Rent Trends for Apartments in Memphis

August 2026

Bedroom count	Memphis	vs Last Month
Studio	$1,125	down 7.02%
1 Bedroom	$895	No change
2 Bedroom	$950	down 2.56%
3 Bedroom	$1,350	down 1.82%
4 Bedroom	$1,650	up 0.92%

Median rent as of August 9, 2026

This August, we've analyzed our 2,567 listings in Memphis to determine the rent trend. We're updating our tables in real time to give you the most up to date Memphis median apartment rent prices by bedroom count.

The median rent for a studio apartment decreased by 2.34% to $1,125, while the median rent for a 1 bedroom apartment increased by 2.29% to $895.

Cities Near Memphis

Bartlett Apartments Millington Apartments West Memphis Apartments Southaven Apartments Lakeland Apartments Germantown Apartments Horn Lake Apartments Cordova Apartments Walls Apartments Drummonds Apartments

Top Neighborhoods in Memphis

Binghampton-Lester Apartments Southeast Memphis Apartments Central Gardens Apartments Springhill Community Civic Club Apartments Alliance of Cordova Neighborhoods Apartments New Pathways Apartments Countrywood Apartments Normal Station Apartments

Apartment Types in Memphis

Cheap Apartments in Memphis Luxury Apartments in Memphis Move In Special Apartments in Memphis Utilities Included Apartments in Memphis No Security Deposit Apartments in Memphis Short Term Rentals in Memphis

Find Your Dream Apartment for Rent in Memphis

PadMapper has 2,567 condos, houses, and apartments for rent in Memphis. Specifically, 32 studio apartments, 279 one-bedroom apartments, 405 two-bedroom apartments, 589 three-bedroom apartments are currently available for rent.

We have options to filter by price, bedroom count, bathroom count, long-term or short-term, housing type, pet friendly, no broker fee, and you can search for an apartment by custom keywords.

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