Memphis, TN rental market
What is the average rent in Memphis, TN?
Last updated June 21, 2026
Rental market summary
The average rent for all bedrooms and all property types in Memphis, TN is $1,250.
Average rent
$1,250
Month-over-month change
$0
Year-over-year change
-$77
Available rentals
3,157
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $100 to $9,895.
| Rent price | Number of rental properties |
|---|---|
| $0 | 15 |
| $500 | 31 |
| $600 | 122 |
| $700 | 215 |
| $800 | 297 |
| $900 | 391 |
| $1,000 | 316 |
| $1,100 | 299 |
| $1,200 | 315 |
| $1,300 | 301 |
| $1,400 | 253 |
| $1,500 | 278 |
| $1,600 | 193 |
| $1,700 | 139 |
| $1,800 | 100 |
| $1,900 | 78 |
| $2,000 | 50 |
| $2,100 | 44 |
| $2,200 | 32 |
| $2,300 | 29 |
| $2,400 | 33 |
| $2,500 | 25 |
| $2,600 | 12 |
| $2,700 | 14 |
| $2,800 | 12 |
| $2,900 | 17 |
| $3,000 | 11 |
| $3,100 | 4 |
| $3,200 | 3 |
| $3,300 | 4 |
| $3,400 | 8 |
| $3,500 | 2 |
| $3,700 | 8 |
| $3,800 | 12 |
| $3,900 | 7 |
| $4,200 | 2 |
| $4,300 | 1 |
| $4,400 | 2 |
| $4,500 | 7 |
| $4,600 | 4 |
| $4,700 | 1 |
| $4,800 | 2 |
| $4,900 | 4 |
| $5,000+ | 30 |
Average rent price over time
In the last year, rent has decreased by $77 compared to the previous year.
| Last year (2025) | This year (2026) | |
|---|---|---|
| Jan | $1,300 | $1,235 |
| Feb | $1,300 | $1,225 |
| Mar | $1,345 | $1,235 |
| Apr | $1,350 | $1,250 |
| May | $1,345 | $1,250 |
| Jun | $1,325 | $1,250 |
| Jul | $1,350 | No data |
| Aug | $1,345 | No data |
| Sep | $1,300 | No data |
| Oct | $1,295 | No data |
| Nov | $1,250 | No data |
| Dec | $1,250 | No data |
Market temperature
The Memphis, TN rental market temperature is COOL. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Memphis, TN is 38% lower than the national average.
$1,250
$2,015
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Frequently asked questions
1. What is the average rent in Memphis, TN?
2. What is the average rent for a studio apartment in Memphis, TN?
3. What is the average rent for a one-bedroom apartment in Memphis, TN?
4. What is the average rent for a two-bedroom apartment in Memphis, TN?
5. What is the average rent for a three-bedroom apartment in Memphis, TN?
6. What is the average rent for a four-bedroom apartment in Memphis, TN?
7. How much does it cost to rent a house in Memphis, TN?
8. How has the rent in Memphis, TN changed in the last year?
9. How much has the rent in Memphis, TN increased/decreased in the last month?
10. How many available rentals are there in Memphis, TN?
11. How do rent prices in Memphis, TN compare with the national average?
