Rent Trends for Apartments in Memphis

May 2026

Bedroom count	Memphis	vs Last Month
Studio	$1,181	down 1.01%
1 Bedroom	$895	down 0.56%
2 Bedroom	$985	down 1.30%
3 Bedroom	$1,365	up 3.02%
4 Bedroom	$1,645	down 0.30%

Median rent as of May 10, 2026

This May, we've analyzed our 2,411 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 0.76% to $1,181, while the median rent for a 1 bedroom apartment decreased by 0.56% 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 Central Gardens Apartments New Pathways Apartments Alliance of Cordova Neighborhoods Apartments Gray's Creek Apartments Orange Mound Civic Orgganization Apartments Rhodes Hollywood Springdale Partnership Apartments Springhill Community Civic Club Apartments

Apartment Types in Memphis

Pet Friendly Apartments 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 2,411 condos, houses, and apartments for rent in Memphis. Specifically, 41 studio apartments, 267 one-bedroom apartments, 375 two-bedroom apartments, 559 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.

Search › Tennessee › Memphis › Cheap