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25 Studio Apartments for rent in Memphis, TN

Last updated July 15 at 6:25pm UTC
Stratum on Highland
510 S Highland St
Memphis, TN
Updated June 22 at 3:45pm UTC
Studio
$1,049
2431 CABLE
Orange Mound
Memphis, TN
Updated July 15 at 6:25pm UTC
Studio
$300
3664 SUMMER AVE
Berclair - Highland Heights
Memphis, TN
Updated July 15 at 2:41pm UTC
Studio
$1,800
3055 Water Oak Dr
Skylake
Memphis, TN
Updated July 12 at 9:35am UTC
Studio
$100
57 W Gage Ave
Mallory Heights
Memphis, TN
Updated July 12 at 9:35am UTC
Studio
$100
1079 University
Hyde Park
Memphis, TN
Updated July 9 at 2:46pm UTC
Studio
$700
751 WALNUT KNOLL
Walnut Creek Homeowners Association
Memphis, TN
Updated July 7 at 6:50am UTC
Studio
$800
5885 Shelby Oaks Dr
Memphis
Memphis, TN
Updated June 26 at 11:22am UTC
Studio
$863
3559 SUMMER
High Point Terrace
Memphis, TN
Updated May 21 at 11:02pm UTC
Studio
$2,800
6520 STAGE
Cara Oaks Gardens
Bartlett, TN
Updated June 10 at 2:03pm UTC
Studio
$3,300
3465 CAZASSA
Memphis
Memphis, TN
Updated April 28 at 8:47pm UTC
Studio
$2,500
4299 Elvis Presley Blvd
Memphis
Memphis, TN
Updated July 15 at 9:14am UTC
Studio
$1,250
3040 EGAN DR
Southeast Memphis Betterment Association
Memphis, TN
Updated July 11 at 9:53am UTC
Studio
Ask
1959 Memphis Depot Pkwy
Memphis Defense Depot
Memphis, TN
Updated July 4 at 5:22pm UTC
Studio
$495
1173 Vance Ave
New Pathways
Memphis, TN
Updated July 4 at 9:18am UTC
Studio
$475
1911 Memphis Depot Pkwy
Memphis Defense Depot
Memphis, TN
Updated July 4 at 9:17am UTC
Studio
$495
1942 Memphis Depot Pkwy
Memphis Defense Depot
Memphis, TN
Updated July 4 at 9:17am UTC
Studio
$450
1875 Keltner Cir
Magnolia Barksdale
Memphis, TN
Updated July 4 at 9:17am UTC
Studio
$450
1955 Memphis Depot Pkwy
Memphis Defense Depot
Memphis, TN
Updated July 3 at 7:23pm UTC
Studio
$495
2797 Sonora Dr
Southeast Memphis Betterment Association
Memphis, TN
Updated June 25 at 5:27pm UTC
Studio
$700
3656 Gloucester Cove
Memphis
Memphis, TN
Updated June 25 at 5:27pm UTC
Studio
$895
1941 Memphis Depot Pkwy
Memphis Defense Depot
Memphis, TN
Updated July 15 at 9:14am UTC
Studio
$450
Results within 1 miles of Memphis, TN
1841 TN-3
Sixty Point One Ward
Memphis, TN
Updated July 15 at 9:14am UTC
Studio
$500

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.