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memphis
Last updated September 15 2019 at 6:04 AM

694 Apartments for rent in Memphis, TN

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Countrywood
Mud Island
Orange Mound
Richwood
The Core
See all neighborhoods
Verified
Last updated September 15 at 07:29am
Lakes of Forest Hill
31 Units Available
Preserve at Forest Creek
9230 Thornbury Blvd, Memphis, TN
1 Bedroom
$1,011
800 sqft
2 Bedrooms
$1,018
1169 sqft
3 Bedrooms
$1,240
1329 sqft
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.
Verified
Last updated September 15 at 07:20am
The Core
13 Units Available
ReNew Riverview
99 N Main St, Memphis, TN
Studio
$838
432 sqft
1 Bedroom
$973
770 sqft
2 Bedrooms
$1,294
1293 sqft
Rising 25 stories high in the downtown Memphis sky, Renew Riverview Apartments offers unparalleled views and a great location to explore all that the River City has to offer.
Verified
Last updated September 15 at 06:16am
Alliance of Cordova Neighborhoods
26 Units Available
The Grove at Trinity Pointe
555 Wood Arbor Pkwy, Memphis, TN
1 Bedroom
$683
738 sqft
2 Bedrooms
$927
1059 sqft
3 Bedrooms
$1,063
1289 sqft
Come home to comfort at The Grove at Trinity Pointe Apartments in Cordova, Tennessee. Our property offers an unbeatable blend of enriching amenities with an accommodating selection of one, two, and three-bedroom floor plans.
Verified
Last updated September 15 at 06:08am
University Area Neighborhood Association
23 Units Available
Highland Row
395 S Highland St, Memphis, TN
Studio
Ask
1 Bedroom
$1,040
707 sqft
2 Bedrooms
$1,678
1139 sqft
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.
Verified
Last updated September 15 at 03:22am
Richwood
10 Units Available
The Preserve at Southwind
7991 Capilano Dr, Memphis, TN
1 Bedroom
$961
807 sqft
2 Bedrooms
$987
1180 sqft
3 Bedrooms
Ask
Welcome to Preserve at Southwind located in the desirable Germantown/Collierville area of Memphis, TN.
Verified
Last updated September 15 at 03:22am
5 Units Available
Lynnfield Place Apartments
5900 Cedar Forrest Drive, Memphis, TN
1 Bedroom
Ask
2 Bedrooms
$885
1160 sqft
3 Bedrooms
$905
1541 sqft
Lynnfield Place Apartment Homes in Memphis, TN is where you will find well-organized one, two and three-bedroom apartment home floor plans in both apartment and townhome options.
Verified
Last updated September 15 at 03:22am
St. Louis Place
4 Units Available
The Tennessee Brewery
495 Tennessee Street, Memphis, TN
1 Bedroom
$1,065
635 sqft
2 Bedrooms
Ask
Spacious homes with gourmet kitchens, 9-foot ceilings, spacious closets, and stainless steel appliances. This pet-friendly community features a fitness center and covered parking. Located just five minutes from downtown Memphis.
Verified
Last updated September 15 at 04:36am
Cedar Lake
72 Units Available
Springs at Forest Hill
3750 Moraine St, Memphis, TN
Studio
$1,077
592 sqft
1 Bedroom
$1,206
828 sqft
2 Bedrooms
$1,470
1123 sqft
With impeccable attention to detail and thoughtfully designed extras, the townhome-style apartments at Springs at Forest Hill offer luxury living. Choose from the studio, one, two, or three bedroom apartments to find the perfect one for your needs.
Verified
Last updated September 15 at 03:22am
18 Units Available
The Summit
4981 Hidden Lake Dr, Memphis, TN
1 Bedroom
$659
673 sqft
2 Bedrooms
$907
987 sqft
3 Bedrooms
$1,023
1246 sqft
It is often said that life has its rewards. The Summit offers the lifestyle you deserve in the center of it all.
Verified
Last updated September 15 at 03:22am
Crosstown
3 Units Available
Parcels at Concourse
1350 Concourse Ave, Memphis, TN
Studio
Ask
1 Bedroom
$1,885
946 sqft
2 Bedrooms
$1,837
1181 sqft
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.
Verified
Last updated September 15 at 03:22am
Lakes of Forest Hill
49 Units Available
Miller Creek at Germantown
3769 Skipping Stone Trce, Memphis, TN
1 Bedroom
$1,185
875 sqft
2 Bedrooms
$1,370
1168 sqft
3 Bedrooms
$1,745
1382 sqft
Spacious one-, two- and three-bedroom apartments with stainless steel appliances, granite countertops and large closets. Located in the Germantown neighborhood close to shopping and nightlife.
Verified
Last updated September 15 at 03:22am
River Oaks
30 Units Available
Arbors River Oaks
225 Arbor Commons Cir, Memphis, TN
1 Bedroom
$1,245
816 sqft
2 Bedrooms
$1,545
1172 sqft
3 Bedrooms
$1,795
1604 sqft
Relaxing complex featuring one to three-bedroom apartments in Germantown, East Memphis. Located next to Shelby Farms Park, near the Avron B. Fogelman Expressway. Pool, cyber cafe and fitness gallery available to residents.
