Memphis, TN rental market
Last updated August 8, 2025
Rental market summary
The average rent for all bedrooms and all property types in Memphis, TN is $1,329.
$1,329
-$21
+$29
2,984
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $100 to $14,000.
| Rent price | Number of rental properties |
|---|---|
| $0 | 13 |
| $500 | 31 |
| $600 | 85 |
| $700 | 175 |
| $800 | 231 |
| $900 | 290 |
| $1,000 | 291 |
| $1,100 | 281 |
| $1,200 | 263 |
| $1,300 | 265 |
| $1,400 | 240 |
| $1,500 | 265 |
| $1,600 | 203 |
| $1,700 | 183 |
| $1,800 | 126 |
| $1,900 | 109 |
| $2,000 | 69 |
| $2,100 | 62 |
| $2,200 | 58 |
| $2,300 | 45 |
| $2,400 | 42 |
| $2,500 | 34 |
| $2,600 | 15 |
| $2,700 | 15 |
| $2,800 | 7 |
| $2,900 | 10 |
| $3,000 | 1 |
| $3,100 | 4 |
| $3,200 | 4 |
| $3,300 | 1 |
| $3,400 | 8 |
| $3,500 | 5 |
| $3,600 | 4 |
| $3,700 | 4 |
| $3,900 | 6 |
| $4,000 | 2 |
| $4,100 | 1 |
| $4,200 | 1 |
| $4,400 | 5 |
| $4,500 | 4 |
| $4,900 | 6 |
| $5,000+ | 33 |
Average rent price over time
In the last year, rent has increased by $29 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $1,263 | $1,300 |
| Feb | $1,275 | $1,300 |
| Mar | $1,275 | $1,345 |
| Apr | $1,299 | $1,350 |
| May | $1,295 | $1,345 |
| Jun | $1,295 | $1,325 |
| Jul | $1,275 | $1,350 |
| Aug | $1,300 | $1,345 |
| Sep | $1,300 | No data |
| Oct | $1,325 | No data |
| Nov | $1,325 | No data |
| Dec | $1,300 | No data |
Market temperature
The Memphis, TN rental market temperature is COOL. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Memphis, TN is 37% lower than the national average.
$1,329
$2,100
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Frequently asked questions
1. What is the average rent in Memphis, TN?
The average rent in Memphis, TN is $1,329.
2. How much does it cost to rent a house in Memphis, TN?
Houses in Memphis, TN rent between $100 - $14,000 with an average rent of $1,329.
3. How has the rent in Memphis, TN changed in the last year?
In the last year, the rent in Memphis, TN increased by $29
4. How much has the rent in Memphis, TN increased/decreased in the last month?
In the last month, the rent in Memphis, TN decreased by $21
5. How many available rentals are there in Memphis, TN?
There are currently 2,984 rentals available in Memphis, TN.
6. How do rent prices in Memphis, TN compare with the national average?
The average rent in Memphis, TN is $1,329 — 36.71% lower the national average of $2,100.