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Dream Germantown
(901) 361-4884
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Greenbrook at Shelby Farms
(833) 266-1411
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The Park at Forest Hill
(901) 754-7508
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The Villas at Germantown
(844) 451-2336
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Gayoso House
(901) 459-3591
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Metro67
(901) 459-3611
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Arbors River Oaks Apartment Homes
(901) 446-3077
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Parcels at Concourse
(901) 459-3549
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Hickory Grove
(901) 350-4994
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266 Lofts
(901) 572-7210
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The Chisca On Main
(901) 459-3576
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The Park at Paisley
(901) 546-9800
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Harbor Island Apartments
(901) 244-6201
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Grand Island Apartment Homes
(901) 522-1212
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Miller Creek at Germantown Apartment Homes
(901) 300-7324
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University Place Apartments
(901) 295-6734
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Foote Park At South City
(816) 307-3348
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Town House Apartment Homes
(901) 274-3596
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Village Green Apartments
(901) 365-0236
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The Cornerstone Flats
(901) 734-3333
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The Marine Residence
(901) 295-7002
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Number 10 Main
(901) 543-8356
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Arbors Harbor Town
(901) 352-2541
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Riverset Apartment Homes
(901) 526-6629
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Island Park And Harbor Town Square
(901) 523-7900
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The Embassy Apartments
(901) 685-8020
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Sycamore Lake
(901) 388-0583
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The Gilmore
(901) 726-5575
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University Place Apartments
(901) 567-2172
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Uptown Square Apartments
(901) 523-8662
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Luxury Apartments in Memphis, TN

Map
1 of 53 Results
61
Call for Pricing
Dream Germantown
5.0
7885 Silver Spur Circle Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
46
$917 - 2,538
Greenbrook at Shelby Farms
4.6
1400 Greenbrook Parkway Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
27
$1,198 - 1,417
The Park at Forest Hill
8285 Irene Boulevard Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Balcony, Deck, Patio
36
$1,372 - 3,236
The Villas at Germantown
Deal
5.0
3750 Moraine St Memphis, TN
Studio - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
9
$1,100
Gayoso House
4.9
130 South Front Street Memphis, TN
1 - 2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Fitness Center
27
3D Tour
$1,194 - 4,559
Metro67
4.1
67 Madison Ave. Memphis, TN
Studio - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Virtual Tour
Air Conditioning
30
$1,520 - 2,555
Arbors River Oaks Apartment Homes
225 Arbor Commons Circle Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
55
$1,450 - 2,458
Parcels at Concourse
5.0
1350 Concourse Avenue, Suite 750 Memphis, TN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Surface Parking
33
$760 - 1,049
Hickory Grove
4.2
6277 Lake Arbor Drive Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Balcony, Deck, Patio
Fitness Center
28
$1,000 - 1,725
266 Lofts
2.6
266 S Front Street Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Surface Parking
13
Call for Pricing
The Chisca On Main
Deal
4.6
272 S. Main St Memphis, TN
Studio - 3 BR | Ask for Availability
Contact
Furnished
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
35
$1,050 - 1,290
The Park at Paisley
4.2
3315 Ridgeway Road Memphis, TN
2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
25
$1,335 - 3,000
Harbor Island Apartments
5.0
444 Island Dr., Suite Memphis, TN
1 - 4 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony, Deck, Patio
25
$1,585 - 2,320
Grand Island Apartment Homes
3.2
300 Grand Island Drive Memphis, TN
1 - 3 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
In Unit Laundry
36
$1,320 - 2,805
Miller Creek at Germantown Apartment Homes
3769 Skipping Stone Trace Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
34
$1,018 - 1,520
University Place Apartments
Deal
3.3
1045 East Eh Crump Blvd Memphis, TN
1 - 3 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
20
$691 - 1,205
Foote Park At South City
521 Vance Park Place Memphis, TN
1 - 2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
11
$685 - 1,005
Town House Apartment Homes
Deal
3.4
1437 Central Avenue Memphis, TN
Studio - 2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
8
$555 - 835
Village Green Apartments
Deal
2.6
3450 Fescue Lane Memphis, TN
1 - 3 BR | Available Now
Contact
Cat Friendly
Air Conditioning
Covered Parking
Balcony, Deck, Patio
Storage
5
$1,010 - 1,650
The Cornerstone Flats
3.0
113 South Main Street Memphis, TN
1 - 2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
In Unit Laundry
4
3D Tour
$1,875 - 2,975
The Marine Residence
360 Metal Museum Dr Memphis, TN
2 - 3 BR | Available Now
Contact
Heat Included
Furnished
Dog Friendly
Cat Friendly
Section 8
5
$960 - 2,100
Number 10 Main
5.0
10 S Main St Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
In Unit Laundry
Fitness Center
24
$1,025 - 1,777
Arbors Harbor Town
2.9
671 Harbor Edge Drive Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Fitness Center
Pool
5
$905 - 1,055
Riverset Apartment Homes
Deal
100 Riverset Lane Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
In Unit Laundry
Balcony, Deck, Patio
Fitness Center
12
$1,020 - 1,510
Island Park And Harbor Town Square
1440 Island Park Drive Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
In Unit Laundry
Balcony, Deck, Patio
9
$1,100 - 3,300
The Embassy Apartments
505 South Perkins Road Memphis, TN
2 - 3 BR | Available Now
Contact
Heat Included
Covered Parking
Storage
Pool
16
$488 - 785
Sycamore Lake
1.9
2174 Westchester Rd. Memphis, TN
1 - 2 BR | Available Now
Contact
In Unit Laundry
Balcony, Deck, Patio
Fitness Center
Storage
Dishwasher
15
$525 - 1,200
The Gilmore
3.9
6 South Mclean Blvd Memphis, TN
Studio - 2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
15
$1,066 - 1,856
University Place Apartments
1045 E.h. Crump Blvd Memphis, TN
1 - 3 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
49
$995
Uptown Square Apartments
252 North Lauderdale Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
1 - 30 of 53 Results
  1. Home
  2. Memphis
  3. Luxury Apartments

