152 Houses for rent in Memphis, TN

Last updated July 19 at 9:48am UTC
4004 Swanbrook Street
Westwood Community Awareness Association
Memphis, TN
Updated July 19 at 9:48am UTC
3 Bedrooms
$700
2879 Dearing Cv.
Parkway Village
Memphis, TN
Updated July 19 at 9:48am UTC
3 Bedrooms
$800
1547 Delano
Memphis
Memphis, TN
Updated July 19 at 9:48am UTC
3 Bedrooms
$595
812 Parkrose Ave
Westwood
Memphis, TN
Updated July 19 at 9:47am UTC
3 Bedrooms
$825
4006 Martindale Ave.
Springhill Community Civic Club
Memphis, TN
Updated July 19 at 9:47am UTC
3 Bedrooms
$925
1079 University
Hyde Park
Memphis, TN
Updated July 19 at 9:45am UTC
2 Bedrooms
$700
1689 Combs St.
Berclair - Highland Heights
Memphis, TN
Updated July 19 at 9:44am UTC
2 Bedrooms
$700
574 N. Fourth St. #2
North Memphis Concerned Citizens
Memphis, TN
Updated July 19 at 9:43am UTC
1 Bedroom
$535
3734 Belleau St
Memphis
Memphis, TN
Updated July 19 at 9:43am UTC
3 Bedrooms
$700
3072 CAPRI
Parkway Village
Memphis, TN
Updated July 19 at 9:43am UTC
3 Bedrooms
$825
3823 Kerwood Ave
Springhill Community Civic Club
Memphis, TN
Updated July 19 at 9:43am UTC
3 Bedrooms
$725
2823 W. Lakeland Dr.
Skylake
Memphis, TN
Updated July 19 at 9:43am UTC
2 Bedrooms
$595
1591 Beaver Trail Dr.
Memphis
Memphis, TN
Updated July 19 at 9:42am UTC
2 Bedrooms
$900
877 N. Mendenhall Rd
Berclair - Highland Heights
Memphis, TN
Updated July 19 at 9:41am UTC
3 Bedrooms
$850
2977 Meadows Ln
Parkway Village
Memphis, TN
Updated July 19 at 9:41am UTC
3 Bedrooms
$895
4227 Ann Arbor
Springhill Community Civic Club
Memphis, TN
Updated July 19 at 9:41am UTC
3 Bedrooms
$675
805 Avalon
Voillintine - Evergreen
Memphis, TN
Updated July 18 at 10:19am UTC
2 Bedrooms
$795
3042 CURTIS ST.
Southeast Memphis Betterment Association
Memphis, TN
Updated July 18 at 10:18am UTC
3 Bedrooms
$925
4631 VERNE RD
Colonial Acres
Memphis, TN
Updated July 18 at 10:18am UTC
2 Bedrooms
$895
2032 Kingsrow Parkway
Countrywood
Memphis, TN
Updated July 18 at 10:18am UTC
3 Bedrooms
$1,695
4749 Barkshire Dr.
Hickory Hill
Memphis, TN
Updated July 19 at 9:48am UTC
3 Bedrooms
$1,050
77 Vance Ave. #201
South Main Historic District
Memphis, TN
Updated July 19 at 9:45am UTC
2 Bedrooms
$1,500
1801 Forrest Ave
Evergreen Historic District
Memphis, TN
Updated July 19 at 9:43am UTC
4 Bedrooms
$2,800
1015 River Isle Cv.
Harbortown Home Owners Association
Memphis, TN
Updated July 18 at 10:17am UTC
3 Bedrooms
$1,850

July 2018 Memphis Rent Report

Welcome to the July 2018 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 Memphis Rent Report
Rent Report
Memphis

July 2018 Memphis Rent Report

Welcome to the July 2018 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 increased slightly over the past month

Memphis rents have increased 0.2% over the past month, but have been relatively flat at 0.3% 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 fourth straight month that the city has seen rent increases after a decline in February. Memphis' year-over-year rent growth lags the state and national averages, which both stand at 1.4%.

Rents rising across cities in the Memphis Metro

Throughout the past year, rents have remained steady in the city of Memphis, but other cities across the entire metro have seen rents increase. 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 1.4% 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 $1,300; 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 (+4.4%).
  • Hendersonville, Knoxville, and Murfreesboro have all experienced year-over-year growth above the state average (4.4%, 4.3%, and 3.5%, respectively).

Memphis rents more affordable than many other large cities nationwide

Rent growth in Memphis has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Memphis is still more affordable than most similar cities across the country.

  • Memphis' median two-bedroom rent of $820 is below the national average of $1,180. Nationwide, rents have grown by 1.4% over the past year compared to the stagnant growth in Memphis.
  • While rents in Memphis remained moderately stable this year, similar cities saw increases, including Phoenix (+2.3%), Atlanta (+1.9%), and Miami (+1.8%); note that median 2BR rents in these cities go for $1,040, $1,180, and $1,370 respectively.
  • Renters will find more reasonable prices in Memphis than most comparable 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.