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204 Houses for rent in Memphis, TN

Last updated November 15 at 1:40pm UTC
4151 GARDEN BIRCH
Autumn Ridge Homeowners Association
Memphis, TN
Updated November 15 at 1:40pm UTC
2 Bedrooms
$875
1141 Margaret Rd.
Westwood Shores Property Owners Association
Memphis, TN
Updated November 15 at 12:04pm UTC
3 Bedrooms
$650
1130 GOODMAN
Sherwood Forest
Memphis, TN
Updated November 15 at 12:04pm UTC
2 Bedrooms
$795
3498 Steve Rd.
Memphis
Memphis, TN
Updated November 15 at 12:04pm UTC
3 Bedrooms
$725
1787 BEAVER TRAIL
Memphis
Memphis, TN
Updated November 15 at 12:04pm UTC
2 Bedrooms
$925
3358 Lynchburg St
Memphis
Memphis, TN
Updated November 15 at 12:04pm UTC
3 Bedrooms
$1,075
5646 Glade View Drive
River Oaks
Memphis, TN
Updated November 15 at 12:04pm UTC
4 Bedrooms
$3,300
4937 W. Hedgewall Circle
Hickory Hill
Memphis, TN
Updated November 15 at 12:04pm UTC
4 Bedrooms
$1,550
2263 Young Ave #218
Cooper Young
Memphis, TN
Updated November 15 at 12:03pm UTC
2 Bedrooms
$1,295
376 N Graham St
Pidgeon Estates
Memphis, TN
Updated November 15 at 12:03pm UTC
3 Bedrooms
$1,450
3334 Flower Valley Ave.
Memphis
Memphis, TN
Updated November 15 at 12:03pm UTC
4 Bedrooms
$800
3764 Windermere Rd.
Springhill Community Civic Club
Memphis, TN
Updated November 15 at 12:03pm UTC
3 Bedrooms
$695
4702 Deluth Ave
Parkway Village
Memphis, TN
Updated November 15 at 12:03pm UTC
4 Bedrooms
$775
3279 Gallery Dr.
Memphis
Memphis, TN
Updated November 15 at 12:03pm UTC
3 Bedrooms
$2,550
3913 Oak Branch Cir E
Sunset Trace
Memphis, TN
Updated November 15 at 12:03pm UTC
3 Bedrooms
$1,295
470 S Prescott St
East Buntyn
Memphis, TN
Updated November 15 at 12:03pm UTC
3 Bedrooms
$1,450
3720 Fairmont Ave.
Berclair - Highland Heights
Memphis, TN
Updated November 15 at 12:02pm UTC
3 Bedrooms
$630
716 E Bodley
Sixty Point One Ward
Memphis, TN
Updated November 15 at 12:02pm UTC
3 Bedrooms
$1,000
3692 Bedford Ln.
Oakhaven
Memphis, TN
Updated November 15 at 12:02pm UTC
3 Bedrooms
$900
8479 Bergen Dr
Walnut Grove Lake
Memphis, TN
Updated November 15 at 12:02pm UTC
3 Bedrooms
$1,650
5157 Mason Road
Normandy Meadows East
Memphis, TN
Updated November 15 at 12:02pm UTC
3 Bedrooms
$1,785
3799 Vanuys Rd.
Sherwood Forest
Memphis, TN
Updated November 15 at 12:02pm UTC
3 Bedrooms
$825
1815 Lyndale
Voillintine - Evergreen
Memphis, TN
Updated November 15 at 12:02pm UTC
2 Bedrooms
$1,350
642 Minor St
Normal Station
Memphis, TN
Updated November 15 at 12:02pm UTC
2 Bedrooms
$695

November 2018 Memphis Rent Report

Welcome to the November 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

November 2018 Memphis Rent Report

Welcome to the November 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 held steady over the past month

Memphis rents have increased 0.1% over the past month, and are up marginally by 0.5% in comparison to the same time last year. Currently, median rents in Memphis stand at $700 for a one-bedroom apartment and $830 for a two-bedroom. Memphis' year-over-year rent growth lags the state average of 1.0%, as well as the national average of 1.1%.

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, 9 of them have seen prices rise. Tennessee as a whole logged rent growth of 1.0% 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 cities in the metro that we have data for, Nashville, where a two-bedroom goes for $1,130, is the only major city to see rents fall year-over-year (-0.2%).
  • Smyrna, Knoxville, and Franklin have all experienced year-over-year growth above the state average (4.5%, 3.6%, and 2.2%, respectively).

Memphis rents more affordable than many other large cities nationwide

As rents have increased in Memphis, a few similar cities nationwide have seen rents grow more modestly, or in some cases, even decline. Memphis is still more affordable than most comparable cities across the country.

  • Memphis' median two-bedroom rent of $830 is below the national average of $1,180. Nationwide, rents have grown by 1.1% over the past year compared to the 0.5% rise in Memphis.
  • While Memphis' rents rose over the past year, the city of Seattle saw a decrease of 1.3%.
  • Renters will find more reasonable prices in Memphis than most similar cities. For example, San Francisco has a median 2BR rent of $3,100, 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.