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843 Apartments for rent in Memphis, TN

There's a town that I call home, where all the streets are paved with soul. Down on Beale there's a honky-tonk bar, so hear the wail of a blues guitar. Have a beer and drop a dime in ... Read Guide >
Featured
The Grove at Trinity Pointe
555 Wood Arbor Pkwy
Memphis, TN
Updated January 17 at 07:38am
1 Bedroom
$613
2 Bedrooms
$903
3 Bedrooms
$1,127
Featured
The Reserve at Dexter Lake
1505 Dexter Lake Dr
Memphis, TN
Updated January 17 at 07:33am
1 Bedroom
$918
2 Bedrooms
Ask
3 Bedrooms
Ask
Located just moments from the Market of Wolfcreek and Walmart Supercenter, this community has its own lake, gazebo, fishing boats and athletic facility. In-unit features include spa-like bathrooms, private garages and outdoor storage.
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Featured
Azur Tower
305 S Bellevue Blvd
Memphis, TN
Updated January 17 at 07:32am
1 Bedroom
$719
2 Bedrooms
Ask
Spacious one- and two-bedroom apartments within walking distance of the trolley line and close to dining and entertainment. Swimming pool, free weights, and lounge for residents.
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Featured
Shelby Grove Apts
6357 Shelby Briar Dr
Memphis, TN
Updated January 17 at 07:07am
2 Bedrooms
$847
Community is pet-friendly, with green space, playground and on-site management. Located just minutes from I-40 and I-240. Apartments have washer and dryer hookups, ceramic tile and fully-equipped kitchens.
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Featured
Hickory Farm
3822 Hickory Farms Dr
Memphis, TN
Updated January 17 at 06:50am
1 Bedroom
$780
2 Bedrooms
$1,025
Featured
The Summit
4981 Hidden Lake Dr
Memphis, TN
Updated January 17 at 04:25am
1 Bedroom
$571
2 Bedrooms
$742
3 Bedrooms
$818
Featured
Crescent at Wolfchase
7819 Crescent Ridge Ln
Memphis, TN
Updated January 17 at 04:24am
1 Bedroom
$950
2 Bedrooms
$948
3 Bedrooms
$1,096
Located close to Highway 64 and I-40. Units have controlled access entry gate, scenic pond and 24-hour fitness center. Located close to Shelby County School District schools and the University of Memphis.
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Featured
Country Squire
8056 Country Squire Lane
Memphis, TN
Updated January 17 at 08:19am
1 Bedroom
$608
2 Bedrooms
$699
Featured
Cottonwood Apartments
4653 Cotton Dr
Memphis, TN
Updated January 17 at 06:49am
1 Bedroom
$495
2 Bedrooms
$555
Featured
Lincoln at Wolfchase
2460 Vintage Dr
Memphis, TN
Updated January 17 at 05:28am
1 Bedroom
$810
2 Bedrooms
$870
3 Bedrooms
Ask
Luxury apartments with bay windows, high ceilings, walk-in closets and garden tubs. In the vicinity of Wolfchase Mall, the pet-friendly community has a swimming pool, a business center and grilling stations, among other amenities.
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Featured
Faronia Square
1350 S Faronia Sq
Memphis, TN
Updated January 17 at 12:42am
2 Bedrooms
$715
3 Bedrooms
$790
Featured
Preserve at Forest Creek
9230 Thornbury Blvd
Memphis, TN
Updated January 17 at 05:28am
1 Bedroom
$990
2 Bedrooms
$1,253
3 Bedrooms
$1,347
Upscale apartment community features large pool, modern gym, tennis court and indoor basketball court. Units feature fireplace and patio or balcony. Pets welcome for an additional fee.
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Featured
The Preserve at Southwind
7991 Capilano Dr
Memphis, TN
Updated January 17 at 04:25am
1 Bedroom
$783
2 Bedrooms
$1,016
3 Bedrooms
$1,170
Featured
Kirby Station
6653 N Quail Hollow Rd
Memphis, TN
Updated January 17 at 04:25am
1 Bedroom
$801
2 Bedrooms
$906
Minutes from I-240 as well as the Germantown shopping area. A 25-acre community with an outside fireplace, fitness center, and lighted tennis court. Apartments feature wood-burning fireplaces, private balconies or patios, and Whirlpool appliances.
