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Studio Apartments for Rent in Memphis, TN - 9 Rentals available

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  • Apartment in

    67 Madison Ave., Memphis, TN
    $1,352 - $3,049
    • Studio-3 Beds
    • 1-3 Baths
    LEDIC Realty Company
    Available Today!
    (901) 578-2630
  • Apartment in

    70 S 4Th St., Memphis, TN
    $809 - $3,342
    • Studio-3 Beds
    • 1-2 Baths
    LMS Investment Management
    Available Today!
    (844) 503-6932
  • Apartment in

    252 North Lauderdale, Memphis, TN
    $960 - $980
    • Studio-3 Beds
    • 1-2 Baths
    Alco Management
    Available Today!
    (901) 523-9402
  • Apartment in

    252 North Lauderdale, Memphis, TN
    $805 - $1,750
    • Studio-3 Beds
    • 1-2 Baths
    Alco Management
    Available Today!
    (844) 210-6196

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Memphis, TN Demographics

  • Total Population657,167
  • Female 312,782
    Male 344,385
  • Median Age33.5

Average Rent in Memphis, TN

  • Memphis, TN Average Rental Price, January 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 Jan / 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
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Check out the average rent prices in Memphis by neighborhood.

Memphis, TN Households

  • Total Number of Households249,775
  • Family 145,841
    Non-family 103,934
  • Children 77,074
    No Children 172,701
  • Average People Per Household2.57
  • Median Household Income$36,445
  • Median Housing Costs Per Month$869

Memphis, TN Education Statistics

  • No High School5%
  • Some High School42%
  • Some College25%
  • Associate Degree5%
  • Bachelor Degree15%
  • Graduate Degree8%

Renting a studio apartment in Memphis, TN

The bad news is that the hip neighborhoods are typically not the places to look for truly affordable homes for rent, and Memphis, TN is no exception. That is unless you are willing to give up the (real or imagined) benefits of multiple rooms and experience the minimalist simplicity of a small apartment located smack dab in the middle of the action. Leaf through 4 listings with a total of 9 units, and you’ll be sure to find at least a couple of cheap studios that will make you wonder whether having one or two extra rooms is really worth the difference in price and commute time. Already a fan of living small? Why don’t you check out our selection of one room apartments—there’s always a better deal out there, you just have to know where to look for it (Alcy - Dunn is the cheapest neighborhood in town—wink wink).

They are called efficiency apartments for a reason

In case you’re still wondering, the time and effort put into finding an efficiency apartment does pay off. Literally, and pretty fast too. While the cheapest bachelor units normally have a small bath and one bigger, multifunctional space (meaning that the hall and the kitchen in the main room, basically), you don’t need to have that if it’s not your thing. You can find plenty of one-room apartments in Memphis, TN with a separate kitchen. These are still well under the price of an apartment with multiple rooms, but slightly more expensive than your average studio, so it’s a good idea to aim for the higher end of the price range. The currently the most expensive studio apartment in Memphis, TN costs a monthly $3,342.