New Townhomes 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 for a townhome increased in Oct 2026 compared to the previous month. Rent for townhomes peaked in Apr 2025.
| Month | Average rent |
|---|---|
| Nov 2025 | $995 |
| Dec 2025 | $1,000 |
| Jan 2026 | $1,000 |
| Feb 2026 | $995 |
| Mar 2026 | $1,070 |
| Apr 2026 | $925 |
| May 2026 | $1,150 |
| Jun 2026 | $1,118 |
| Jul 2026 | $1,000 |
| Aug 2026 | $1,250 |
| Sep 2026 | $1,200 |
| Oct 2026 | $1,250 |
Average Rent By Bedroom and Home Type
In October 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 | $895 | $975 | $1,350 | $1,550 | $1,250 |
| Townhomes | $950 | $1,000 | $1,500 | $1,450 | $1,250 |
| Apartments and Condos | $875 | $895 | $1,400 | $1,795 | $950 |
| Houses | $750 | $995 | $1,350 | $1,550 | $1,350 |
Frequently Asked Questions about Townhomes for rent in Memphis, TN
- What is the average rent of a townhome in Memphis, TN?The average rent of a townhome in Memphis, TN is $1,250 per month. This is about 36% lower than the national average.
- When is the average rent for a townhome cheapest in Memphis, TN?In the last year, the average rent in Memphis, TN was lowest in Nov 2025 when it was $995 per month.
- When is the average rent for a townhome most expensive in Memphis, TN?In the last year, the average rent in Memphis, TN was highest in Apr 2025 when it was $1,200 per month.
- How does the rent of a 3 bedroom townhome compare to a 2 bedroom townhome in Memphis, TN?The average rent of a 3 bedroom townhome in Memphis, TN is $1,500 per month. That is about $500 more than the cost of a 2 bedroom townhome.
- How many townhomes are available to rent in Memphis, TN?There are 85 available townhomes 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: Colonial-Yorkshire, Colonial-Yorkshire, Coro Lake, 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, Germantown, West Memphis, Horn Lake, Cordova. These cities may have more rental options to explore.
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