Memphis offers an appealing combination of musical history and modern living, all at prices that won't break the bank. With one-bedroom apartments averaging around $1,028, you'll find plenty of room in your budget to explore everything from Graceland to the legendary studios where rock and roll was born.
Searching for apartments for rent in Memphis means choosing from neighborhoods as diverse as the city's musical roots. Midtown puts you near the green spaces of Overton Park and the Memphis Zoo, while Cooper-Young brings you right into the heart of the local dining and nightlife scene. Getting around is a breeze with well-connected highways, and you're always just a short drive from Downtown's can't-miss spots like Beale Street and the National Civil Rights Museum.
Memphis delivers solid career opportunities too, with major employers like FedEx and St. Jude Children's Research Hospital calling the city home. Add in the University of Memphis campus, and you've got apartment communities throughout the city that put you close to work, school, and those famous Memphis barbecue joints and music venues that keep the city's cultural spirit alive every night of the week.
Data provided by GreatSchools.org 2025 © 2025. All rights reserved.
The average rent in Memphis, TN is $1,044.
The average rent for a studio apartment in Memphis, TN is $951.
The average rent for a 1 bedroom apartment in Memphis, TN is $1,044.
The average rent for a 2 bedroom apartment in Memphis, TN is $1,087.
The average rent for a 3 bedroom apartment in Memphis, TN is $1,294.
The average rent for a 4 bedroom apartment in Memphis, TN is $1,297.
Submitting Request
Apartment Finder utilizes the industry's largest and most complete database of real-time rents and availabilities to help you find an amazing deal on your next rental.
Apartment communities change their rental rates often - sometimes multiple times a day. We track the changes and keep you up to date when a rental rate decreases.
"Best value" units are located in buildings rated three stars or higher. We label apartment rentals that are priced significantly less than similar high-quality units nearby.
Apartment communities regularly advertise deals for new residents. Whether it's a move-in special or a free tv, we locate the rentals that offer a little something extra when you sign your lease.
Note: Based on community-supplied data and independent market research. Subject to change without notice.