are both headquartered in the city).

    Renting in Memphis, TN

    Within Memphis, Cordova is a suburban neighborhood with single-family houses, townhouses, and apartments for rent near Shelby Farms Park and Wolfchase Galleria, whereas East Memphis has Mid-Century Modern, Colonial, Tudor, and ranch-style houses for rent along with apartments, and condominiums that are close to Dixon Gallery and The Pink Palace Museum. Similarly, renters in Midtown Memphis have Victorian, Craftsman, Colonial Revival, Tudor, and bungalow-style houses for rent, as well as modern apartment rentals - all of which are close to the Memphis Zoo and Overton Park. For comparison, Whitehaven features predominantly single-family houses for rent and apartment rentals with ranch-style, traditional brick exteriors and mid-century designs. Whitehaven rentals are also close to Graceland and Stax Museum of American Soul Music. Of course, some of the most luxurious mid-rise and high-rise apartments are in the downtown area.

    Things for renting

    Shopping in Memphis, TN

    Wolfchase Galleria in Cordova is the most popular shopping mall among renters, featuring department stores like Vans, Buckle, Dillard's and Express. Likewise, Oak Court Mall is another indoor shopping mall frequented by renters looking for Macy's, Dillard's, Aéropostale and H&M. Renters especially enjoy Carriage Crossing - an open-air mall with Forever 21 and more. Or, the Laurelwood Shopping Center is where renters browse J McLaughlin, J. Jill and Joseph. Additionally, the Shops of Saddle Creek feature well-known brands, like Apple, Fabletics and Anthropologie, while in the Broad Avenue Arts District, renters discover new fashions at Mbabzi House of Style, Falling Into Place and T. Clifton Art. Or, Overton Square is where renters find Breakaway Running, Sweet Noshings, The Ivory Closet and The Art Project. Also, in East Memphis, renters have a mixed selection of boutiques, antiques and Oak Court Mall. Popular grocery stores when renting in Memphis include Whole Foods Market, The Fresh Market, Kroger and Sprouts Farmers' Market.

    Transportation in Memphis, TN

    The Memphis Area Transit Authority (MATA) operates 47 bus routes and three trolley lines: The Main Street trolley takes renters throughout downtown Memphis, stopping on Beale Street and at the National Civil Rights Museum; the Riverfront trolley also takes renters throughout downtown, making 18 stops along the Mississippi River; and the Madison trolley takes renters to Midtown. Alternatively, MATA bus routes take renters downtown and throughout suburbs and past other neighborhood rentals: Route 1 bus takes renters downtown to Graceland; Route 100 extensively covers the downtown area; and Route 39 takes renters downtown to Memphis International Airport. The Sun Studio Shuttle also offers free transportation between music attractions, and bicycle rentals are available through the "BYcycle" app. Finally, when in need of a flight, renters travel through the Memphis International Airport.

    Look for apartments near me

    Are you looking to land that one apartment near you that ticks all the boxes? Now you can browse through available RentCafe apartment listings in your area, rated and reviewed by verified residents. Comparing the size, price, amenities and location of apartments for rent near you is easier than ever. Do you feel like expanding the search beyond your neighborhood and ZIP code? Browse apartments for rent in your city and state to find the best fit, wherever you are in the U.S. Somewhere out there is the perfect apartment just waiting for you.

    Whether you're looking for a studio, an apartment with one or more bedrooms, or maybe you're upgrading to a luxury apartment or need to acommodate a pet, RentCafe allows you to easily search for a rental near you based on your criteria, anywhere in the U.S. So, let's find your new home today!