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Longview Gardens
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842 Alida Ave
(901) 560-7630
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1863 Marjorie
(901) 725-7766
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4Br House In Memphis
(901) 300-6402
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Updated 2 Bedroom
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Cane Creek
(901) 774-8882
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Apartments in McKeller Memphis

1 of 6 Results
$475 - 585
Longview Gardens
1.8
1726 S. Orleans Street Memphis, TN
2 BR | Available Now
11
$895
842 Alida Ave
Memphis, TN
3 BR | Available Now
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House
Dishwasher
17
$875
1863 Marjorie
Memphis, TN
2 BR | Available Now
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House
Storage
Dishwasher
4
$1,400
4Br House In Memphis
668 Eads Ave Memphis, TN
4 BR | Ask for Availability
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House
0
$950
Updated 2 Bedroom
1627 Barton St Memphis, TN
2 BR | Ask for Availability
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$649 - 749
Cane Creek
1528 Ragan Street Memphis, TN
4 BR | Available Now
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Dog Friendly
Cat Friendly
Income Restricted
Section 8
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1 - 6 of 6 Results
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  2. Memphis
  3. McKeller

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.

Asset 2
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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.