421 Apartments under 800 for rent in Memphis, TN

Last updated November 22 at 2:17pm UTC
3430 Randolph St.
Frayser
Memphis, TN
Updated November 11 at 10:41am UTC
3 Bedrooms
$650
3607 Vanuys Rd
Sherwood Forest
Memphis, TN
Updated November 5 at 9:41am UTC
3 Bedrooms
$650
3401 Range Line Rd
Alta Vista
Memphis, TN
Updated November 9 at 10:01am UTC
2 Bedrooms
$525
1290 MERRYCREST
Memphis
Memphis, TN
Updated November 21 at 9:45am UTC
3 Bedrooms
$795
1748 E Holmes Rd
Memphis
Memphis, TN
Updated November 16 at 12:08pm UTC
3 Bedrooms
$650
4086 Meadow Dr
Memphis
Memphis, TN
Updated November 16 at 12:03pm UTC
3 Bedrooms
$725
1437 Greendale
Alta Vista Stage
Memphis, TN
Updated November 16 at 12:11pm UTC
3 Bedrooms
$675
Farrington St
Riverview Community Association
Memphis, TN
Updated November 8 at 8:24am UTC
2 Bedrooms
$499
Overton Xing
Alta Vista
Memphis, TN
Updated November 18 at 8:28am UTC
3 Bedrooms
$650
Dante Ave
Springhill Community Civic Club
Memphis, TN
Updated November 14 at 8:18am UTC
3 Bedrooms
$750
Bowen Ave
Berclair - Highland Heights
Memphis, TN
Updated October 31 at 7:28am UTC
1 Bedroom
$400
Elder Rd
Ford Road
Memphis, TN
Updated October 31 at 7:25am UTC
3 Bedrooms
$575
Warren St
Elliston Height
Memphis, TN
Updated November 8 at 8:24am UTC
3 Bedrooms
$600
Brandywine Blvd
Memphis
Memphis, TN
Updated November 16 at 8:48am UTC
3 Bedrooms
$595
Yale Ave
Masjid Al-Noor Housing Development Corp
Memphis, TN
Updated November 17 at 8:24am UTC
3 Bedrooms
$695
Apartment List detective logo

Keep Looking!

Try removing some filters or broadening your
search area to see more results.

Apartment List detective logo

Zoom in to see more.

Trying to get a feel for the larger area? No problem.
When you're ready, zoom in again to see pins and listings.

Apartment List sad heart

Something went wrong.

Please try your search again or reload the page.

November 2017 Memphis Rent Report

Welcome to the November 2017 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 similar cities nationwide.

View full Memphis Rent Report
Rent Report
Memphis

November 2017 Memphis Rent Report

Welcome to the November 2017 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 similar cities nationwide.

Memphis rents declined slightly over the past month

Memphis rents have declined 0.3% over the past month, but have increased slightly by 1.3% in comparison to the same time last year. Currently, median rents in Memphis stand at $700 for a one-bedroom apartment and $820 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in August. Memphis' year-over-year rent growth lags the state average of 1.9%, as well as the national average of 2.7%.

Memphis rents more affordable than many other large cities nationwide

As rents have increased slightly in Memphis, similar cities nationwide have seen rents grow more quickly. Memphis is still more affordable than most comparable cities across the country.

  • Memphis' median two-bedroom rent of $820 is below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 1.3% increase in Memphis.
  • While Memphis' rents rose slightly over the past year, many cities nationwide saw more substantial increases, including Seattle (+4.2%), Phoenix (+4.1%), and Dallas (+2.6%).
  • Renters will find more reasonable prices in Memphis than most other large cities. For example, San Francisco has a median 2BR rent of $3,070, 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.