Memphis, TN in the News
1 in 3 Renters Are Looking to Upsize to an Extra Bedroom: What It Costs & Where to Upgrade for Less
The Hottest Rental Markets in the U.S.: Mid-sized Hubs Take the Lead in Competivity
Year-End Report 2020: Rental Season Delayed and Cut Short, Gen Z Renters Overtake Gen X, and Big City Rents Drop
The Best Cities for Millennial Renters: Austin Challenges Seattle for the Throne
Quarantine Parenting: Top Family-Centric Cities in the U.S.
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Frequently Asked Questions
When were prices and availability in Memphis, TN last updated?
Prices and availability in Memphis, TN were last updated on 27 May 2022.
What are the best apartments in Memphis, TN?
What is the average rent in Memphis, TN?
The average rent in Memphis, TN is $1,005. 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 $850 and $5,932. 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 $548 and $4,724. 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 $550 and $4,865. 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 $749 and $5,932. Browse all available 3-bedroom apartments in Memphis, TN.
Memphis, TN Demographics
- Total Population651,932
Female 308,460Male 343,472
- Median Age34
Memphis, TN has a population of 651,932 according to the most recent data from the U.S. Census Bureau. 343,472 of Memphis’s residents are women and 308,460 are men. The median age of those who live in Memphis, TN is 34.
Average Rent in Memphis, TN
- Memphis, TN Average Rental Price, February 2022 $1,005 /mo
The average monthly rent of apartments in Memphis, TN is $1,005.
Memphis, TN Apartment Rent Ranges
About 43% of apartment rents in Memphis, TN range between $701-$1,000. Meanwhile, apartments priced over $1,001-$1,500 represent 24% of apartments. Around 20% of Memphis’s apartments are in the $501-$700 price range. 1% of apartments are priced between < $500.
Memphis, TN Rent Trends
|Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Nov / 2020||Mar / 2021||Jul / 2021||Nov / 2021||Feb / 2022|
Compared to the national average rent of $1,628, the average rent in Memphis, TN is $1,005.
Memphis, TN Households
- Total Number of Households251,732
Family 142,433Non-family 109,299
Children 73,285No Children 178,447
- Average People Per Household2.53
- Median Household Income$41,228
- Median Housing Costs Per Month$909
According to U.S. Census data, there are 251,732 households in Memphis, TN. 142,433 are family households and 109,299 are non-family households. There are 73,285 households with children in Memphis and 178,447 households without children. On average, about 2.53 people live in a household in Memphis, TN. The median income of a Memphis household living in Memphis is $41,228 per year. The median housing costs per month are $909.
Memphis, TN Education Statistics
The level of education of the population of Memphis, TN is as follows: 5% have no high school education, 41% completed some high school, 25% partially completed college, 5% have an Associate Degree, 15% have a Bachelor Degree, and 9% have a Graduate Degree.
RentCafe is your one-stop shop for finding a great new apartment in Memphis, TN. Easily search through a wide selection of apartments for rent in Memphis, TN, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Browse Memphis, TN apartments with rents starting from $562 and submit your rental application today!