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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
$1,153
1 bed
$1,170
2 beds
$1,257
3+ beds
$1,478
Great for
Music lovers
Young professionals in healthcare/logistics industries
Families seeking suburban living

Popular apartments near you

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Rental pricing trends in Memphis

The average rent for a 1 bedroom apartment in Memphis is $1,170, while the average rent for a 2 bedroom apartment is $1,257.

Rent rates updated 27 days ago. Averages are based on the rental prices of properties listed on Apartment List.

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Availability of rentals by price
1 Bedroom
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Average rent
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Units available
0%Rent trend (YoY)

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
Richwood
Richwood
What it’s like to live in Richwood
Suburban practicality defines Richwood, where newer homes with modern amenities attract families seeking space beyond Memphis' historic districts. Residents enjoy planned community features including walking trails connecting green spaces and the neighborhood's proximity to major retailers along the commercial corridor. Though architectural uniqueness is limited compared to historic areas, the trade-off comes in modern energy efficiency, open floor plans, and technological readiness uncommon in older construction. The area's thoughtful development includes sustainable drainage features and preserved green spaces creating environmental consciousness despite suburban format.
Great for
Families
Retirees
Professionals
Young Renters
Commuters
Neighborhood vibe
Mixed-Use
Peaceful
Mixed-Use & Commercial

Renting in Memphis, Tennessee: 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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