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The Villas at Germantown
(844) 451-2336
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King's Reserve Memphis - 55+ Senior
(662) 863-3101
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Metro67
(901) 459-3578
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Memphis - Poplar Avenue
(501) 300-7158
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Memphis - Quail Hollow
(662) 442-4917
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Memphis - Mt. Moriah
(662) 509-4802
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Memphis - Apple Tree
(662) 685-6252
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Memphis - Cordova
(731) 937-3224
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Memphis - Airport
(662) 509-4404
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Memphis - Wolfchase Galleria
(662) 509-4662
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The Lofts At Union Alley
(901) 459-3586
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The W. L. Apartments
(901) 459-3593
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The Chisca On Main
(901) 459-3576
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The Gilmore
(901) 726-5575
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South Line
(901) 486-1595
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1996 Argosy Dr
(901) 244-4415
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1298 Carr Ave
(901) 281-4441
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Studio Apartments in Memphis, TN

1 of 17 Results
36
$1,250 - 1,850
The Villas at Germantown
Deal
5.0
3750 Moraine St Memphis, TN
Studio | Available Now
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Dog Friendly
Cat Friendly
12
$950 - 1,025
King's Reserve Memphis - 55+ Senior
1550 N Pkwy Memphis, TN
Studio | Available Now
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Dog Friendly
Cat Friendly
Senior Community
Air Conditioning
Balcony, Deck, Patio
66
3D Tour
$1,492 - 3,035
Metro67
4.1
67 Madison Ave. Memphis, TN
Studio | Jun. 11, 2023
Contact
Dog Friendly
Cat Friendly
Student
Virtual Tour
Air Conditioning
49
$2,040
Memphis - Poplar Avenue
6500 Poplar Ave Memphis, TN
Studio | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
42
$2,040
Memphis - Quail Hollow
6325 Quail Holw Memphis, TN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
41
$1,410
Memphis - Mt. Moriah
6520 Mt Moriah Rd Memphis, TN
Studio | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
34
$1,350
Memphis - Apple Tree
6085 Apple Tree Dr Memphis, TN
Studio | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
37
$1,500
Memphis - Cordova
8110 Cordova Centre Dr Memphis, TN
Studio | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
44
$1,890
Memphis - Airport
2541 Corporate Ave Memphis, TN
Studio | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
48
$2,370
Memphis - Wolfchase Galleria
2520 Horizon Lake Dr Memphis, TN
Studio | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
8
$775 - 975
The Lofts At Union Alley
5.0
110 Barboro Alley Memphis, TN
Studio | Ask for Availability
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Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Den
11
$925
The W. L. Apartments
5.0
267 South Main St Memphis, TN
Studio | Ask for Availability
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Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Dishwasher
13
Call for Pricing
The Chisca On Main
Deal
4.6
272 S. Main St Memphis, TN
Studio | Ask for Availability
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Furnished
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
15
$525 - 665
The Gilmore
3.9
6 South Mclean Blvd Memphis, TN
Studio | Ask for Availability
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Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
13
3D Tour
$885
South Line
4.5
676 S Front St Memphis, TN
Studio | Available Now
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Dog Friendly
Cat Friendly
Virtual Tour
In Unit Laundry
Balcony, Deck, Patio
3
$1,350
1996 Argosy Dr
Memphis, TN
Studio | Jul. 20, 2023
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Dog Friendly
Cat Friendly
6
$750
1298 Carr Ave
Memphis, TN
Studio | Available Now
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Balcony, Deck, Patio
Disability Access
Dishwasher
1 - 17 of 17 Results
  1. Home
  2. Memphis
  3. Studio Apartments

How much does it cost to rent an apartment in Memphis?

Memphis Apartments
Bed Type Average Rent Range
Studio $1,080 $690 - $2,020
1BR $1,000 $550 - $1,700
2BR $1,150 $630 - $1,790
3BR $1,250 $750 - $2,350
4+BR $1,480 $650 - $2,850
Frequently Asked Questions

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

Rentable.co has over 17,932 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 $1,000 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.

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

Rentable.co has 17 studio apartments available for rent in Memphis.

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

  1. Cooper-Young
  2. Central Gardens

Asset 2
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Apartments Under $700
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Memphis:
May Rent Report

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

Memphis rent prices increased over the last month. From April to May, the city experienced a 1.43% increase for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $996.0.

When we take a look at the two-bedroom comparison from April to May, Memphis experienced a -0.62% decrease for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,129.0.

May 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, Walls, MS .

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

May 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 May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
Memphis, TN $982.0 0.51% $1,136.0 -1.56%
Cordova, TN $1,439.0 1.98% $1,583.0 0.89%
Southaven, MS $1,393.0 2.65% $1,474.0 -0.47%
Collierville, TN $1,382.0 -0.43% $1,663.0 0.36%
Horn Lake, MS $1,307.0 -1.28% $1,369.0 0.00%
Walls, MS $985.0 4.12% $1,201.0 5.35%
Germantown, TN $1,499.0 0.00% $1,830.0 0.06%

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.