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Featured
The Madison Humphreys Center
330 N Humphreys Blvd
Memphis, TN
Updated January 17 at 04:25am
1 Bedroom
$904
2 Bedrooms
$1,180
3 Bedrooms
$1,701
Featured
Park's Edge at Shelby Farms
536 Shelby Grove Dr
Memphis, TN
Updated January 17 at 05:28am
1 Bedroom
$1,061
2 Bedrooms
$1,315
3 Bedrooms
$1,495
Featured
The Roxbury
1300 Lynnfield Rd
Memphis, TN
Updated January 17 at 06:54am
1 Bedroom
$979
2 Bedrooms
$919
3 Bedrooms
$1,269
Near I-240, I-40 and I-55 in the Ridgeway School District. Apartments include a fireplace, granite countertops and walk-in closets. On-site amenities include a pool, trash valet service, carports and alarms. Pet-friendly.
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Featured
Parcels at Concourse
1350 Concourse Ave
Memphis, TN
Updated January 17 at 04:24am
Studio
Ask
1 Bedroom
$1,427
2 Bedrooms
$1,499
Housed in a historic building that has been re-imagined to fit within the Memphis neighborhood's vibrant reawakening, this mid-rise features tons of public areas and green spaces, retail tenants and top-of-the-line kitchens.
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Featured
Metro 67
67 Madison Ave
Memphis, TN
Updated January 17 at 04:24am
Studio
Ask
1 Bedroom
$1,352
2 Bedrooms
$2,093
Boasting either river or city views, the pet-friendly apartment community features bamboo flooring, a gym, subway tile backsplashes, and a rooftop deck. Minutes from downtown Memphis, with easy access to I-40.
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Featured
Highland Row
395 S Highland St
Memphis, TN
Updated January 17 at 06:46am
Studio
Ask
1 Bedroom
$1,015
2 Bedrooms
$1,599
Studio, one-, two- and three-bedroom homes within walking distance from the University of Memphis. Air conditioning, stainless steel appliances, carpets and extra storage. Swimming pool, 24-hour gym, fire pit and clubhouse.
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Featured
Fielder Square
70 S 4th St
Memphis, TN
Updated January 17 at 04:25am
Studio
$809
1 Bedroom
$1,007
2 Bedrooms
$1,466
Featured
The Woods at Ridgeway
6277 Lake Arbor Dr
Memphis, TN
Updated January 17 at 04:25am
1 Bedroom
$540
2 Bedrooms
$730
3 Bedrooms
$810
One-, two- and three-bedroom apartments with vaulted ceilings, wood-burning fireplaces and washer/dryer connections. Gated community has two outdoor pools, fitness center, sand volleyball court and movie theater.
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Featured
The Lakes at Ridgeway
5995 Waterstone Oak Way
Memphis, TN
Updated January 17 at 04:25am
1 Bedroom
$510
2 Bedrooms
$590
3 Bedrooms
$870
Located close to I-240 and Bill Morris Parkway. Community has an outdoor pool, playground and picnic area. Apartments have washer/dryer connections, ceiling fans and fireplaces.
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Featured
Poplar Place Townhomes
1669 Randolph Pl
Memphis, TN
Updated January 17 at 04:24am
2 Bedrooms
$940
3 Bedrooms
$1,261
Spacious two- and three-bedroom townhomes with easy access to I-40. Residents can spend their spare time in the clubhouse or outdoor swimming pool. Units feature private entry and walk-in closets.
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City GuideMemphis
There's a town that I call home, where all the streets are paved with soul. Down on Beale there's a honky-tonk bar, so hear the wail of a blues guitar. Have a beer and drop a dime in the blind man's jar. The blues sing softly in the air, like a Sunday morning prayer. Just one more drink and you'll see God everywhere. Like a sad old melody that cheers you up, it sets you free. And that's how Memphis lives in me." (-Bon Jovi, "Memphis Lives In Me").