Verified
Last updated September 15 at 03:22am
Countrywood
52 Units Available
Stonebridge Crossing
9135 Morning Ridge Road, Memphis, TN
1 Bedroom
$870
650 sqft
2 Bedrooms
$980
950 sqft
3 Bedrooms
$1,200
1200 sqft
Ready for an exciting and worry-free living experience? Stonebridge Crossing has just what you’re looking for.
Verified
Last updated September 15 at 03:21am
Rocky Point Road Corridor
26 Units Available
Walnut Hill
8920 Walnut Grove Rd, Memphis, TN
1 Bedroom
$1,000
855 sqft
2 Bedrooms
$1,080
1108 sqft
3 Bedrooms
$1,420
1380 sqft
Spacious unit with large closets, high ceilings, walk-in closet, and patio/balcony. Units have fireplaces and intrusion alarms. Garage parking, jacuzzi, tennis court, and racquet ball court available on site.
Verified
Last updated September 15 at 03:22am
Wolfchase
11 Units Available
Crescent at Wolfchase Apartment Homes
7819 Crescent Ridge Ln, Memphis, TN
1 Bedroom
$936
788 sqft
2 Bedrooms
$920
1021 sqft
3 Bedrooms
Ask
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.
Verified
Last updated September 15 at 03:22am
12 Units Available
The Edge of Germantown Apartments
1730 Hunters Trace Dr, Memphis, TN
1 Bedroom
$1,032
647 sqft
2 Bedrooms
$1,448
953 sqft
Located in Memphis, and just minutes from Shelby Farms Greenline and Botanical Gardens, The Edge of Germantown offers one- and two-bedroom apartment homes with modern appliance packages, washer and dryer connections, large private patios with extra
Verified
Last updated September 15 at 03:22am
21 Units Available
Madison Shelby Farms
330 N Humphreys Blvd, Memphis, TN
1 Bedroom
$1,041
888 sqft
2 Bedrooms
$1,239
1130 sqft
3 Bedrooms
Ask
You deserve the best in life. Choose Madison Shelby Farms as your new apartment home when only the best will do! Experience luxurious living at Madison Shelby Farms apartment homes. We have custom features including elegant crown molding, 9 ft.
Verified
Last updated September 15 at 03:22am
Edge District
25 Units Available
Fielder Square
70 S 4th St, Memphis, TN
Studio
$975
562 sqft
1 Bedroom
$1,072
781 sqft
2 Bedrooms
$1,203
1135 sqft
Discover the good life at Fielder Square. This stunning community offers a variety of unique floor plans boasting full of beautifully designed architecture, curved walls, hardwood style flooring and modern amenities.
Verified
Last updated September 15 at 03:22am
5 Units Available
Poplar Place Townhomes
1669 Randolph Pl, Memphis, TN
2 Bedrooms
$884
1332 sqft
3 Bedrooms
$1,286
1606 sqft
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.
Verified
Last updated September 15 at 03:22am
Gray's Creek
6 Units Available
The Charleston
2851 N Houston Levee Rd, Memphis, TN
1 Bedroom
Ask
2 Bedrooms
$1,110
1163 sqft
3 Bedrooms
$1,320
1337 sqft
Experience the charm of southern living with every convenience of modern life. Sophisticated and quiet, The Charleston is a brand new, pet-friendly community that offers an unmatched blend nestled within beautiful, natural surroundings.
Verified
Last updated September 15 at 03:22am
Lakes of Forest Hill
12 Units Available
Waterford Place
8037 Waterford Cir, Memphis, TN
1 Bedroom
$990
800 sqft
2 Bedrooms
$1,100
1191 sqft
3 Bedrooms
$1,405
1421 sqft
Luxury apartments feature one, two or three bedrooms. Community amenities include pool, tennis court, 24-hour gym and parking. Units feature granite counters, hardwood floors, walk-in closets, and patio or balcony.
Verified
Last updated September 15 at 03:21am
Uptown
7 Units Available
Uptown Square Apartments
252 N Lauderdale St, Memphis, TN
Studio
$720
464 sqft
1 Bedroom
$820
742 sqft
2 Bedrooms
$1,135
1029 sqft
Your home says a lot about you. At Uptown Square you get to choose from a variety of floor plans that offer historic character, downtown living, prestige, and family appeal.
Verified
Last updated September 15 at 06:14am
35 Units Available
Park's Edge at Shelby Farms
536 Shelby Grove Dr, Memphis, TN
1 Bedroom
$1,069
809 sqft
2 Bedrooms
$1,308
1162 sqft
3 Bedrooms
$1,595
1400 sqft
Live on the edge of everything at Park's Edge at Shelby Farms! Recently awarded Top Rated in 2017 by ApartmentRatings.
Verified
Last updated September 14 at 11:18am
Midtown-Central
13 Units Available
Melrose Midtown
775 Melrose St, Memphis, TN
Studio
$850
433 sqft
1 Bedroom
$1,099
780 sqft
2 Bedrooms
$1,449
1102 sqft
A luxurious ground-floor garden nest for a family, the Northwest will be a brand-new two-bedroom apartment. Construction is underway with hand-selected materials: an open floor plan, a large chef's kitchen, a private patio and much more.

