Rental prices in University Area, Memphis, TN have decreased by 2.05% over the past year. The average rent moved from $734 to $719.
Check out the average rent in Memphis.
The national average price of rental apartments is $1,750, while the average monthly rent in University Area, Memphis, TN is $719.
The average monthly rent for an apartment in University Area, Memphis, TN is around $719.
The price range of a house for rent is between $870 and $3,500.
There are 2 house rentals available on RentCafe. Prices and availability in University Area, Memphis, TN were last updated on 18 Nov 2025.
The average University Area, Memphis, TN rental house size is 1,871 sq. ft.
Renting a house in University Area, Memphis, TN comes with more space, both indoor and outdoor.
Houses for rent in University Area, Memphis, TN are usually located in non-central areas.
In total, University Area, Memphis, TN has 6,970 residents, 3,551 women and 3,419 men, per U.S. Census recent estimates. Statistics show that the median age of University Area’s population is 34.
There is a total of 2,779 households in University Area, Memphis, TN. Of these, 725 have children and 2,053 are without children. Per Census Bureau’s most current estimates, 1,417 family households and 1,362 non-family households live in this area. The size of a household in University Area is 1.98 people, on average. The median household annual income in University Area equals $36,393, and the monthly housing costs equal $962.
According to data from the U.S. Census Bureau, 7% of the population in University Area, Memphis, TN have no high school education, 38% went to high-school, and 27% have partially completed college. Moreover, 5% of the population hold an Associate Degree, 13% hold a Bachelor Degree, and 10% hold a Graduate Degree.
In real estate, location is everything. But as you are looking at homes for rent in University Area, Memphis, TN it seems that you’ve got this part already figured out. There are 25 apartment rental properties in University Area, Memphis, TN with prices ranging from $700 to $3,500. That can be a lot to browse through. If you are looking at cheap houses for rent and the maximum you can afford is less than $3,500, simplify your search by typing the maximum you can afford in the Rent filter. When you are searching in the price range of 3 bedroom duplexes there is no need to look at all the 4 bedroom single family homes for rent. Now that we got this out of the way, the real grind begins. The devil is in the amenities. Well, not really, but there are so many choices, you don’t know where to start. Buckle up, it can be a bumpy ride and it could wreak some temporary havoc in your otherwise perfect apartment search.
Remember how hard it was to search for your first apartment alone? How confused you were because of all the things you had to consider? We’d like to tell you that things will be a lot easier this time around, not only because you’re more experience, but also because we’re here to help you along the way. It is easy to agree on whether you need a 1 bedroom or a 2 bedroom house, but there might also be some debates on the importance of a fireplace, A/C, garage or a pool. Sit down and talk about what are your must-haves and nice-to-haves. Agree on the amenities even before the serious hunt for rental homes starts. With a clear plan, browsing through our 25 houses for rent in University Area, Memphis, TN is a breeze as you can filter the results based on your favorite amenities and features.
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