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Luxury Apartments for Rent in Raleigh, Memphis, TN

519 Rentals Available
Luxury Apartments for Rent in Raleigh, Memphis, TN. 519 Rentals Available
  • 187
    Top Rated for Location
    Rent Specials
    a kitchen with white appliances and a dining room with a table at The Summit Apartments, Memphis, Tennessee a bedroom with a bed and a window at The Summit Apartments, Memphis, Tennessee
    4.5
    Today

    4981 Hidden Lake Drive, Memphis, TN 38128
    22 Units available
    1 BED $708+
    2 BEDS $1,025+
    3 BEDS $1,259+
    Property reviews
    5/5 Anonymous on Oct 4, 2023

    Great i love living here . Ive had no prombles.

    5/5 Allyie H. on Oct 15, 2019

    maintenance and staff are great.

  • Today

    2984 Wood Thrush Drive, Memphis, TN 38134
    4 BEDS $2,150
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    5457 Fincastle Cv, Memphis, TN 38134
    4 BEDS $1,820
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    4990 Clinchstone Circle, Memphis, TN 38128
    2 BEDS $1,295
    3 BEDS $1,395+
    4 BEDS $1,795
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    5299 TWIN WOODS AVENUE, Memphis, TN 38134
    3 BEDS $1,515
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    1392 Equestrian Drive, Cordova, TN 38016
    1 BED $1,279+
    2 BEDS $1,421+
    3 BEDS $1,411+
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  • Today

    330 N. Humphreys Blvd, Memphis, TN 38120
    1 BED $1,254+
    2 BEDS $1,479+
    3 BEDS $1,816+
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    3427 Southern Avenue, Memphis, TN 38111
    Income Restricted
    STUDIO Ask for Pricing
    1 BED $785+
    2 BEDS $897+
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    1350 Concourse Avenue, Suite 750, Memphis, TN 38104
    Income Restricted
    STUDIO Ask for Pricing
    1 BED $1,830+
    2 BEDS $1,960+
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    6344 Quail Meadow Cv., Bartlett, TN 38135
    1 BED $1,355+
    2 BEDS $1,455+
    3 BEDS $1,800+
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    4200 Trenton Dr., Bartlett, TN 38135
    1 BED $1,300+
    2 BEDS $1,500+
    3 BEDS $2,046+
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    6840 Union Depot Dr., Bartlett, TN 38134
    1 BED $1,560+
    2 BEDS $1,910
    3 BEDS $2,550+
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    2165 E. River Trace Dr., Memphis, TN 38134
    1 BED $863+
    2 BEDS $925+
    3 BEDS $1,197+
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    6939 Dusty Trail Ln, Memphis, TN 38133
    1 BED $1,192+
    2 BEDS $1,285+
    3 BEDS $1,529+
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    2540 Broad Ave, Memphis, TN 38112
    STUDIO $816+
    1 BED $1,255+
    2 BEDS $1,603+
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    1769 Sugarloaf, Memphis, TN 38108
    3 BEDS $855
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    4884 Walden Glen St, Memphis, TN 38128
    3 BEDS $1,330
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    5125 Warfield Drive, Memphis, TN 38117
    3 BEDS $1,300
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    3333 Denver Street, Memphis, TN 38127
    2 BEDS $22,006
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    197 Windover Rd, Memphis, TN 38111
    1 BED $1,314+
    2 BEDS $1,149+
    3 BEDS Ask for Pricing
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    2439 Dove Glen Cove, Memphis, TN 38133
    3 BEDS $1,790
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    395 S Highland St., Memphis, TN 38111
    STUDIO $1,403+
    1 BED $1,199+
    2 BEDS $1,698+
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    7819 Crescent Ridge Ln, Memphis, TN 38133
    1 BED $1,195+
    2 BEDS $1,320+
    3 BEDS $1,520+
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    300 South Hollywood Street, Memphis, TN 38104
    1 BED $1,425+
    2 BEDS $1,725+
  • Today

    777 Mt Moriah Rd., Memphis, TN 38117
    1 BED Ask for Pricing
    2 BEDS $1,299
    3 BEDS $1,448
5-20-nhood
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Raleigh, Memphis, TN rent trends

Rental prices in Raleigh, Memphis, TN have increased by 3.53% over the past year. The average rent moved from $883 to $915.

