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199 Houses for rent in Memphis, TN

Last updated September 21 at 1:04pm UTC
4075 Speck Drive
Berclair - Highland Heights
Memphis, TN
Updated September 21 at 1:04pm UTC
2 Bedrooms
$575
4289 Truman Avenue
Berclair - Highland Heights
Memphis, TN
Updated September 21 at 1:04pm UTC
2 Bedrooms
$700
545 E. Lexington Park Circle
Arlington Park
Memphis, TN
Updated September 21 at 1:04pm UTC
3 Bedrooms
$2,050
3794 Walden Meadow Dr
Memphis
Memphis, TN
Updated September 21 at 1:04pm UTC
3 Bedrooms
$1,050
736 Echles
Normal Station
Memphis, TN
Updated September 21 at 1:03pm UTC
1 Bedroom
$795
704 S Prescott St
Messick Buntyn
Memphis, TN
Updated September 21 at 1:02pm UTC
2 Bedrooms
$600
4138 University
Rangeline
Memphis, TN
Updated September 21 at 1:02pm UTC
4 Bedrooms
$795
973 Little John Rd
Sherwood Forest
Memphis, TN
Updated September 21 at 12:59pm UTC
4 Bedrooms
$1,150
4821 Blue Wing St
Hickory Hill
Memphis, TN
Updated September 21 at 12:59pm UTC
3 Bedrooms
$950
3981 ORMAND
Richwood
Memphis, TN
Updated September 21 at 12:59pm UTC
3 Bedrooms
$1,450
3450 Ardmore St
Rangeline
Memphis, TN
Updated September 21 at 12:57pm UTC
3 Bedrooms
$600
1093 Island Mist Cir.
Harbortown Home Owners Association
Memphis, TN
Updated September 21 at 12:56pm UTC
4 Bedrooms
$2,195
690 McConnell St.
Binghampton-Lester
Memphis, TN
Updated September 21 at 12:56pm UTC
3 Bedrooms
$875
4878 Bradfield Run
Pinnacle Point
Memphis, TN
Updated September 21 at 12:56pm UTC
3 Bedrooms
$1,375
140 Isle Creek Dr.
Harbortown Home Owners Association
Memphis, TN
Updated September 21 at 12:55pm UTC
3 Bedrooms
$2,300
3811 Faxon Ave
Berclair - Highland Heights
Memphis, TN
Updated September 20 at 1:00pm UTC
3 Bedrooms
$850
4944 Appleville St.
Memphis
Memphis, TN
Updated September 20 at 12:59pm UTC
3 Bedrooms
$775
3217 Scottland Road
Scenic Hills
Memphis, TN
Updated September 20 at 12:59pm UTC
3 Bedrooms
$1,500
1605 Beaver Trail Dr
Memphis
Memphis, TN
Updated September 20 at 12:59pm UTC
2 Bedrooms
$925
8506 Shady Elm Dr
Alliance of Cordova Neighborhoods
Memphis, TN
Updated September 20 at 12:59pm UTC
3 Bedrooms
$1,250
2986 Meadowfair Rd.
Oakhaven
Memphis, TN
Updated September 20 at 12:55pm UTC
3 Bedrooms
$775
5804 Newberry Ln N
Southeast Memphis Betterment Association
Memphis, TN
Updated September 20 at 12:55pm UTC
3 Bedrooms
$895
3564 Fox Meadows Rd
Fox Meadows
Memphis, TN
Updated September 20 at 12:55pm UTC
2 Bedrooms
$775
7385 Cotton Grove Ln
Memphis
Memphis, TN
Updated September 20 at 12:56pm UTC
5 Bedrooms
$2,095

September 2018 Memphis Rent Report

Welcome to the September 2018 Memphis Rent Report. Memphis rents remained steady 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

September 2018 Memphis Rent Report

Welcome to the September 2018 Memphis Rent Report. Memphis rents remained steady 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 rent trends were flat over the past month

Over the past month Memphis rents have remained steady. 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 0.7%, as well as the national average of 1.0%.

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, 9 of them have seen prices rise. Tennessee as a whole logged rent growth of 0.7% 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 (-0.6%).
  • Smyrna, Knoxville, and Murfreesboro have all experienced year-over-year growth above the state average (3.7%, 3.4%, and 2.9%, 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 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 1.0% 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 (+2.5%), Atlanta (+1.5%), and San Francisco (+1.1%); note that median 2BR rents in these cities go for $1,050, $1,190, and $3,100 respectively.
  • 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.