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Greenbrook at Shelby Farms
(833) 266-1411
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The Park at Forest Hill
(901) 883-5989
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The Villas at Germantown
(844) 451-2336
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King's Reserve Memphis - 55+ Senior
(662) 863-3101
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Metro67
(901) 459-3578
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The Junction
(662) 767-7460
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Arbors River Oaks Apartment Homes
(901) 676-5822
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Parcels at Concourse
(901) 459-3549
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The Park at Paisley
(901) 546-9800
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The Park at Hollyford
(901) 365-7469
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Miller Creek at Germantown Apartment Homes
(901) 520-6197
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Tanglewood
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The Tower at Kent
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Grand Island Apartment Homes
(901) 522-1212
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The Chisca On Main
(901) 459-3576
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Harbor Island Apartments
(901) 244-6201
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City View Towers - Seniors 62 & Older
(870) 771-3433
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Gayoso House
(901) 459-3591
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266 Lofts
(901) 572-7210
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Pembroke Square
(901) 446-2160
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The W. L. Apartments
(901) 459-3593
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The Lofts At Union Alley
(901) 459-3586
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Legends Park Apartments
(901) 295-3238
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University Place Apartments
(901) 295-6734
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Foote Park At South City
(901) 979-0558
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The Gilmore
(901) 726-5575
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Barboro Flats
(901) 734-3333
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South Line
(901) 486-1595
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Van Fleet Flats
(901) 734-3333
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Midtown Memphis Apartment
(901) 238-8845
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1 Bedroom Apartments in Memphis, TN

1 of 53 Results
46
$879 - 1,617
Greenbrook at Shelby Farms
4.6
1400 Greenbrook Parkway Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
27
$970 - 1,103
The Park at Forest Hill
8285 Irene Boulevard Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Balcony, Deck, Patio
36
$1,522 - 2,329
The Villas at Germantown
Deal
5.0
3750 Moraine St Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
12
$1,050 - 1,400
King's Reserve Memphis - 55+ Senior
1550 N Pkwy Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Senior Community
Air Conditioning
Balcony, Deck, Patio
66
3D Tour
$1,644 - 3,764
Metro67
4.1
67 Madison Ave. Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Virtual Tour
Air Conditioning
10
$950 - 1,000
The Junction
Deal
3341 Southern Ave Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Dishwasher
30
$1,570 - 2,095
Arbors River Oaks Apartment Homes
225 Arbor Commons Circle Memphis, TN
1 BR | Jun. 13, 2023
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
46
$1,956 - 2,317
Parcels at Concourse
5.0
1350 Concourse Ave Suite 750 Memphis, TN
1 BR | Aug. 3, 2023
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Surface Parking
35
$875 - 1,065
The Park at Paisley
4.2
3315 Ridgeway Road Memphis, TN
1 BR | Available Now
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Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
22
$850 - 925
The Park at Hollyford
2.6
6555 North Country Oaks Circle Memphis, TN
1 BR | Available Now
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Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
36
$1,350 - 2,110
Miller Creek at Germantown Apartment Homes
Deal
3769 Skipping Stone Trace Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
17
$929 - 999
Tanglewood
5770 Tangle Oaks Drive Memphis, TN
1 BR | Jun. 6, 2023
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Dog Friendly
Cat Friendly
$800 - 1,100
The Tower at Kent
366 S Highland St Memphis, TN
1 BR | Available Now
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Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
25
$1,585 - 1,745
Grand Island Apartment Homes
3.2
300 Grand Island Drive Memphis, TN
1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
In Unit Laundry
13
Call for Pricing
The Chisca On Main
Deal
4.6
272 S. Main St Memphis, TN
1 BR | Ask for Availability
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Furnished
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
25
$1,335 - 1,435
Harbor Island Apartments
5.0
444 Island Dr., Suite Memphis, TN
1 BR | Ask for Availability
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Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony, Deck, Patio
14
$100 - 350
City View Towers - Seniors 62 & Older
256 S Camilla St Memphis, TN
1 BR | Available Now
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Heat Included
Senior Community
Income Restricted
Air Conditioning
Surface Parking
9
$1,100
Gayoso House
4.9
130 S Front St Memphis, TN
1 BR | Ask for Availability
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Fitness Center
28
$1,000 - 1,250
266 Lofts
2.6
266 S Front St Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Surface Parking
12
$1,000 - 1,500
Pembroke Square
5.0
125 Gayoso Ave Memphis, TN
1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Fitness Center
11
$1,025
The W. L. Apartments
5.0
267 South Main St Memphis, TN
1 BR | Ask for Availability
Contact
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Dishwasher
8
$1,100 - 1,400
The Lofts At Union Alley
5.0
110 Barboro Alley Memphis, TN
1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Den
15
$1,267 - 1,452
Legends Park Apartments
2.8
198 N Pauline St Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
In Unit Laundry
Balcony, Deck, Patio
Fitness Center
34
$1,169 - 1,468
University Place Apartments
Deal
3.3
1045 East Eh Crump Blvd Memphis, TN
1 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
20
$1,045
Foote Park At South City
521 Vance Park Place Memphis, TN
1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
15
$725 - 850
The Gilmore
3.9
6 South Mclean Blvd Memphis, TN
1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
6
$950 - 1,035
Barboro Flats
3.0
100 Gayoso Ave Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Section 8
Air Conditioning
13
3D Tour
$1,035 - 1,085
South Line
4.5
676 S Front St Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
In Unit Laundry
Balcony, Deck, Patio
6
$1,200 - 1,400
Van Fleet Flats
5.0
122 Gayoso Avenue Memphis, TN
1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
Covered Parking
19
$995
Midtown Memphis Apartment
1616 Monroe Ave Memphis, TN
1 BR | Ask for Availability
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Air Conditioning
In Unit Laundry
Dishwasher
1 - 30 of 53 Results
  1. Home
  2. Memphis
  3. 1 Bedroom Apartments

