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Luxury Apartments for Rent in Memphis, TN

1,662 Rentals Available

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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 1939 luxury rentals available on RentCafe. Prices and availability in Memphis, TN were last updated on 22 Nov 2025.

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

    The average Memphis, TN luxury apartment size is 1,068 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.