Memphis Tennessee is an iconic place in so many ways. It's the birthplace of the blues, soul, and that just-about-to-catch-on musical genre called Rock and Roll. It is the epicenter of many food debates with restaurants like Gus's Hot & Spicy Chicken and Charles Vergos' Rendezvous always topping the lists of the country's best fried chicken and ribs respectively, and actual tourist destinations unto themselves. Memphis is where your overnight package will spend a couple of hours at the worldwide hub for FedEx. And in Memphis you can plant your feet on the doormat of the second most visited home in the world. They even let you go in. No, not my Aunt Peg's (who does make some mean biscuits and sweet tea, which is reason alone to visit), but Elvis's - the King himself. Add the majesty of the Mississippi River, the NBA's coyly named Memphis Grizzlies (the nearest grizzly bear roams a brisk 1,600 miles away, but the Memphis Zoo does have a set of twins), and the neon festooned nightlife of world famous Beale Street, and you've found yourself in an unmistakably multifaceted city. Now time to find an unmistakably awesome apartment.

Elvis Tiger to celebrate The King

St. Mary's Episcopal Church is an incredible architectural masterpiece

Tom Lee Park sits adjacent to the Mississippi River

Renting in Memphis

As the 19th most populous city in the U.S., the rental market in Memphis should not be overly difficult or expensive to navigate. Like most places, choose wisely as even abutting sections can vary so widely in demographics.

Brokers: There is no need at all to pay for apartment locating in a city such as Memphis. While not as prolific as in other cities, there are, in fact, free apartment locating companies that will provide lists based on your needs and desired amenities. Doing a healthy dose of self-exploration is rewarding as well as you get to know the city as a whole as opposed to making its acquaintance via email.

What to have in your apartment hunting attaché case:

• your last several pay stubs or your last two tax returns

• picture I.D.

• application fee of around $50 for an apartment complex, often $0 for a smaller building

• willingness to sign a 6 - 15 month lease (best incentives on longer leases in complexes)

If you don't have a W2, proof of regular pay, or up-to-date tax documents, remember, most Memphis apartment complexes do not consider bank statements as a means to verify your creditworthiness. If you don't have a picture I.D., well, you're either seven years old or a vampire. Either way, you're probably not looking for an apartment. If you have a pet, check first and always ask about breed restrictions. Many apartment complexes welcome Fido and Mittens so long as Fido isn't a pit bull and Mittens isn't a leopard, but they also welcome them with one-time, non-refundable pet fees ($300 - $500 total) and almost always additional, recurring pet rent of $10 - $30 per month. In privately owned units, pets are not often welcomed, but when they are, it is usually at no additional charge. On the upside, the Memphis apartment market has relatively low security deposits of, generally, $200 - $300 (sometimes even lower) regardless of size or location for complexes, while higher deposits are closer the norm for others.

Memphis Neighborhoods

It comes down to the three basic disco-oriented checkboxes of life: The Hustle, Funky Town, or We Are Family... in other words, nightlife (Downtown), the ethnic/artsy/cultural vibe (Midtown including Overton Square and Cooper-Young), or more the carpool and soccer ball scene (East burbs).

Downtown: One of the most renowned spots for American nightlife is Downtown Memphis with Beale Street being the undisputed nucleus therein. With the most dining choices, views of the river, The FedEx center for sports, concerts, and cultural must-haves of rodeo and monster truck jams, Downtown Memphis is the choice for those wishing for the fast paced River City lifestyle. The MATA (Memphis Area Transit Association) trolley runs downtown and can get you to and fro with, well, not so much timeliness but with quaintness. If you live and work downtown, you can consider ridding yourself of your automobile, but parking isn't a super hassle and traffic in the grid layout is considered marginally better than other major metropolitan areas. The highest Memphis rents are Downtown, specifically in the entertainment and business districts, and close to the river. In these sections, expect to pay approximately $900 for a low rise 1 BR nearby, or around $1,300 for the most luxurious 1 BR in the most sought after central high rises. Add around $450 per month for a 2 BR. If you want to be downtown, out of earshot of the blues, and pay a couple hundred dollars less each month, take a look at the upscale Harbor Town area, historic Victorian Village, or the even more affordable Medical District community (in between Downtown and Midtown - called C Crosstown).

Midtown: Home to several institutes of higher learning including Christian Brothers University, Memphis College of Art, Memphis Theological Seminary, Rhodes College, and Victory University as well as some cultural venues such as Overton Park, The Levitt Shell (outdoor concert venue and site of Elvis's first paid appearance in 1954), Memphis Brooks Museum of Art, Memphis Zoo, and The Old Forest Arboretum, Midtown Memphis has earned the tagline “Midtown IS Memphis.” Midtown is ethnic, diverse, and what its residents consider the real Memphis. Overton Square is the home of the unsuspectingly busy Memphis theatre scene. In Cooper-Young you will find the most eclectic mix of restaurants and entertainment venues including the Elvis Impersonator Shrine (note: Replica Elvis rhinestone jumpsuits - made to original specifications and by original manufacturer start at $3,000 - so plan accordingly). In these exciting Midtown neighborhoods, expect to pay about half of that of most upscale downtown apartments.

East of the City: Communities such as Bartlett, Collierville, and Germantown are considered close to the heart of Downtown Memphis ~ 20 miles on average. Malls, chain restaurants, ball fields, places of worship, and the occasional boutique, wine bar, and pet spa dot the landscape East of Memphis. Rents in these neighborhoods are comparable to Midtown and larger apartments are easier to find due to the larger number of families seeking their homes in these places.

Graceland: Elvis fan, huh? Nice try, Graceland isn't so much residential these days as it is highly touristed with budget lodgings and fast food outlets. On the upside, if you regularly desire a restaurant-made version of Elvis's favorite sandwich - Peanut Butter, Banana, and Bacon, Graceland living may just suit you.

