Apartments in New Chicago Memphis

1 - 30 of 53 Results
12
$950 - 1,650
1550 N Pkwy Memphis, TN
Studio - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Senior Community
Air Conditioning
Balcony/Deck/Patio
45
$1,532 - 3,014
1350 Concourse Ave Suite 750 Memphis, TN
Studio - 2 BR | Available Now
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Heat Included
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
1
$665
Memphis, TN
1 BR | Ask for Availability
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Air Conditioning
New Chicago
5
$25 - 992
994 N Watkins St Memphis, TN
1 - 2 BR | Available Now
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Income Restricted
12
$1,225
925 Lewis St Memphis, TN
3 BR | Available Now
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House
$500
Memphis, TN
2 BR | Available Now
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Storage
8
$1,050
874 Garland St Memphis, TN
2 BR | Available Now
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House
7
$1,050
806 N Mcneil St Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
6
$800
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
8
$800
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
5
$700
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
House
$800
856 Dunlap St Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
$800
823 Pearce St Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
11
$835
Memphis, TN
2 BR | Jul. 12, 2024
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Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Storage
$850
825 Dunlap Cir Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
17
$1,350
Memphis, TN
3 BR | Available Now
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Disability Access
Voillintine-Evergreen
9
$625
Memphis, TN
1 BR | Available Now
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House
15
$1,200
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
Storage
Dishwasher
11
$799
1018 N 7th St Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
9
$1,150
668 Ayers St Memphis, TN
3 BR | Ask for Availability
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House
$695
Memphis, TN
2 BR | Ask for Availability
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Air Conditioning
$1,300
Memphis, TN
4 BR | Available Now
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House
13
$775
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Disability Access
9
$1,150
Memphis, TN
1 BR | Available Now
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10
$1,195
Memphis, TN
1 BR | Available Now
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House
Storage
Dishwasher
$900
Memphis, TN
3 BR | Available Now
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House
6
$775
1516 Britton St Memphis, TN
2 BR | Available Now
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House
$850 - 1,325
1550 N Pkwy Memphis, TN
Studio - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Covered Parking
Surface Parking
Dishwasher
12
$1,450
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Voillintine-Evergreen
5
$659 - 920
2059 N Cabana Cir Memphis, TN
1 - 2 BR | Available Now
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Fitness Center
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Memphis:
April Rent Report

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

Memphis rent prices decreased over the last month. From March to April, 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 March to April, 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.

April Prices: Memphis vs. Surrounding Areas

Germantown, TN
Cordova, TN
Collierville, TN
Horn Lake, MS
Southaven, MS
Memphis, TN
Walls, MS
$1,545
$1,478
$1,397
$1,303
$1,270
$958
$785
$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 4 of the Memphis suburbs increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Cordova, TN, Collierville, TN, Horn Lake, MS, Germantown, TN .

  • Rent decreased in Southaven, MS, Walls, MS.

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

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

April 2024 Pricing Trends: Memphis vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
Memphis, TN
$3,994
$3,038
$2,355
$2,347
$1,893
$1,300
$1,264
$1,145
$958
$0
$1,300
$2,600
$3,900
$5,200
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 April 1 BR M/M % Change 2 BR April 2 BR M/M % Change
Memphis, TN $958.0 -0.10% $1,070.0 -0.37%
Southaven, MS $1,270.0 -2.76% $1,437.0 1.70%
Cordova, TN $1,478.0 0.68% $1,634.0 -0.55%
Collierville, TN $1,397.0 3.02% $1,632.0 0.06%
Horn Lake, MS $1,303.0 1.40% $1,435.0 1.70%
Germantown, TN $1,545.0 0.07% $1,835.0 0.00%
Walls, MS $785.0 -9.98% $1,053.0 -0.38%

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.