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The average rent for a 1 bedroom apartment in Memphis, TN is $1,128+, while the average rent for a 2 bedroom apartment is $1,233+.
*Based on base prices that don’t include fees
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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.
Binghampton/Lester offers affordability with growing amenities in this evolving Memphis district. Rental homes typically include more yard space and square footage than similarly priced options in trendier neighborhoods. The area provides excellent access to both Broad Avenue's developing arts district and the University of Memphis, creating convenient positioning for students and creative professionals seeking value with genuine urban character beyond purely functional rental environments.
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.
Discover the optimal times to rent in your city based on seasonal market insights*, helping you make informed decisions and get the best value.
Memphis’s rental market is shaped by its logistics and healthcare sectors, with Midtown and Downtown attracting young professionals. Suburbs like Germantown and Collierville are popular with families seeking more space and good schools. Revitalizing neighborhoods can offer good deals for budget-minded renters.
Navigate apartment hunting and city life like a local with our curated articles about Memphis, Tennessee.
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.