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2778 Pickering Drive, Memphis, TN 38115$540 - $820
- 1-3 Beds
- 1-2 Baths
Available Today! -
5995 Waterstone Oak Way, Memphis, TN 38115$510 - $870
- 1-3 Beds
- 1-2.5 Baths
Available Today! -
3048 Moriah Trail, Memphis, TN 38115$565 - $1,195
- 1-2 Beds
- 1-2.5 Baths
Available Today! -
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6277 Lake Arbor Drive, Memphis, TN 38115$540 - $840
- 1-3 Beds
- 1-2 Baths
Available Today! -
1770 Piping Rock Drive, Memphis, TN 38116$455 - $762
- 1-4 Beds
- 1-2 Baths
Available Today! -
783 PORTER ST, Memphis, TN 38126$550
- 1 Bed
- 1 Bath
CBC Consolidated Business Concepts, LLCAvailable Today! -
3707 Pershing Park Drive, Memphis, TN 38127
- 1-3 Beds
- 1 Bath
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Memphis, TN Demographics
- Total Population654,723
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Female 311,133Male 343,590
- Median Age33.7
Average Rent in Memphis, TN
- Memphis, TN Average Rental Price, May 2019$812/mo
Memphis, TN Apartment Rent Ranges
- < $50010%
- $501-$70036%
- $701-$1,00033%
- $1,001-$1,50018%
- $1,501-$2,0003%
- > $2,0001%
Memphis, TN Rent Trends
| Average Rent | Jan / 2016 | May / 2016 | Sept / 2016 | Jan / 2017 | May / 2017 | Sept / 2017 | Jan / 2018 | May / 2018 | May / 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Memphis, TN | $733 | $743 | $752 | $753 | $767 | $767 | $765 | $769 | $812 |
| National | $1,290 | $1,319 | $1,334 | $1,329 | $1,354 | $1,366 | $1,366 | $1,381 | $1,396 |
Average rent is projected to grow by 2% in 2018 compared to 2017.
Please note that projected rent growth is calculated at city level.
Average rent values on this page are aggregated from data from the following zip codes: 3801638018381033810438105381063810738108381093811138112381143811538116381173811838119381203812238125381263812738128381313813238133381343814138152
Check out the average rent prices in Memphis by neighborhood.
Memphis, TN Households
- Total Number of Households250,259
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Family 144,263Non-family 105,996
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Children 75,502No Children 174,757
- Average People Per Household2.55
- Median Household Income$38,230
- Median Housing Costs Per Month$881
Memphis, TN Education Statistics
- No High School5%
- Some High School41%
- Some College25%
- Associate Degree5%
- Bachelor Degree15%
- Graduate Degree9%
Renting apartments in Memphis, TN under $600
Searching for apartments for rent in Memphis, TN under $600 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RENTCafé can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Memphis, TN, where the average rent is $680 per month, there are 42 units available for less than $600. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.
We’ll help you find the cheapest rental near you
Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $600” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Memphis, TN. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Memphis, TN going for $455 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.