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Luxury Apartments for Rent in Memphis, TN

1,662 Rentals Available
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You viewed 829 of 1662 rentals.

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Memphis, TN rent trends

Rental prices in Memphis, TN have increased by 0.88% over the past year. The average rent moved from $1,125 to $1,135.

Check out the average rent prices in Memphis by neighborhood.

The average rent in the U.S. is $1,743 per month. The average rent in Memphis, TN is $1,135 per month.

Average rent in Memphis, TN

$1,135/mo Memphis, TN average rental price, October 2025
Image Average Rent

Apartment rentals in Memphis, TN have an average monthly rent of $1,135.

    What's the typical rent budget in Memphis, TN?

    11% of apartments in Memphis, TN cost between $1,501-$2,000. Rentals priced between $2,001-$2,500 represent 2% of apartments. Approximately 42% of Memphis’s apartments are in the $1,001-$1,500 price range. 45% of rental apartments are priced in the ≤ $1000 range. A share of 1% of apartment rentals in Memphis are in the $2,501-$3,000 range.

    The largest share of rentals in Memphis, TN (45%) fall between - per month. This suggests that most people succesfully find suitable apartments within this price.

    Getting around in Memphis, TN

    54 /100
    Somewhat Walkable
    34 /100
    Some Transit
    43 /100
    Somewhat Bikeable
    Walk Score®: 54, Transit Score®: 34, Bike Score®: 43

    Frequently asked questions

    What is the price of a luxury apartment in Memphis, TN?

    The price range is between $649 and $22,006.

    How many luxury rentals are available in Memphis, TN on RentCafe?

    There are 1941 luxury rentals available on RentCafe. Prices and availability in Memphis, TN were last updated on 21 Nov 2025.

    What is the average size of a luxury apartment in Memphis, TN?

    The average Memphis, TN luxury apartment size is 1,062 sq. ft.

    What are the advantages of renting a luxury apartment in Memphis, TN?

    Renting a luxury apartment in Memphis, TN comes with many amenities, more space and central locations.

    What are the downsides of renting a luxury apartment in Memphis, TN?

    Luxury apartments tend to be more expensive and have higher utility bills.

    Look for luxury apartments near me

    Looking for a top of the line, luxury apartment near you to move in to? Are you interested in having all new appliances, on site amenities, a gym, a pool, and private parking? Take a look at our high-end listings and search for the apartment that provides all that you need to feel at home using filters for top community and apartment amenities. On RentCafe you can find the luxury apartment you are looking for whether it's near you, in a specific neighborhood or ZIP code, or in the best area in town.

    RentCafe can help you find the best luxury apartment for you by allowing you to compare location, size and price. May it be near where you live now or anywhere in the U.S. that you want to move to, let's help you choose the perfect apartment.

    Renting a luxury apartment in Memphis, TN

    Here at RentCafe we appreciate the finer things in life and know that small things make big differences. So, when it comes to luxury apartments we are doing our utmost to bring you a selection of the best apartments in Memphis, TN and we try to provide solutions for every pocket. Just starting your career and you’re on the lookout for luxury studio apartments to move in alone, close to everything loud and bustling the city has to offer? Or you’re searching for luxury townhomes in quieter areas with playgrounds, where you want to raise a family but still make commuting feel like a breeze? There are 80 properties in Memphis, TN with an average size of 1,112 Sqft, so we’ve got your back whether you are on the search for small or large apartments.

    Choosing between high rise apartments

    We know that in today’s market finding the perfectly furnished, modern home among all the high rise apartments available might seem overwhelming. There are just so many interiors styled differently and so many buildings to choose from. And it’s not just about the interior. You’re shopping for amenities too: a fitness center or a spa, a yoga studio or a pool could all be deal breakers. After weeks of intense searching one apartment complex looks just like the other. That’s why we are providing detailed information including photos, floorplan and a straight to the point list of the amenities offered, so no guesswork is required. We also know that finding cheap luxury apartments sounds impossible, but the average price for listings in Memphis, TN is $2,391 and the lowest monthly rents start at $649, so you may be able to find some deals on luxury after all.

    Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!