Rent Trends for Apartments in Memphis

May 2026

Bedroom count	Memphis	vs Last Month
Studio	$1,190	down 0.42%
1 Bedroom	$900	down 2.70%
2 Bedroom	$975	down 2.69%
3 Bedroom	$1,350	up 3.45%
4 Bedroom	$1,650	No change

Median rent as of May 3, 2026

This May, we've analyzed our 2,577 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 0.17% to $1,190, while the median rent for a 1 bedroom apartment remained the same at $900.

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 New Pathways Apartments Southeast Memphis Apartments Central Gardens Apartments Alliance of Cordova Neighborhoods Apartments Gray's Creek Apartments Countrywood Apartments Orange Mound Civic Orgganization 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 2,577 condos, houses, and apartments for rent in Memphis. Specifically, 44 studio apartments, 278 one-bedroom apartments, 436 two-bedroom apartments, 563 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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