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University Place Apartments
(901) 295-6734
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Legends Park Apartments
(901) 295-3238
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The Coves At Yale
(901) 386-3538
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Island Park And Harbor Town Square
(901) 523-7900
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Mill Creek Apartments
(901) 345-9100
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Mimosa Gardens
(901) 327-9971
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Townhomes for Rent in Memphis, TN

1 of 6 Results
34
$1,169 - 1,865
University Place Apartments
Deal
3.3
1045 East Eh Crump Blvd Memphis, TN
1 - 3 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
15
$1,298 - 2,387
Legends Park Apartments
2.8
198 N Pauline St Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
In Unit Laundry
Balcony, Deck, Patio
Fitness Center
8
$575
The Coves At Yale
2.0
5022 Yale Rd Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Balcony, Deck, Patio
Dishwasher
12
$1,020 - 1,510
Island Park And Harbor Town Square
1440 Island Park Drive Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
In Unit Laundry
Balcony, Deck, Patio
5
$439 - 799
Mill Creek Apartments
2.7
Millbranch Dr Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Pool
3
$699
Mimosa Gardens
461 S Highland St Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
1 - 6 of 6 Results
  1. Home
  2. Memphis
  3. Townhomes For Rent

How much does it cost to rent a townhomes in Memphis?

townhomes
Bed Type Average Rent Range
1BR $1,170 $460 - $1,320
2BR $1,340 $610 - $1,840
3BR $1,760 $800 - $2,070
Memphis Apartments
Bed Type Average Rent Range
Studio $1,100 $690 - $2,020
1BR $1,000 $560 - $1,670
2BR $1,140 $640 - $1,800
3BR $1,250 $730 - $2,300
4+BR $1,570 $660 - $2,840
Memphis Townhomes For Rent vs. Memphis Average
Frequently Asked Questions

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

Rentable.co has over 18,014 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 $1,100 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 $1,140 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 $44,000 to live comfortably.

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

Rentable.co has 6 townhomes available for rent in Memphis.

What is the average rent for a townhomes in Memphis, TN?

The average rent for a townhomes in Memphis is around $1,320 per month.

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.