How much does it cost to rent an apartment in Memphis?

Memphis Apartments
Bed Type Average Rent Range
Studio $1,080 $690 - $2,020
1BR $1,000 $550 - $1,700
2BR $1,150 $630 - $1,790
3BR $1,250 $750 - $2,350
4+BR $1,480 $650 - $2,850
Frequently Asked Questions

How many apartments are available in Memphis, TN on Rentable.co?

Rentable.co has over 17,932 apartments available in Memphis.

What is the average rent for a studio apartment in Memphis, TN?

The average rent for a studio apartment in Memphis is around $1,080 per month.

What is the average rent for a one-bedroom apartment in Memphis, TN?

The average rent for a one-bedroom apartment in Memphis is around $1,000 per month.

What is the average rent for a two-bedroom apartment in Memphis, TN?

The average rent for a two-bedroom apartment in Memphis is around $1,150 per month.

How expensive is living in Memphis, TN?

Based on average rent prices in Memphis, to afford a studio apartment you would need an annual salary of $43,000 to live comfortably.

How many one-bedroom apartments are available in Memphis, TN on Rentable.co?

Rentable.co has 53 one-bedroom apartments available for rent in Memphis.

Which neighborhoods have the most one-bedroom apartments for rent in Memphis, TN?

  1. South Forum
  2. Cooper-Young
  3. Central Gardens
  4. Downtown Memphis
  5. Mud Island

Asset 2
Apartments by Bedrooms
2 Bedroom Apartments
3 Bedroom Apartments
4 Bedroom Apartments
Studio Apartments
1 Bedroom Apartments
Apartments by Affordability
Apartments Under $700
Apartments Under $1,200
Apartments Under $1,000
Apartments Under $900
Apartments Under $800
Apartments Under $600
Apartments Under $500
Cheap Apartments
Apartments with Amenities
Pet Friendly Apartments
Furnished Apartments
Virtual Tour Apartments
Apartments with Move In Specials
Short Term Rentals
Apartments With Utilities Included
Apartments by Type
Houses For Rent
Student Apartments
Senior Apartments and Housing
Townhomes For Rent
Condos For Rent
Luxury Apartments

Memphis:
May Rent Report

Welcome to the May 2023 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2023 key findings and figures for the Memphis rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Memphis and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Memphis average rent prices in the chart below.

Monthly Rent Report

Memphis Rent Prices Increase From April to May

Memphis rent prices increased over the last month. From April to May, the city experienced a 1.43% increase for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $996.0.

When we take a look at the two-bedroom comparison from April to May, Memphis experienced a -0.62% decrease for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,129.0.

May Prices: Memphis vs. Surrounding Areas

Rent Prices in Memphis and Surrounding Areas

Rent prices have increased in Memphis over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 3 of the Memphis suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Cordova, TN, Southaven, MS, Walls, MS .

  • Rent decreased in Collierville, TN, Horn Lake, MS, Germantown, TN.

  • 5 suburbs are currently priced higher than the city of Memphis.

  • 1 suburb is currently priced lower than the city of Memphis.

May 2023 Pricing Trends: Memphis vs. National Comparisons

Memphis Rent Prices More Affordable Than Major Cities

Rent growth in Memphis over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Memphis average rent prices appear to be relatively affordable for local residents.

The price for a Memphis one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Memphis and surrounding area rent prices, take a look at the complete data set below.

Data set for Memphis and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
Memphis, TN $982.0 0.51% $1,136.0 -1.56%
Cordova, TN $1,439.0 1.98% $1,583.0 0.89%
Southaven, MS $1,393.0 2.65% $1,474.0 -0.47%
Collierville, TN $1,382.0 -0.43% $1,663.0 0.36%
Horn Lake, MS $1,307.0 -1.28% $1,369.0 0.00%
Walls, MS $985.0 4.12% $1,201.0 5.35%
Germantown, TN $1,499.0 0.00% $1,830.0 0.06%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.