145 Houses for rent in Memphis, TN

Last updated May 24 at 11:08am UTC
8998 Gracie Ln
Countrywood
Memphis, TN
Updated May 24 at 11:08am UTC
3 Bedrooms
$1,295
109 N. Main Street #1005
Beale Street
Memphis, TN
Updated May 24 at 11:08am UTC
2 Bedrooms
$1,600
996 E. Rainbow
University Lane Community Association
Memphis, TN
Updated May 24 at 11:07am UTC
3 Bedrooms
$1,350
4325 Kerwin Dr
Memphis
Memphis, TN
Updated May 24 at 11:07am UTC
3 Bedrooms
$850
2283 Hubbard
Hubbard Street Block Club
Memphis, TN
Updated May 24 at 11:06am UTC
5 Bedrooms
$1,500
3189 Madeline Circle
Alta Vista
Memphis, TN
Updated May 24 at 11:05am UTC
3 Bedrooms
$700
3409 Coleman Rd
Springhill Community Civic Club
Memphis, TN
Updated May 24 at 11:05am UTC
3 Bedrooms
$925
245 Madison Ave. #503
The Edge
Memphis, TN
Updated May 24 at 11:05am UTC
1 Bedroom
$1,150
3760 Bluff Wood Dr
Memphis
Memphis, TN
Updated May 24 at 11:04am UTC
3 Bedrooms
$695
6562 Oak Hurst Dr
Ragan Farms Neighborhood Association
Memphis, TN
Updated May 24 at 11:03am UTC
3 Bedrooms
$1,150
1718 Glenview Ave. $835 For A Two Year Lease
Kendale Neighborhood Watch Association
Memphis, TN
Updated May 24 at 11:02am UTC
2 Bedrooms
$875
3754 Rockwood
Berclair - Highland Heights
Memphis, TN
Updated May 24 at 11:02am UTC
2 Bedrooms
$575
7938 Macon Road
Hunters Hollow South
Memphis, TN
Updated May 23 at 10:05am UTC
3 Bedrooms
$1,075
720 Litty Court #305
South Main
Memphis, TN
Updated May 23 at 10:03am UTC
Studio
$850
3901 Southern Ave
Normal Station
Memphis, TN
Updated May 23 at 9:59am UTC
3 Bedrooms
$1,550
3573 Spottswood Ave
Normal Station
Memphis, TN
Updated May 23 at 9:59am UTC
3 Bedrooms
$1,275
1998 Jefferson
Belleair Woods
Memphis, TN
Updated May 22 at 8:46pm UTC
1 Bedroom
$650
324 Outer Parkway
Riverview Community Association
Memphis, TN
Updated May 23 at 10:05am UTC
3 Bedrooms
$650
5118 Appleville St.
Memphis
Memphis, TN
Updated May 23 at 10:04am UTC
3 Bedrooms
$750
5681 Richburg Ave
Memphis
Memphis, TN
Updated May 23 at 10:03am UTC
3 Bedrooms
$1,175
3317 Powell Avenue
Berclair - Highland Heights
Memphis, TN
Updated May 23 at 10:02am UTC
2 Bedrooms
$650
4903 PEBBLEROCK CV.
Hickory Hill
Memphis, TN
Updated May 23 at 10:01am UTC
4 Bedrooms
$1,450
2093 Jefferson Ave Apt 4
East Parkway
Memphis, TN
Updated May 23 at 9:58am UTC
2 Bedrooms
$950
216 N Hollywood St
Old Binghampton Neighborhood Association
Memphis, TN
Updated May 24 at 11:02am UTC
3 Bedrooms
$595
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May 2018 Memphis Rent Report

Welcome to the May 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

May 2018 Memphis Rent Report

Welcome to the May 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 rents held steady over the past month

Memphis rents have remained flat over the past month, however, they are up marginally by 0.5% year-over-year. Currently, median rents in Memphis stand at $690 for a one-bedroom apartment and $820 for a two-bedroom. Memphis' year-over-year rent growth lags the state and national averages, which both stand at 1.5%.

Rents rising across cities in Tennessee

Throughout the past year, rent increases have been occurring not just in the city of Memphis, but across the entire state. Of the largest 10 cities that we have data for in Tennessee, all of them have seen prices rise. The state as a whole logged rent growth of 1.5% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Franklin is the most expensive of all Tennessee's major cities, with a median two-bedroom rent of $1,270; of the 10 largest Tennessee cities that we have data for, all have seen rents rise year-over-year, with Hendersonville experiencing the fastest growth (+5.0%).
  • Knoxville, Smyrna, and Chattanooga have all experienced year-over-year growth above the state average (4.6%, 3.1%, and 2.5%, respectively).

Memphis rents more affordable than many other large cities nationwide

As rents have increased in Memphis, a few similar cities nationwide have also seen rents grow modestly. 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 $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 0.5% rise in Memphis.
  • While Memphis' rents rose over the past year, many cities nationwide also saw increases, including Phoenix (+2.3%), Atlanta (+1.9%), and Denver (+1.6%).
  • Renters will find more reasonable prices in Memphis than most other large cities. For example, San Francisco has a median 2BR rent of $3,060, 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.