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Apartments for Rent in Memphis, TN under $500
6 Rentals Available


Memphis, TN Demographics

  • Total Population651,932
  • Female 308,460
    Male 343,472
  • Median Age34

Average Rent in Memphis, TN

  • Memphis, TN Average Rental Price, August 2021 $967 /mo

    Memphis, TN Apartment Rent Ranges

    Memphis, TN Rent Trends

    Average Rent Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Mar / 2021 Jul / 2021 Aug / 2021
    Memphis, TN $772 $785 $787 $806 $815 $825 $845 $863 $887 $953 $967
    National $1,347 $1,356 $1,361 $1,393 $1,400 $1,402 $1,393 $1,397 $1,485 $1,510 $1,539

    Memphis, TN Households

    • Total Number of Households251,732
    • Family 142,433
      Non-family 109,299
    • Children 73,285
      No Children 178,447
    • Average People Per Household2.53
    • Median Household Income$41,228
    • Median Housing Costs Per Month$909

    Memphis, TN Education Statistics