Rent Trends for Apartments in Memphis

February 2026

Bedroom count	Memphis	vs Last Month
Studio	$1,193	up 46.74%
1 Bedroom	$974	up 1.46%
2 Bedroom	$1,035	up 3.09%
3 Bedroom	$1,300	up 0.39%
4 Bedroom	$1,650	No change

Median rent as of February 1, 2026

This February, we've analyzed our 2,904 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 increased by 49.13% to $1,193, while the median rent for a 1 bedroom apartment increased by 2.63% to $974.

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 Springhill Community Civic Club Apartments Gray's Creek 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 2,904 condos, houses, and apartments for rent in Memphis. Specifically, 46 studio apartments, 295 one-bedroom apartments, 454 two-bedroom apartments, 676 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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