Rental market trends for
Memphis, TN
The average rent price in Memphis was $1,152 last month, down $5 month over month.
Median rent
Month-over-month change
Average rent in Memphis
In August 2025, Memphis rental prices decreased $5 compared to last month.
Median rent of neighborhoods in Memphis
| Neighborhood | Median rent | MoM (% change) |
|---|---|---|
| Cordova | $1,721 | -6.69% |
| East Memphis | $1,695 | -5.04% |
| Midtown | $975 | -13.33% |
| Downtown Memphis | $994 | -23.24% |
| Mud Island | $2,572 | +2.90% |
| Cooper Young | $1,095 | +0.00% |
| High Point Terrace | $1,350 | +8.00% |
| Whitehaven | $893 | -31.04% |
| Raleigh | $992 | -17.68% |
| Central Gardens | $975 | -43.46% |
| Jackson | $875 | -7.41% |
| North Memphis | $1,625 | +6.56% |
Average rent of nearby cities
Here's how Memphis's average rent of $1,152 compares to nearby cities.
More resources for Memphis
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| Condos for rent in Memphis | Rental listings in Memphis | ||
| Houses for rent in Memphis | |||
| Townhomes for rent in Memphis | |||
| Apartments for rent in Memphis | |||
| Rooms for rent in Memphis |
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