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Apartments for rent in Memphis, TN
Living in Memphis
Memphis is a city steeped in music history and Southern hospitality. Renters can enjoy vibrant neighborhoods like Downtown or Cooper-Young, which offer trendy apartments near live music venues, restaurants, and cultural attractions. Families often choose areas like East Memphis or Germantown for their spacious homes and proximity to parks and schools. With its strong healthcare sector and growing logistics industry, Memphis provides career opportunities alongside a rich cultural experience rooted in blues, barbecue, and history.
Average rental prices (based on base prices without fees)
- Studio
- $1,055+
- 1 Bedroom
- $1,119+
- 2 Bedroom
- $1,215+
- 3 Bedroom
- $1,577+
Great for
- Music lovers
- Young professionals in healthcare/logistics industries
- Families seeking suburban living
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Best Time to Rent in Memphis, TN
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Rental Market Trends
Insights for Memphis, TN
Memphis’s rental market is shaped by its logistics and healthcare sectors, with Midtown and Downtown attracting young professionals. Suburbs like Germantown and Collierville are popular with families seeking more space and good schools. Revitalizing neighborhoods can offer good deals for budget-minded renters.
Complete our quiz to see available amenities for apartments in Memphis, TN
Top neighborhoods
Parkway Village
What's it like to live in Parkway Village?
Parkway Village features mid-century homes with family-friendly amenities in southeastern Memphis. Rental properties typically include larger yards and more space than similarly priced options in central or northern districts. The neighborhood provides excellent access to both Memphis International Airport employment and shopping along Winchester Road, making it particularly popular with aviation professionals and airport employees seeking convenient commutes.
Great for
- Affluent Families
- Luxury Renters
- Professionals
- Retirees
Neighborhood vibe
- Suburban
- Green Spaces
- Family-Friendly
Binghampton Lester
What's it like to live in Binghampton Lester?
Binghampton/Lester offers affordability with growing amenities in this evolving Memphis district. Rental homes typically include more yard space and square footage than similarly priced options in trendier neighborhoods. The area provides excellent access to both Broad Avenue's developing arts district and the University of Memphis, creating convenient positioning for students and creative professionals seeking value with genuine urban character beyond purely functional rental environments.
Great for
- Families
- Retirees
- Professionals
- Young Renters
- Commuters
Neighborhood vibe
- Mixed-Use
- Peaceful
- Mixed-Use & Commercial
Hickory Hill
What's it like to live in Hickory Hill?
Value-conscious renters gravitate to Hickory Hill, where this southeast Memphis neighborhood offers more living space than urban districts. Apartments and rental homes typically feature generous floor plans and parking – features increasingly rare in trendier areas. The neighborhood provides excellent access to both I-385 and Winchester Road shopping, creating convenience for households who prioritize practicality over walkability.
Great for
- Families
- Retirees
- Professionals
- Young Renters
- Commuters
Neighborhood vibe
- Mixed-Use
- Peaceful
- Mixed-Use & Commercial
Renting in Memphis: Tips and local insights
Navigate apartment hunting and city life like a local with our curated articles about Memphis, Tennessee.
- Apartment Moving
Cost of Living in Memphis, TN 2024
Renter Satisfaction
- Overall30%
- Affordability90%
- Weather60%
- Pet friendly40%
- Commute time30%
- Taxes30%
- Career10%
- Dating10%
- Safety0%
- Schools0%
- Public transit0%
- Recreation0%
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