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942 Patterson Cv
(901) 244-4415
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3605 Mynders Ave
(901) 372-5513
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3609 Mynders Ave
(901) 372-5513
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U Of M Area~~
(901) 276-3607
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3571 Midland Ave
(901) 248-4406
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611 Patterson - 611
(901) 725-7766
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3636 Spottswood Ave #16
(901) 276-3607
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635 Patterson #6
(901) 758-5678
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595 Brister St
(901) 372-5513
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3636-3646 Spottswood Ave
(901) 281-4441
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3641 Cowden Ave
(901) 219-3596
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3734 Kearney
(901) 372-5513
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The Stratum On Highland
(901) 324-4088
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Woodtrail Apartments
(901) 281-4441
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3602- 3616 Spottswood
(901) 281-4441
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590 Loeb St
(901) 568-2569
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3659 Kearney Kearney
(901) 644-3744
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Mimosa Gardens
(901) 327-9971
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3615 Kearney Ave
(901) 504-3772
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3742 Poplar Ave
(901) 725-7766
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3635 Carnes Ave
(901) 201-0989
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3566 Carnes
(901) 758-5678
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University Flats
(901) 676-8922 ext: 64
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Kiwi and Goji
(901) 441-9446
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3572 Poplar Ave
(901) 201-0989
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677 Miles
(901) 725-7766
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3540 Marion Ave
(901) 560-7630
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3374 Spottswood Ave
(901) 820-4367
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773 S Prescott St
(901) 244-4415
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3632 Carrington RD
(901) 244-4415
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Apartments Near University of Memphis

1 of 318 Results
8
$1,395
942 Patterson Cv
Memphis, TN
4 BR | Available Now
0.2 miles from center of campus
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
3
$900 - 1,150
3605 Mynders Ave
Memphis, TN
1 - 2 BR | Available Now
0.3 miles from center of campus
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Disability Access
Dishwasher
2
$900
3609 Mynders Ave
Memphis, TN
1 BR | Available Now
0.3 miles from center of campus
Contact
Balcony, Deck, Patio
Dishwasher
1
$850 - 975
U Of M Area~~
592-600 Patterson St Memphis, TN
1 - 2 BR | Available Now
0.3 miles from center of campus
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Surface Parking
Balcony, Deck, Patio
Storage
Disability Access
Dishwasher
0
$1,050 - 1,250
3571 Midland Ave
Memphis, TN
1 - 2 BR | Available Now
0.4 miles from center of campus
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Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Disability Access
Dishwasher
13
$895
611 Patterson - 611
Memphis, TN
2 BR | Ask for Availability
0.4 miles from center of campus
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9
$900
3636 Spottswood Ave #16
Memphis, TN
2 BR | Available Now
0.4 miles from center of campus
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Dog Friendly
House
Surface Parking
Balcony, Deck, Patio
Storage
10
$800
635 Patterson #6
Memphis, TN
1 BR | Apr. 10, 2023
0.4 miles from center of campus
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House
Balcony, Deck, Patio
Storage
Dishwasher
2
$1,150
595 Brister St
Memphis, TN
2 BR | Available Now
0.4 miles from center of campus
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Balcony, Deck, Patio
Disability Access
Dishwasher
9
$850
3636-3646 Spottswood Ave
Memphis, TN
2 BR | Available Now
0.4 miles from center of campus
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Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Storage
Disability Access
12
$1,395
3641 Cowden Ave
Memphis, TN
2 BR | May. 1, 2023
0.4 miles from center of campus
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Dog Friendly
Cat Friendly
Air Conditioning
12
$1,300
3734 Kearney
Memphis, TN
3 BR | Available Now
0.4 miles from center of campus
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Dog Friendly
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House
Balcony, Deck, Patio
Disability Access
13
$559 - 1,139
PER ROOM
& UNIT
The Stratum On Highland
Deal
2.9
510 S Highland St Memphis, TN
Studio - 4 BR | Available Now
0.5 miles from center of campus
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Heat Included
Furnished
Student
Covered Parking
In Unit Laundry
7
$750
Woodtrail Apartments
3602 Spottswood Memphis, TN
2 BR | Available Now
0.5 miles from center of campus
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In Unit Laundry
Balcony, Deck, Patio
Dishwasher
6
$950
3602- 3616 Spottswood
Memphis, TN
2 BR | Available Now
0.5 miles from center of campus
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Dog Friendly
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Balcony, Deck, Patio
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24
$1,725
590 Loeb St
Memphis, TN
4 BR | Available Now
0.5 miles from center of campus
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House
Storage
Dishwasher
47
$1,595
3659 Kearney Kearney
Memphis, TN
2 BR | Available Now
0.5 miles from center of campus
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House
Disability Access
Dishwasher
3
$699
Mimosa Gardens
461 S Highland St Memphis, TN
2 BR | Available Now
0.5 miles from center of campus
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Dog Friendly
Cat Friendly
Storage
13
$2,595
3615 Kearney Ave
Memphis, TN
4 BR | Apr. 1, 2023
0.5 miles from center of campus
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Dog Friendly
Cat Friendly
House
Balcony, Deck, Patio
Dishwasher
47
$2,500
3742 Poplar Ave
Memphis, TN
4 BR | Available Now
0.5 miles from center of campus
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Dog Friendly
Cat Friendly
House
Dishwasher
0
$1,245
3635 Carnes Ave
Memphis, TN
2 BR | Ask for Availability
0.6 miles from center of campus
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14
$1,495
3566 Carnes
Memphis, TN
3 BR | Available Now
0.6 miles from center of campus
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Dog Friendly
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House
Storage
Dishwasher
0
$1,000
University Flats
3459 Southern Ave Ofc Memphis, TN
2 BR | Available Now
0.6 miles from center of campus
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Dog Friendly
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Balcony, Deck, Patio
Dishwasher
21
$1,350 - 1,800
Kiwi and Goji
Deal
197 Windover Road #9 Memphis, TN
1 - 3 BR | Available Now
0.7 miles from center of campus
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Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Dishwasher
1
$1,595
3572 Poplar Ave
Memphis, TN
3 BR | Ask for Availability
0.7 miles from center of campus
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15
$1,100
677 Miles
Memphis, TN
2 BR | Available Now
0.7 miles from center of campus
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House
Balcony, Deck, Patio
Storage
Disability Access
Dishwasher
11
$1,375
3540 Marion Ave
Memphis, TN
4 BR | Available Now
0.8 miles from center of campus
Contact
House
Balcony, Deck, Patio
Dishwasher
15
$825
3374 Spottswood Ave
Memphis, TN
2 BR | Available Now
0.8 miles from center of campus
Contact
Dog Friendly
Cat Friendly
House
Balcony, Deck, Patio
Dishwasher
7
$1,250
773 S Prescott St
Memphis, TN
3 BR | Apr. 1, 2023
0.8 miles from center of campus
Contact
Dog Friendly
Cat Friendly
House
10
$1,375
3632 Carrington RD
Memphis, TN
4 BR | Available Now
0.9 miles from center of campus
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Dog Friendly
Cat Friendly
House
Air Conditioning
1 - 30 of 318 Results
  1. Home
  2. Memphis
  3. University of Memphis

