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21 Studio Apartments for rent in Memphis, TN

Last updated September 22 at 7:48pm UTC
Stratum on Highland
510 S Highland St
Memphis, TN
Updated June 22 at 3:45pm UTC
2431 CABLE
Orange Mound
Memphis, TN
Updated September 22 at 7:48pm UTC
816 N Willett St
Voillintine - Evergreen
Memphis, TN
Updated September 18 at 6:38pm UTC
1875 Keltner Cir
Magnolia Barksdale
Memphis, TN
Updated August 24 at 2:42am UTC
57 W Gage Ave
Mallory Heights
Memphis, TN
Updated August 19 at 9:00am UTC
Walnut Creek Homeowners Association
Memphis, TN
Updated July 7 at 6:50am UTC
Memphis, TN
Updated April 28 at 8:47pm UTC
Elmore Park
Bartlett, TN
Updated May 9 at 1:50am UTC
5885 Shelby Oaks Dr
Memphis, TN
Updated August 25 at 9:43am UTC
3055 Water Oak Dr
Memphis, TN
Updated July 12 at 9:35am UTC
6520 STAGE
Cara Oaks Gardens
Bartlett, TN
Updated July 18 at 6:47am UTC
Millington, TN
Updated September 15 at 4:23am UTC
4299 Elvis Presley Blvd
Memphis, TN
Updated September 22 at 6:33pm UTC
2797 Sonora Dr
Southeast Memphis Betterment Association
Memphis, TN
Updated June 25 at 5:27pm UTC
3656 Gloucester Cove
Memphis, TN
Updated June 25 at 5:27pm UTC
Results within 1 miles of Memphis, TN
1241 Payton
Southaven, MS
Updated August 16 at 10:18am UTC
3303 Southern Ave
Messick Buntyn
Memphis, TN
Updated September 15 at 5:43pm UTC
Results within 5 miles of Memphis, TN
896 Jackson Ave.
Memphis, TN
Updated August 29 at 9:59am UTC
Results within 10 miles of Memphis, TN
3040 EGAN DR
Southeast Memphis Betterment Association
Memphis, TN
Updated July 11 at 9:53am UTC

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

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.


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.