Okay, now what?

Memphis is not a particularly large city, nor is it particularly difficult to navigate. Its lack of a subway or light rail system means you'll probably want to keep your car if you already have one - except if you live and work downtown as mentioned. Beale Street is smaller than you'd think but steeped in American musical roots and is lively all night, every night. Now go do the Elvis thing once at least, see the ducks at The Peabody Hotel once eat the BBQ, many, many times,... but those ducks are just so cute, okay, so once isn't enough, and, of course, without question, take the Mud Island Monorail and pretend you're Tom Cruise being chased in The Firm.

January 2019 Memphis Rent Report

Welcome to the January 2019 Memphis Rent Report. Memphis rents increased over the past month. In this report, we'll evaluate trends in the Memphis rental market, including comparisons to cities throughout the state and nation.

View full Rent Report

January 2019 Memphis Rent Report

Welcome to the January 2019 Memphis Rent Report. Memphis rents increased over the past month. In this report, we'll evaluate trends in the Memphis rental market, including comparisons to cities throughout the state and nation.

Memphis rents held steady over the past month

Memphis rents have remained flat over the past month, however, they are up marginally by 0.9% year-over-year. Currently, median rents in Memphis stand at $700 for a one-bedroom apartment and $830 for a two-bedroom. Memphis' year-over-year rent growth lags the state average of 1.3%, but is in line with the national average of 0.9%.

    Rents rising across cities in the Memphis Metro

    Throughout the past year, rent increases have been occurring not just in the city of Memphis, but across the entire metro. Of the largest 10 cities that we have data for in the Memphis metro, all of them have seen prices rise. Tennessee as a whole logged rent growth of 1.3% over the past year. Here's a look at how rents compare across some of the largest cities in the metro.

    • Looking throughout the metro, Franklin is the most expensive of all Memphis metro's major cities, with a median two-bedroom rent of $1,310; of the 10 largest Tennessee metro cities that we have data for, all have seen rents rise year-over-year, with Smyrna experiencing the fastest growth (+15.3%).
    • Murfreesboro, Franklin, and Hendersonville have all experienced year-over-year growth above the state average (3.5%, 3.3%, and 2.9%, respectively).

    Memphis rents more affordable than many comparable cities nationwide

    As rents have increased marginally in Memphis, a few other large cities nationwide have also seen rents grow modestly. Memphis is still more affordable than most similar cities across the country.

    • Memphis' median two-bedroom rent of $830 is below the national average of $1,180. Nationwide, rents have grown by 0.9% over the past year, which matches the rise in Memphis.
    • While Memphis' rents rose marginally over the past year, many cities nationwide also saw increases, including Phoenix (+3.3%), New York (+2.7%), and Denver (+2.5%).
    • Renters will find more reasonable prices in Memphis than most comparable cities. For example, San Francisco has a median 2BR rent of $3,090, which is more than three-and-a-half times the price in Memphis.

    For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

    Methodology - Recent Updates:

    Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

    Read more about our new methodology below, or see a more detailed post here.

    Methodology:

    Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

    Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

    Read more about our methodology here.

    About Rent Reports:

    Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

    We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.

    Renter Confidence Survey

    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....

    View full Memphis Renter Survey

    Here’s how Memphis ranks on:

    C
    Overall satisfaction
    D
    Jobs and career opportunities
    A
    Affordability
    D
    Social Life
    B
    Weather
    C
    Commute time
    C
    State and local taxes
    C+
    Pet-friendliness

    Overview of Findings

    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."

    Key Findings in Memphis include the following:

    • Memphis renters gave their city a C overall.
    • The highest-rated categories for Memphis were affordability and weather, which received A and B grades, respectively.
    • The areas of concern to Memphis renters are quality of local schools, public transit and safety and low crime rates, which all received F scores.
    • Memphis did relatively poorly compared to other cities in Tennessee, including Nashville (A-) and Knoxville (B-).
    • Memphis earned similar scores to other cities nationwide, including Columbus (C+), Las Vegas (C) and Indianapolis (C+).
    • The top rated cities nationwide for renter satisfaction include Scottsdale, AZ, Irvine, CA, Boulder, CO and Ann Arbor, MI. The lowest rated cities include Tallahassee, FL, Stockton, CA, Dayton, OH, Detroit, MI and Newark, NJ.

    Renters say:

    • "Great food and a good cost of living." -Shontrae R.
    • "I love the city as a whole, but worry about the crime." -Patricia S.
    • "I love that the city offers different cultural festivals. This is a music city and it shows!" -Chastia J.

    For more information on the survey methodology and findings or to speak to one of our researchers, please contact our team at rentonomics@apartmentlist.com.

    View our national survey results here