Cheap Houses for Rent in Memphis, TN
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Average Rent Trends in Memphis, TN
Rent in Memphis, TN varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Jul 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,450 |
| Jul 2025 | $1,475 |
| Aug 2025 | $1,450 |
| Sep 2025 | $1,415 |
| Oct 2025 | $1,395 |
| Nov 2025 | $1,350 |
| Dec 2025 | $1,350 |
| Jan 2026 | $1,335 |
| Feb 2026 | $1,345 |
| Mar 2026 | $1,350 |
| Apr 2026 | $1,376 |
| May 2026 | $1,375 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $875 | $995 | $1,350 | $1,595 | $1,250 |
| Townhomes | $650 | $1,000 | $1,350 | $1,050 | $1,100 |
| Apartments and Condos | $850 | $907 | $1,395 | $1,500 | $902 |
| Houses | $750 | $995 | $1,350 | $1,595 | $1,390 |
Frequently Asked Questions about Houses for rent in Memphis, TN
- What is the average rent of a house in Memphis, TN?The average rent of a house in Memphis, TN is $1,390 per month. This is about 28% lower than the national average.
- When is the average rent cheapest in Memphis, TN?In the last year, the average rent in Memphis, TN was lowest in Nov 2025 when it was $1,350 per month.
- When is the average rent most expensive in Memphis, TN?In the last year, the average rent in Memphis, TN was highest in Jul 2025 when it was $1,475 per month.
- How many houses are available to rent in Memphis, TN?There are 2,006 available houses to rent in Memphis, TN.
- What colleges and universities are in Memphis, TN?Colleges and universities in Memphis, TN include: University of Memphis.
- What are some neighborhoods in Memphis, TN?Some neighborhoods in Memphis, TN include: East Memphis-Colonial-Yorkshire, White Haven-Coro Lake, Hickory Ridge-South Riverdale, Midtown, Raleigh.
- What are some zip codes in Memphis, TN?
- What are some cities near Memphis, TN?Some nearby cities include: Southaven, West Memphis, Horn Lake, Germantown, Bartlett. These cities may have more rental options to explore.