Average Rent in Memphis, TN
This report covers average rent prices for apartments and single-family homes in Memphis, TN. Data is broken down by bedroom count and neighborhood. All estimates are powered by RentEstimate, the source for hyperlocal rental data and comps. View all city reports or get rent estimates by ZIP code.
Last updated: September 2026
Memphis, TN Rent by Property Type & Bedroom Count
| Property Type | Bedrooms | Average Rent | Properties |
|---|---|---|---|
| Apartment/Condo | 1 Bedroom | $1,243 | 301 |
| Apartment/Condo | 2 Bedrooms | $1,498 | 322 |
Average Rent in 38103 (Memphis, TN)
| Property Type | Bedrooms | Average Rent | Properties | View Rent Estimates |
|---|---|---|---|---|
| Apartment/Condo | 1 Bedroom | $1,474 | 132 | View 1-Bedroom Apartment Rent Estimates in 38103 |
| Apartment/Condo | 2 Bedrooms | $1,939 | 102 | View 2-Bedroom Apartment Rent Estimates in 38103 |
Average Rent in 38104 (Memphis, TN)
| Property Type | Bedrooms | Average Rent | Properties | View Rent Estimates |
|---|---|---|---|---|
| Apartment/Condo | 1 Bedroom | $1,191 | 101 | View 1-Bedroom Apartment Rent Estimates in 38104 |
| Apartment/Condo | 2 Bedrooms | $1,379 | 86 | View 2-Bedroom Apartment Rent Estimates in 38104 |
Average Rent in 38115 (Memphis, TN)
| Property Type | Bedrooms | Average Rent | Properties | View Rent Estimates |
|---|---|---|---|---|
| Apartment/Condo | 1 Bedroom | $871 | 68 | View 1-Bedroom Apartment Rent Estimates in 38115 |
| Apartment/Condo | 2 Bedrooms | $1,063 | 81 | View 2-Bedroom Apartment Rent Estimates in 38115 |
Average Rent in 38125 (Memphis, TN)
| Property Type | Bedrooms | Average Rent | Properties | View Rent Estimates |
|---|---|---|---|---|
| Apartment/Condo | 2 Bedrooms | $1,506 | 53 | View 2-Bedroom Apartment Rent Estimates in 38125 |
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Frequently Asked Questions
What is the average rent for a 1-bedroom apartment in Memphis, TN?
The average rent for a 1-bedroom apartment in Memphis, TN is $1,243 per month.
What is the average rent for a 2-bedroom apartment in Memphis, TN?
The average rent for a 2-bedroom apartment in Memphis, TN is $1,498 per month.
How often is this rent data updated?
Rent reports are updated monthly to provide the latest average rental prices by property type and neighborhood. Our data is powered by RentEstimate, ensuring you get current, reliable rental market information.
What ZIP codes are covered in the Memphis, TN rent report?
This report covers 4 ZIP codes in Memphis, TN, including: 38103, 38104, 38115, 38125. See the detailed breakdown by ZIP code in the tables above.