Average rent in Raleigh, Memphis, TN

$915/mo Raleigh, Memphis, TN average rental price, October 2025
Image Average Rent

The average monthly rent for an apartment in Raleigh, Memphis, TN is around $915.

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

    A share of 85% of apartments in Raleigh, Memphis, TN have the cheapest rents between ≤ $1000. Around 15% of Raleigh's apartments have monthly rents between $1,001-$1,500.

    The largest share of rentals in Raleigh, Memphis, TN (85%) fall between - per month. This suggests that most people succesfully find suitable apartments within this price.

    Getting around in Raleigh, TN

    45 /100
    Car-Dependent
    31 /100
    Some Transit
    33 /100
    Somewhat Bikeable
    Walk Score®: 45, Transit Score®: 31, Bike Score®: 33

    Frequently asked questions

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

    The price range is between $705 and $2,252.

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

    There are 30 luxury rentals available on RentCafe. Prices and availability in Raleigh, Memphis, TN were last updated on 25 Nov 2025.

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

    The average Raleigh, Memphis, TN luxury apartment size is 1,757 sq. ft.

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

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

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

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

    Raleigh, Memphis, TN demographics

    • 35,507Total Population
    • 18,711 Female
      16,796 Male
    • 31Median Age

    In total, Raleigh, Memphis, TN has 35,507 residents, 18,711 women and 16,796 men, per U.S. Census recent estimates. Statistics show that the median age of Raleigh’s population is 31.

    Raleigh, Memphis, TN households

    • 8,017 Family
      4,839 Non-family
    • 4,662 Children
      8,194 No Children
    • 12,856Total Number of Households
    • 1.93Average People Per Household
    • $45,456Median Household Income

    There is a total of 12,856 households in Raleigh, Memphis, TN. Of these, 4,662 have children and 8,194 are without children. Per Census Bureau’s most current estimates, 8,017 family households and 4,839 non-family households live in this area. The size of a household in Raleigh is 1.93 people, on average. The median household annual income in Raleigh equals $45,456, and the monthly housing costs equal $1,106.

    Raleigh, Memphis, TN education statistics

    According to data from the U.S. Census Bureau, 5% of the population in Raleigh, Memphis, TN have no high school education, 48% went to high-school, and 24% have partially completed college. Moreover, 8% of the population hold an Associate Degree, 10% hold a Bachelor Degree, and 5% hold a Graduate Degree.

    Renting a luxury apartment in Raleigh, Memphis, TN

    In Raleigh, Memphis, TN you can find 25 modern buildings to choose from with as many as 516 high rise apartments. If you are looking for one of the best apartments in Raleigh, Memphis, TN, Raleigh, Memphis, TN is the perfect place to start looking. It might be useful to know that the average size of a Raleigh, Memphis, TN apartment is about 1,307 Sqft, but it can vary according to property type. So, it doesn’t really matter what sort of property you desire. Whether you’re looking for a luxury studio apartment just for yourself, or a luxury townhome that you can share with your family, Raleigh, Memphis, TN has them all. On average, luxury apartments in Raleigh, Memphis, TN go for $2,561 with high end apartments renting for up to $22,006. If you’re looking for a more affordable price, you can find cheap luxury apartments priced from $708. Whether you’re looking to downsize, or if you prefer large apartments, one of the 516 is going to fit your style.

    The advantages of renting high rise apartments in Raleigh, Memphis, TN

    High rise apartments are so popular because they give residents access to all the amazing amenities that these modern, state of the art properties offer. Fitness centers, roof-top decks, social lounges, on-site spa services, you name it, they’re part of the package! Your apartment complex will become a place where you can be active, comfortable and taken care of. Also, you won’t have to decorate or buy furniture, because these properties come already furnished. Don’t get caught up in appearances though! These properties might offer incredible interiors and lavish amenities, but there’s more than meets the eye. Renting a luxury apartment makes sense for many renters because they offer some major advantages, not the least of which is security. Most luxury communities usually have security gates and a doorman. In addition, some offer security systems in each unit, so your protection is always guaranteed.

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