Average Rent in Memphis

Last updated Aug. 2019
The average rent for a 1 bedroom apartment in Memphis is $704, while the average rent for a 2 bedroom apartment is $831.
Studio
$630
1 Bed
$704
2 Beds
$831
3+ Beds
$1,130
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.

September 2019 Memphis Rent Report

Welcome to the September 2019 Memphis Rent Report. Memphis rents declined 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

September 2019 Memphis Rent Report

Welcome to the September 2019 Memphis Rent Report. Memphis rents declined 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 0.8% year-over-year. Currently, median rents in Memphis stand at $704 for a one-bedroom apartment and $832 for a two-bedroom. Memphis' year-over-year rent growth lags the state average of 1.9%, as well as the national average of 1.5%.

    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 1.9% 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 $1,315; of the 10 largest Tennessee metro cities that we have data for, all have seen rents rise year-over-year, with Southaven experiencing the fastest growth (+4.4%).
    • Murfreesboro, Hendersonville, and Nashville have all experienced year-over-year growth above the state average (3.3%, 3.2%, and 2.8%, respectively).

    Memphis rents more affordable than many comparable cities nationwide

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

    • Memphis' median two-bedroom rent of $832 is below the national average of $1,191. Nationwide, rents have grown by 1.5% over the past year compared to the 0.8% rise in Memphis.
    • While Memphis' rents rose marginally over the past year, many cities nationwide also saw increases, including Phoenix (+3.7%), Dallas (+2.0%), and New York (+1.7%).
    • Renters will find more reasonable prices in Memphis than most comparable cities. For example, San Francisco has a median 2BR rent of $3,133, 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.

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