How much does it cost to rent a luxury apartment in Memphis?

luxury apartments
Bed Type Average Rent Range
Studio $1,000 $600 - $1,460
1BR $1,130 $650 - $1,710
2BR $1,230 $750 - $1,900
3BR $1,750 $790 - $2,600
Memphis Apartments
Bed Type Average Rent Range
Studio $1,000 $630 - $1,500
1BR $970 $550 - $1,680
2BR $1,100 $630 - $1,840
3BR $1,250 $780 - $2,290
4+BR $1,530 $660 - $4,000
Memphis Luxury Apartments vs. Memphis Average
Frequently Asked Questions

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

Rentable.co has over 17,050 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 $1,000 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 $970 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 $1,100 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 $40,000 to live comfortably.

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

Rentable.co has 53 luxury apartments available for rent in Memphis.

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

The average rent for a luxury apartment in Memphis is around $1,200 per month.

Which neighborhoods have the most luxury apartments for rent in Memphis, TN?

  1. South Forum
  2. Downtown Memphis
  3. Mud Island

Asset 2
Apartments by Bedrooms
Studio Apartments
1 Bedroom Apartments
2 Bedroom Apartments
3 Bedroom Apartments
4 Bedroom Apartments
Apartments by Affordability
Cheap Apartments
Apartments Under $500
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Apartments Under $900
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Apartments with Amenities
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Memphis:
February Rent Report

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

Memphis rent prices increased over the last month. From January to February, the city experienced a 0.11% increase for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $898.0.

When we take a look at the two-bedroom comparison from January to February, Memphis experienced a -0.68% decrease for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,029.0.

February 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, Bartlett, TN .

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

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

February 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 February 1 BR M/M % Change 2 BR February 2 BR M/M % Change
Memphis, TN $897.0 -0.11% $1,036.0 -2.08%
Cordova, TN $1,353.0 2.81% $1,497.0 0.67%
Southaven, MS $1,257.0 3.37% $1,493.0 -3.68%
Horn Lake, MS $1,246.0 -1.74% $1,200.0 0.00%
Collierville, TN $1,290.0 -0.85% $1,384.0 -0.65%
Germantown, TN $1,241.0 -0.64% $1,683.0 -0.94%
Bartlett, TN $1,472.0 0.27% $1,831.0 0.94%

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.