Apartments in New Chicago Memphis

1 - 30 of 87 Results
0
$1,195
739 N Avalon St Memphis, TN
2 BR | Available Now
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1
$645 - 775
Memphis, TN
1 - 2 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
$1,025
925 Lewis St Memphis, TN
3 BR | Available Now
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7
$850
Memphis, TN
1 BR | Available Now
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Air Conditioning
5
$2,500
Memphis, TN
2 BR | Available Now
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Air Conditioning
Dishwasher
10
$550
Memphis, TN
1 BR | Nov. 11, 2024
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Cat Friendly
Storage
$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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$1,595
915 N Willett St Memphis, TN
4 BR | Available Now
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10
$1,375
909 N Willett St Memphis, TN
3 BR | Available Now
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Cat Friendly
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Disability Access
Dishwasher
20
$1,495
924 Maury St Memphis, TN
3 BR | Available Now
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Air Conditioning
Dishwasher
Voillintine-Evergreen
16
$800
Memphis, TN
2 BR | Oct. 21, 2024
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Dog Friendly
Cat Friendly
Dishwasher
Voillintine-Evergreen
0
$1,550
Memphis, TN
5 BR | Aug. 1, 2024
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House
7
$1,050
806 N Mcneil St Memphis, TN
2 BR | Available Now
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$750
864 Pearce St Memphis, TN
2 BR | Available Now
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0
$750
Memphis, TN
2 BR | Available Now
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$800
856 Dunlap St Memphis, TN
2 BR | Available Now
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$800
823 Pearce St Memphis, TN
2 BR | Available Now
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Cat Friendly
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10
$1,075
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
11
$835
Memphis, TN
2 BR | Available Now
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Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Storage
0
$800
825 Dunlap Cir Memphis, TN
2 BR | Available Now
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0
$700
802 Dunlap St Memphis, TN
1 BR | Available Now
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0
$700
829 Dunlap Cir Memphis, TN
1 BR | Available Now
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17
$1,350
Memphis, TN
3 BR | Available Now
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Disability Access
Voillintine-Evergreen
15
$1,050
Memphis, TN
2 BR | Available Now
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15
$1,050
Memphis, TN
Studio | Available Now
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15
$1,495
780 Dickinson St Memphis, TN
3 BR | Available Now
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Air Conditioning
Disability Access
Dishwasher
Voillintine-Evergreen
0
$890
1202 1204 Tutwiler Ave Memphis, TN
1 BR | Aug. 10, 2024
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Disability Access
11
$799
1018 N 7th St Memphis, TN
2 BR | Available Now
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Memphis:
July Rent Report

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

$1,200
$900
$600
$300
$0
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
1 BR       2 BR

Memphis Rent Prices Increase From June to July

Memphis rent prices increased over the last month. From June to July, the city experienced a 0.42% increase for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $956.0.

When we take a look at the two-bedroom comparison from June to July, Memphis experienced a 0.47% increase for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,073.0.

July Prices: Memphis vs. Surrounding Areas

Germantown, TN
Cordova, TN
Collierville, TN
Horn Lake, MS
Southaven, MS
Memphis, TN
Millington, TN
$1,570
$1,467
$1,432
$1,351
$1,329
$952
$700
$0
$550
$1,100
$1,650
$2,200
Median 1 BR Rent

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 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 Southaven, MS, Horn Lake, MS, Germantown, TN, Millington, TN .

  • Rent decreased in Cordova, TN, Collierville, TN.

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

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

July 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
$4,189
$3,023
$2,389
$2,340
$1,888
$1,394
$1,253
$1,200
$952
$0
$1,400
$2,800
$4,200
$5,600
Median Rent

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 July 1 BR M/M % Change 2 BR July 2 BR M/M % Change
Memphis, TN $952.0 -0.11% $1,068.0 0.28%
Cordova, TN $1,467.0 -0.54% $1,614.0 -0.25%
Southaven, MS $1,329.0 2.23% $1,431.0 -1.85%
Collierville, TN $1,432.0 -1.24% $1,639.0 0.31%
Horn Lake, MS $1,351.0 1.43% $1,462.0 0.62%
Germantown, TN $1,570.0 0.58% $1,882.0 1.02%
Millington, TN $700.0 4.32% $1,500.0 0.00%

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.