Average Rent Reports by City > Memphis, TN
Memphis Rental Market Overview – Q1 2025
Rentometer, Inc. | Data as of 03/31/2025
Curious about how much rent goes for in Memphis, TN? Whether you’re eyeing a 1-bedroom apartment in Windyke or managing a 4-bedroom house in Countrywood, Rentometer has you covered with the latest average rent data across every property type and neighborhood.
This report covers average rent prices for apartments and single-family homes in Memphis, broken down by bedroom count and neighborhood. All estimates are powered by Rentometer, the leading source for hyperlocal rental data and comps.
Memphis Rent by Property Type & Bedroom Count
| Property Type | Bedrooms | Avg Rent (Q1 2025) |
|---|---|---|
| Apartment | 1 Bedroom | $1,106 |
| Apartment | 2 Bedroom | $1,264 |
| House | 2 Bedroom | $1,221 |
| House | 3 Bedroom | $1,568 |
| House | 4 Bedroom | $1,895 |
Average Rent by Memphis Neighborhood
| Neighborhood | Property Type | Avg Rent (Q1 2025) |
|---|---|---|
| Hickory Hill | Apartment | $1,053 |
| Windyke | Apartment | $1,516 |
| Hickory Hill | House | $1,629 |
| Countrywood | House | $2,083 |
| Gray's Creek | House | $1,922 |
| North Parkway Village | House | $1,318 |
Explore Rent Estimates for Any Memphis Property
Looking for a rent estimate tailored to a specific property? Rentometer offers fast, reliable rental data for every property type across every Memphis neighborhood and ZIP code.
Whether you’re pricing a 2-bedroom apartment in Windyke or evaluating a 4-bedroom house in Gray's Creek, Rentometer delivers the accurate rental comps and insights you need.
Data provided by Rentometer, Inc.