Average rent in Memphis, Tennessee
Top neighborhoods in Memphis
Hickory Hill
What it’s like to live in Hickory Hill
Parkway Village
What it’s like to live in Parkway Village
Oakhaven
What it’s like to live in Oakhaven
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- Southaven, MS Apartments (37)
- Horn Lake, MS Apartments (50)
- Lynchburg, MS Apartments (4)
- Olive Branch, MS Apartments (21)
- West Memphis, AR Apartments (6)
- Atoka, TN Apartments (6)
- Germantown, TN Apartments (25)
- Munford, TN Apartments (6)
- Brownsville, TN Apartments (21)
- Collierville, TN Apartments (24)
- Oxford, MS Apartments (22)
- Lakeland, TN Apartments (21)
- Arlington, TN Apartments (11)
- Bartlett, TN Apartments (50)
- Somerville, TN Apartments (7)
- Oakland, TN Apartments (7)
Finding and Renting an Apartment in Memphis, Tennessee
Memphis is a soulful, historic city known as the “Birthplace of Rock n’ Roll.” It’s one of the best places to live in Tennessee, offering residents an enticing culture. From rich Southern cuisine to lively blues clubs, it’s clear why this vibrant city appeals to so many.
If you’re ready to call Memphis home, there are plenty of incredible areas to explore. Cordova is a front-runner for families wanting a more suburban feel. It offers a quieter, community-focused environment with easy access to city amenities. For outdoor enthusiasts, Overton Park and the Greenline have extensive green spaces and trails, perfect for weekend picnics and leisurely bike rides. And the iconic Beale Street is a hub for nightlife and dining, surrounded by apartments that attract young professionals and creatives alike.
With so many incredible neighborhoods to choose from, you’ll need a better strategy than simply typing “apartments for rent near me” into Google to find an apartment in Memphis. Whether you’re searching in the bustling downtown area or family-friendly Cordova, Apartment List can simplify your search. Our mobile-friendly app tailors search results to fit your needs.
Download our app from Google Play or the App Store, take our Renter Quiz, and explore a curated list of Memphis apartments that perfectly match your preferences. From luxury two-bedroom penthouses to affordable, pet-friendly options, your perfect home is just a few clicks away.
Frequently Asked Questions
Frequently Asked Questions (FAQs)
Yes, Memphis is considered an affordable place to live compared to many other large cities in Tennessee. The average rent for an apartment in Memphis, TN is around $1,095, which is lower than the national average. This makes Memphis an attractive option for those looking for a more budget-friendly city.
Here’s the median price for one and two-bedroom apartments for rent in Memphis:
- - 1BR: $915/month
- - 2BR: $1,037/month
If you’re looking to stretch your dollar a bit further, consider moving to a city near Memphis, instead. Southaven, Horn Lake, and Oakland are all wallet-friendly options within 40 miles of Memphis.
A good rule of thumb for any city is to have an annual salary of at least three times your monthly rent. If your Memphis, Tennessee apartment rental costs $915, a yearly income of around $33,000 could be enough, depending on your lifestyle.
Those looking for good apartments in Memphis should consider areas like downtown and midtown Memphis. They’re the city’s heartbeat, presenting a mix of old-world charm and modern amenities. And sitting on the banks of the mighty Mississippi River, Harbor Town and Mud Island provide residents with scenic views and a tranquil atmosphere close to the urban core.
No matter what neighborhoods top your list, finding an apartment near Memphis, TN is stress-free with Apartment List.