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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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Arbors River Oaks Apartment Homes
(901) 403-8942
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Parcels at Concourse
(901) 459-3549
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Miller Creek at Germantown Apartment Homes
(901) 763-8128
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Tanglewood
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Chapel Place Homes (Affordable Housing; Income Limit Restrictions Apply)
(901) 446-1295
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Grand Island Apartment Homes
(901) 522-1212
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Harbor Island Apartments
(901) 244-6201
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The Chisca On Main
(901) 459-3576
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University Place Apartments
(901) 295-6734
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Legends Park Apartments
(901) 295-3238
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Foote Park At South City
(901) 979-0558
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Village Green Apartments
(901) 365-0236
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Emerald Square
(901) 365-2784
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Arbors Harbor Town
(901) 352-2541
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Charming 3 Bedroom 2 Bath Family Home
(901) 569-2539
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1383 Janis Dr
(901) 244-4415
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4729 Laughlin Rd - Available Now!
(901) 334-1919
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6023 Harvest Moon Cove - Available Now!
(901) 334-1919
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3127 Knightway Rd
(901) 244-4415
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1766 Victoria Ave - Available Now!
(901) 334-1919
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4247 Moon Fall Way - Available Now!
(901) 334-1919
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2967 Meadowfair Rd
(615) 640-1442
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Great 3 Bedroom 2 Bathroom Home!
(901) 569-2539
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4762 Mallard Ridge - Available Now!
(901) 334-1919
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3591 Lynchburg
(901) 334-1919
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663 Leacrest Ave
(901) 569-2539
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1058 S Highland - Available Now!
(901) 334-1919
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4354 Spring Oak - Available Now!
(901) 334-1919
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3 Bedroom Apartments in Memphis, TN

1 of 81 Results
36
$2,088 - 2,906
The Villas at Germantown
Deal
5.0
3750 Moraine St Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
12
$1,650
King's Reserve Memphis - 55+ Senior
1550 N Pkwy Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Senior Community
Air Conditioning
Balcony, Deck, Patio
30
$2,260 - 2,665
Arbors River Oaks Apartment Homes
225 Arbor Commons Circle Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
46
$3,081 - 3,951
Parcels at Concourse
5.0
1350 Concourse Ave Suite 750 Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Surface Parking
36
$2,195 - 3,085
Miller Creek at Germantown Apartment Homes
Deal
3769 Skipping Stone Trace Memphis, TN
3 BR | Jun. 29, 2023
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
17
$1,269
Tanglewood
5770 Tangle Oaks Drive Memphis, TN
3 BR | Jul. 6, 2023
Contact
Dog Friendly
Cat Friendly
3
$947 - 1,447
Chapel Place Homes (Affordable Housing; Income Limit Restrictions Apply)
5228 Whistling Duck Dr Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Income Restricted
Balcony, Deck, Patio
Dishwasher
25
$2,299 - 2,320
Grand Island Apartment Homes
3.2
300 Grand Island Drive Memphis, TN
3 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
In Unit Laundry
25
$2,575
Harbor Island Apartments
5.0
444 Island Dr., Suite Memphis, TN
3 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony, Deck, Patio
13
Call for Pricing
The Chisca On Main
Deal
4.6
272 S. Main St Memphis, TN
3 BR | Ask for Availability
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Furnished
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
34
$1,640 - 1,858
University Place Apartments
Deal
3.3
1045 East Eh Crump Blvd Memphis, TN
3 BR | Available Now
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Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
15
$1,859 - 2,251
Legends Park Apartments
2.8
198 N Pauline St Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
In Unit Laundry
Balcony, Deck, Patio
Fitness Center
20
$1,340
Foote Park At South City
521 Vance Park Place Memphis, TN
3 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
8
$785 - 835
Village Green Apartments
Deal
2.6
3450 Fescue Lane Memphis, TN
3 BR | Available Now
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Cat Friendly
Air Conditioning
Covered Parking
Balcony, Deck, Patio
Storage
4
Call for Pricing
Emerald Square
6082 Knightsbridge Drive Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
Section 8
Surface Parking
Dishwasher
24
$1,614 - 1,777
Arbors Harbor Town
2.9
671 Harbor Edge Drive Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Fitness Center
Pool
25
$1,795
Charming 3 Bedroom 2 Bath Family Home
3891 Ross Rd Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
11
$1,250
1383 Janis Dr
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
21
$1,295
4729 Laughlin Rd - Available Now!
4729 Laughlin Rd Memphis, TN
3 BR | Ask for Availability
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House
33
$1,395
6023 Harvest Moon Cove - Available Now!
6023 Harvest Moon Cv Memphis, TN
3 BR | Ask for Availability
Contact
House
11
$1,050
3127 Knightway Rd
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
Covered Parking
24
$1,395
1766 Victoria Ave - Available Now!
1766 Victoria Ave Memphis, TN
3 BR | Ask for Availability
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House
20
$1,550
4247 Moon Fall Way - Available Now!
4247 Moonfall Way Memphis, TN
3 BR | Ask for Availability
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House
7
$1,025
2967 Meadowfair Rd
Memphis, TN
3 BR | Available Now
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House
Air Conditioning
15
$1,195
Great 3 Bedroom 2 Bathroom Home!
3299 S Perkins Rd Memphis, TN
3 BR | Ask for Availability
Contact
House
20
$1,495
4762 Mallard Ridge - Available Now!
4762 Mallard Ridge Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
31
$1,950
3591 Lynchburg
Memphis, TN
3 BR | Ask for Availability
Contact
House
18
$1,095
663 Leacrest Ave
Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
21
$1,050
1058 S Highland - Available Now!
1058 S Highland St Memphis, TN
3 BR | Ask for Availability
Contact
House
21
$1,695
4354 Spring Oak - Available Now!
4354 Spring Oak Cv Memphis, TN
3 BR | Ask for Availability
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House
1 - 30 of 81 Results
  1. Home
  2. Memphis
  3. 3 Bedroom Apartments

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

Memphis Apartments
Bed Type Average Rent Range
Studio $1,080 $690 - $2,010
1BR $1,010 $550 - $1,670
2BR $1,150 $640 - $1,790
3BR $1,250 $760 - $2,330
4+BR $1,400 $660 - $2,840
Frequently Asked Questions

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

Rentable.co has over 17,979 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 $1,010 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 three-bedroom apartments are available in Memphis, TN on Rentable.co?

Rentable.co has 81 three-bedroom apartments available for rent in Memphis.

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

  1. Downtown Memphis
  2. South Forum
  3. Mud Island
  4. Voillintine-Evergreen
  5. McKeller

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
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Virtual Tour Apartments
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Short Term Rentals
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Luxury Apartments

Memphis:
June Rent Report

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

Memphis rent prices increased over the last month. From May to June, the city experienced a 0.7% increase for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $1,003.0.

When we take a look at the two-bedroom comparison from May to June, Memphis experienced a 0.71% increase for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,137.0.

June 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 2 of the Memphis suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

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

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

June 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 June 1 BR M/M % Change 2 BR June 2 BR M/M % Change
Memphis, TN $996.0 1.43% $1,129.0 -0.62%
Cordova, TN $1,457.0 1.25% $1,579.0 -0.25%
Southaven, MS $1,470.0 5.53% $1,477.0 0.20%
Collierville, TN $1,376.0 -0.43% $1,689.0 1.56%
Horn Lake, MS $1,288.0 -1.45% $1,351.0 -1.32%
Walls, MS $985.0 0.00% $1,235.0 2.83%
Germantown, TN $1,499.0 0.00% $1,834.0 0.22%

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.