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

Memphis Apartments
Bed Type Average Rent Range
Studio $1,030 $670 - $1,420
1BR $950 $550 - $1,640
2BR $1,100 $630 - $1,840
3BR $1,300 $780 - $2,330
4+BR $1,560 $650 - $4,000
Frequently Asked Questions

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

Rentable.co has over 17,377 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 $1,030 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 $950 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 $1,100 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 $41,000 to live comfortably.

University of Memphis

Memphis is a great city to live in with lots of great apartments near University of Memphis to choose from. But when you're searching for a new rental it can difficult to sift through all of the listings on the web or walk the streets to find places in the area that you're looking for.

That's exactly why Rentable exists. We gather listings from all over the web and we add new properties every day. And we do all this just so we can make sure that you've got the freshest list of University of Memphis apartments to choose from!

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Memphis:
March Rent Report

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

Memphis rent prices increased over the last month. From February to March, the city experienced a 0.93% increase for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $977.0.

When we take a look at the two-bedroom comparison from February to March, Memphis experienced a -1.28% decrease for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,154.0.

March 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 0 of the Memphis suburbs increased last month. On the other hand, 7 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Memphis suburbs

  • Rent decreased in Cordova, TN, Southaven, MS, Collierville, TN, Walls, MS, Horn Lake, MS, Germantown, TN, Millington, TN.

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

  • 2 suburbs are currently priced lower than the city of Memphis.

March 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 March 1 BR M/M % Change 2 BR March 2 BR M/M % Change
Memphis, TN $968.0 -0.10% $1,169.0 0.00%
Cordova, TN $1,435.0 -0.76% $1,567.0 0.13%
Southaven, MS $1,395.0 -7.25% $1,500.0 0.40%
Collierville, TN $1,406.0 -1.61% $1,661.0 -0.06%
Walls, MS $954.0 0.00% $1,093.0 0.18%
Horn Lake, MS $1,328.0 -0.60% $1,393.0 -2.18%
Germantown, TN $1,499.0 0.00% $1,829.0 -0.27%
Millington, TN $700.0 0.00% $1,600.0 6.81%

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.