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Memphis, TN
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Apartments for rent in Memphis, TN

Living in Memphis

Memphis is a city steeped in music history and Southern hospitality. Renters can enjoy vibrant neighborhoods like Downtown or Cooper-Young, which offer trendy apartments near live music venues, restaurants, and cultural attractions. Families often choose areas like East Memphis or Germantown for their spacious homes and proximity to parks and schools. With its strong healthcare sector and growing logistics industry, Memphis provides career opportunities alongside a rich cultural experience rooted in blues, barbecue, and history.
Life in Memphis
Average rental prices
Studio
$1,043
1 bed
$1,151
2 beds
$1,270
3+ beds
$1,443
Great for
Music lovers
Young professionals in healthcare/logistics industries
Families seeking suburban living

Best Apartments in Memphis

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Rental pricing trends in Memphis

The average rent for a 1 bedroom apartment in Memphis is $1,151, while the average rent for a 2 bedroom apartment is $1,270.

Rent rates updated 2 days ago. Averages are based on the rental prices of properties listed on Apartment List.

How many bedrooms do you need?
Availability of rentals by price
1 Bedroom
$0 1 2 3 4 5 6 7 8 9,0 1 2 3 4 5 6 7 8 90 1 2 3 4 5 6 7 8 90 1 2 3 4 5 6 7 8 9
Average rent
0 1 2 3 4 5 6 7 8 90 1 2 3 4 5 6 7 8 90 1 2 3 4 5 6 7 8 9
Units available
0%Rent trend (YoY)(for all bed counts)

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Luxury spaces you'll love

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Top neighborhoods

Hickory Hill
Hickory Hill
What it’s like to live in Hickory Hill
Value-conscious renters gravitate to Hickory Hill, where this southeast Memphis neighborhood offers more living space than urban districts. Apartments and rental homes typically feature generous floor plans and parking – features increasingly rare in trendier areas. The neighborhood provides excellent access to both I-385 and Winchester Road shopping, creating convenience for households who prioritize practicality over walkability.
Great for
Families
Retirees
Professionals
Young Renters
Commuters
Neighborhood vibe
Mixed-Use
Peaceful
Mixed-Use & Commercial
Parkway Village
Parkway Village
What it’s like to live in Parkway Village
Parkway Village features mid-century homes with family-friendly amenities in southeastern Memphis. Rental properties typically include larger yards and more space than similarly priced options in central or northern districts. The neighborhood provides excellent access to both Memphis International Airport employment and shopping along Winchester Road, making it particularly popular with aviation professionals and airport employees seeking convenient commutes.
Great for
Affluent Families
Luxury Renters
Professionals
Retirees
Neighborhood vibe
Suburban
Green Spaces
Family-Friendly
Alta Vista
Alta Vista
What it’s like to live in Alta Vista
Medical District employees choose Alta Vista for its unbeatable five-minute commute to Methodist University Hospital. The neighborhood's architectural diversity offers everything from classic Memphis bungalows to mid-century ranch homes at price points impossible closer to downtown. Walking distance to Overton Park means weekend recreation without planning complicated outings, while the Crosstown Concourse development brings unexpected dining and cultural options to this formerly overlooked area. Unlike downtown high-rises with their corporate management companies, most properties feature responsive local landlords understanding healthcare workers' unique scheduling needs. What you won't find in rental listings: the community's impressive Halloween decorations and porch gatherings have created genuine connections between longtime residents and newcomers beyond typical urban anonymity.
Great for
Families
Retirees
Professionals
Young Renters
Commuters
Neighborhood vibe
Mixed-Use
Peaceful
Mixed-Use & Commercial

Renting in Memphis: Tips and local insights

Navigate apartment hunting and city life like a local with our curated articles about Memphis, Tennessee.

 Memphis, Tennessee, USA downtown skyline.
Apartment Moving

Cost of Living in Memphis, TN 2024

October 11

Renter Satisfaction

Apartment List has released Memphis’ results from the third annual Apartment List Renter Satisfaction Survey. This survey, which drew on responses from over 45,000 renters nationwide, provides insight on what states and cities must do to meet the needs of the country’s 111 million renters.

"Memphis renters expressed general satisfaction with the city overall," according to Apartment List. "Some categories received average scores, and many received below average scores."

Overall30%
Affordability90%
Weather60%
Pet friendly40%
Commute time30%
Taxes30%
Career10%
Dating10%
Safety0%
Schools0%
Public transit0%
Recreation0%
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