Rental market trends for
Memphis, TN
The average rent price in Memphis was $1,085 last month, down $31 month over month.
Median rent
$1,085
Month-over-month change
−$31
Average rent in Memphis
In November 2024, Memphis rental prices decreased $31 compared to last month.
$1,085
-2.78% month over 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% |
Cooper Young | $1,095 | +0.00% |
Central Gardens | $975 | -43.46% |
Mud Island | $2,572 | +2.90% |
Raleigh | $992 | -17.68% |
Whitehaven | $893 | -31.04% |
Sea Isle Park | $1,660 | +11.04% |
Jackson | $875 | -7.41% |
Southwind | $1,725 | -5.74% |
High Point Terrace | $1,350 | +8.00% |
Parkway Village | $1,055 | -24.37% |
Last updated: 12/09/2024
Average rent of nearby cities
Here's how Memphis's average rent of $1,085 compares to nearby cities.
Last updated: 12/09/2024
More resources for Memphis
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Condos for rent in Memphis | |||
Houses for rent in Memphis | |||
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Apartments for rent in Memphis | |||
Rooms for rent in Memphis |