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Studio Apartments for Rent in Memphis, TN
76 Rentals Available


Popular searches Average rent Renters guide Demographics

Average rent in Memphis, TN

$1,063/mo Memphis, TN average rental price, October 2022
Image Average Rent

Apartments in Memphis, TN rent for $1,063 per month, on average.

    Memphis, TN apartment rent ranges

    14% of apartments in Memphis, TN are priced between $501-$700. About 44% charge rents in the $701-$1,000 range. Approximately 28% of Memphis’s apartment rentals are priced between $1,001-$1,500. Meanwhile, 11% of apartments are in the most expensive $1,501-$2,000 range.

    Memphis, TN rent trends

    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 studio apartment in Memphis, TN?

    The price range of a studio apartment is between $625 and $4,201. Search our studio apartments in Memphis, TN.

    How many studio apartments for rent are available in Memphis, TN on RentCafe?

    There are 61 studio rentals available on RentCafe. Prices and availability in Memphis, TN were last updated on 26 Jan 2023.

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

    The average Memphis, TN studio apartment size is 557 sq. ft.

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

    Studio apartments in Memphis, TN tend to be more affordable than other apartments and they have lower utility costs.

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

    One of the downsides of living in a studio apartment is the limited storage space. You might be interested in 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, or browse all RentCafe apartments for rent in Memphis, TN.

    Memphis, TN demographics

    The total population of Memphis, TN is 650,910, of which 307,896 are men and 343,014 are women, according to the most recent U.S. Census Bureau estimates. The residents of Memphis have a median age of 34.2.

    Memphis, TN households

    • 142,661 Family
      113,095 Non-family
    • 73,321 Children
      182,435 No Children
    • 255,756Total Number of Households
    • 2.49Average People Per Household
    • $41,864Median Household Income

    A total of 255,756 households live in Memphis, TN, of which 142,661 are family households and 113,095 are non-family households, per U.S. Census estimates. Of these, approximately 73,321 households have children and 182,435 households do not have children. The average size of a household in Memphis, TN is 2.49. The median household income in Memphis is $41,864 annually, with $913 per month going towards housing.

    Memphis, TN education statistics

    According to Census data, 4% of the population in Memphis, TN have no high school education, 40% went to high school, 26% have some college education, 5% earned an Associate Degree, 15% earned a Bachelor Degree, and 9% earned a Graduate Degree.

    Look for studio apartments near me

    Are you looking to land a small but cool studio apartment near you? Is an unbeatable location more important to you than lots of space? You can now browse through all available RentCafe listings, to find the perfect studio apartment near you, in your favorite neighborhood, ZIP code, or in another city or state in the U.S. wherever life takes you. Check the ratings and reviews of properties with studio apartments, filter them based on your criteria, and find the one that suits your needs.

    Compare the size, price and location, as well as amenities, both inside and outside the apartment. Whether you are looking for a more modern studio near you, or one in a charming old building, or maybe you want to be close to a certain park, the downtown area of your city, or near family or friends, RentCafe allows you to find the best fit for you - so, let's find your new home!

    Renting a studio apartment in Memphis, TN

    Studio apartments are becoming more popular than ever. Just type the two words in your search box and you’ll discover an infinite number of pages praising these single bedroom apartments and offering invaluable advice on how to transform yours into the perfect home. Whether you’re looking to put some money aside, or you just want to declutter and downgrade, RentCafe will help you choose from a fine selection of 22 Memphis, TN properties. About 22 rental units are located in Memphis, TN, with the average rent currently at $1,550. The average size for a Memphis, TN studio apartment is 874 Sq.Ft., but it doesn’t hurt to know that not all studios are the same. If you’re looking for cheap apartments, you can find a great deal for as low as $450. One room apartments with the kitchen in the main room are usually the most affordable. Opting for a cheap studio is a great decision for your wallet, even if it might take some getting used to living in a smaller space.

    They’re not called efficiency apartments for nothing

    We might all be victims of the “go big or go home” philosophy, but just think about all the benefits a small apartment can bring. Choosing an efficiency apartment means that you can live in the best part of town. Also, imagine how little time you’ll have to spend cleaning or how little money you need to spend on furniture and decor. Once you find an efficiency apartment you like, don’t let it slip away. You can apply for a lease online right here on RentCafe. If you still want to go bigger and you’re not on a tight budget, you can check out some bachelor flats that have a separate kitchen. They tend to cost more than a one room apartment, the most expensive studios in Memphis, TN renting for up to $7,151. Regardless of your preference, among the 22 Memphis, TN apartments are, you’re sure to find a studio that fits your lifestyle and your personal taste.

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