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3048 Moriah Trail, Memphis, TN 38115$550 - $1,175
- 1-2 Beds
- 1-2.5 Baths
Available Today! -
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! -
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6277 Lake Arbor Drive, Memphis, TN 38115$540 - $840
- 1-3 Beds
- 1-2 Baths
Available Today! -
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4291 Overton Crossing, Memphis, TN 38127$695
- 3 Beds
- 1 Bath
Available Today! -
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783 PORTER ST, Memphis, TN 38126$550
- 1 Bed
- 1 Bath
CBC Consolidated Business Concepts, LLC -
972 Peabody Avenue, Memphis, TN 38104$625
- 2 Beds
- 1 Bath
CBC Consolidated Business Concepts, LLC -
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%
Apartments in Memphis, TN under $700
Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $700?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 71 apartments for rent in Memphis, TN on which you’ll spend less than $700. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.
Rentals near you under $700
Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $700. The average rental size in Memphis, TN is 939 Sqft, but the $700 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.