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

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Memphis, TN Demographics

  • Total Population654,723
  • Female 311,133
    Male 343,590
  • Median Age33.7

Average Rent in Memphis, TN

  • Memphis, TN Average Rental Price, December 2019 $818 /mo

    Memphis, TN Apartment Rent Ranges

    • < $5006%
    • $501-$70041%
    • $701-$1,00032%
    • $1,001-$1,50017%
    • $1,501-$2,0003%
    • > $2,0001%

    Memphis, TN Rent Trends

    Average Rent Nov / 2016 Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Dec / 2019
    Memphis, TN $721 $726 $744 $743 $747 $772 $785 $787 $806 $815 $818
    National $1,354 $1,350 $1,382 $1,385 $1,388 $1,423 $1,431 $1,434 $1,469 $1,473 $1,474
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    Average rent is projected to grow by 3% in 2019 compared to 2018.

    Please note that projected rent growth is calculated at city level.

    Check out the average rent prices in Memphis by neighborhood.

    Memphis, TN Households

    • Total Number of Households250,259
    • Family 144,263
      Non-family 105,996
    • Children 75,502
      No Children 174,757
    • Average People Per Household2.55
    • Median Household Income$38,230
    • Median Housing Costs Per Month$881

    Memphis, TN Education Statistics

    • No High School5%
    • Some High School41%
    • Some College25%
    • Associate Degree5%
    • Bachelor Degree15%
    • Graduate Degree9%

    Renting a studio apartment in Memphis, TN

    If you’re a fan of living big on a budget, reducing your ecological footprint, and are determined to find an efficiency apartment in Memphis, TN, we have great news: on RENTCafé you have 9 small apartment units to choose from in 7 different properties. You may be surprised to know that studio apartments come in a variety of shapes and types. Once you decide on what your must-haves are, you can choose the right studio. If you’ll want your kitchen in the main room, why not aim for the most affordable one room apartments you can find? If you pride yourself on being frugal and always bragging to your friends about the great discounts and sales you just discovered, then put those skills to good use in your search for your next apartment. With the average rent currently at $1,341, opting for a cheap studio for as low as $880 is certainly a decision you’ll be able to gloat about and your wallet will thank you for.

    Top tip: an efficiency apartment can be comfortable

    Efficiency apartments may have just one multi-functional room, but it can be pretty spacious. You can get creative with the space, combine furniture and accent design elements in a harmonious and practical way, and you will end up with a very comfortable apartment where you can relax and unwind. If you’re not on a tight budget, you should definitely check out some bachelor flats that have a separate kitchen. You wouldn’t believe the difference it makes. While they don’t cost an arm and a leg, they are typically more expensive than a normal single bedroom apartment, so it’s probably a good idea to aim for the higher end of the price range—the highest price for a studio in Memphis, TN is currently $3,395.

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