Apartments in High Point Terrace Memphis

1 - 30 of 82 Results
$2,100
3625 Kenwood Ave Memphis, TN
3 BR | Available Now
Contact
House
High Point Terrace
$1,895
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
High Point Terrace
19
$1,495
Memphis, TN
2 BR | Available Now
Contact
House
Air Conditioning
Dishwasher
High Point Terrace
12
$995
Memphis, TN
1 BR | Available Now
Contact
Air Conditioning
Surface Parking
Storage
Dishwasher
High Point Terrace
18
$1,695
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
High Point Terrace
12
$1,425
435 N Highland #1 Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Storage
Dishwasher
11
$2,295
469 Lytle St Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
High Point Terrace
10
$799
3727 Faxon Ave Memphis, TN
1 BR | Available Now
Contact
House
23
$1,050
3644 Faxon Ave Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
10
$1,095
427 N Graham Memphis, TN
2 BR | Available Now
Contact
15
$1,045
3447 Tutwiler Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Storage
7
$550
4015 Summer Ave Memphis, TN
1 BR | Jun. 3, 2024
Contact
Air Conditioning
Storage
Disability Access
5
$725
516-522 Sharon Dr Memphis, TN
2 BR | Available Now
Contact
Air Conditioning
Balcony/Deck/Patio
Storage
Disability Access
Dishwasher
6
$750
4030 Summer Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
11
$670 - 700
Memphis, TN
1 - 2 BR | Available Now
Contact
Storage
28
$1,200
3568 Coleman Ave Memphis, TN
3 BR | Available Now
Contact
House
23
$825
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
Storage
1
$475
Memphis, TN
2 BR | Available Now
Contact
Air Conditioning
Balcony/Deck/Patio
3
$1,395
Memphis, TN
3 BR | May. 31, 2024
Contact
Dog Friendly
Cat Friendly
House
9
$990
Memphis, TN
2 BR | Available Now
Contact
House
$2,795
286 Belhaven St Memphis, TN
3 BR | Jun. 7, 2024
Contact
Dog Friendly
Cat Friendly
House
13
$950
3227 Lyndale Ave Memphis, TN
3 BR | Available Now
Contact
House
21
$1,350 - 1,800
197 Windover Road #9 Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Townhome
Air Conditioning
In Unit Laundry
16
$795
Memphis, TN
2 BR | Available Now
Contact
House
Air Conditioning
Storage
12
$825
69 Eastview Dr Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$925 - 995
160 Hayden Pl Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
$1,095
Memphis, TN
2 BR | Available Now
Contact
Cat Friendly
House
Dishwasher
15
$650
1096 Gordon St Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Storage
5
$825
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
16
$1,095
1117 Biltmore St Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Storage
1 - 30 of 82 Results
  1. Home
  2. Memphis
  3. High Point Terrace

Memphis:
May Rent Report

Welcome to the May 2024 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 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

$1,250
$940
$630
$310
$0
Mar. 2023
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
1 BR       2 BR

Memphis Rent Prices Decrease From April to May

Memphis rent prices decreased over the last month. From April to May, the city experienced a -0.62% decrease for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $959.0.

When we take a look at the two-bedroom comparison from April to May, Memphis experienced a -0.09% decrease for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,074.0.

May Prices: Memphis vs. Surrounding Areas

Germantown, TN
Cordova, TN
Collierville, TN
Horn Lake, MS
Southaven, MS
Memphis, TN
Millington, TN
$1,544
$1,476
$1,439
$1,314
$1,260
$953
$500
$0
$550
$1,100
$1,650
$2,200
Median 1 BR Rent

Rent Prices in Memphis and Surrounding Areas

Rent prices have decreased 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 Horn Lake, MS, Collierville, TN .

  • Rent decreased in Cordova, TN, Southaven, MS, Germantown, TN, Millington, TN.

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

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

May 2024 Pricing Trends: Memphis vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
Memphis, TN
$4,056
$3,039
$2,377
$2,336
$1,913
$1,300
$1,283
$1,178
$953
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Memphis Rent Prices More Affordable Than Major Cities

Rent growth in Memphis over the past year has been declining. 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 $953.0 -0.52% $1,068.0 -0.19%
Cordova, TN $1,476.0 -0.14% $1,624.0 -0.61%
Southaven, MS $1,260.0 -0.79% $1,457.0 1.39%
Horn Lake, MS $1,314.0 0.84% $1,428.0 -0.49%
Collierville, TN $1,439.0 3.01% $1,632.0 0.00%
Germantown, TN $1,544.0 -0.07% $1,845.0 0.55%
Millington, TN $500.0 0.00% $1,500.0 42.45%

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.