8,122

Memphis, TN Homes for Rent

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    Starting at $1,420 Per Month

    • 1 - 2 Beds

    9 E Carolina Ave, Memphis, TN 38103

    Built on repurposed railroad land using energy efficient construction and open-air design, South Junction means lower-cost, lower-impact living. Our garden-style apartments are perfectly situated within walking distance to Big River Crossing, the Farmer’s Market, Tom Lee Park, and all the shops and restaurants in the South Main Arts District.

    South Junction Apartments

    (901) 763-6747

    9 E Carolina Ave, Memphis, TN 38103
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    $795 Per Month

    • 1 Bed
    • 1 Bath
    • 6,594 Sq Ft
    • Apartment for Rent

    128 Stonewall St Unit 1, Memphis, TN 38104

    Nestled within the storied embrace of the Evergreen Historic District, this first-floor one-bedroom, one-bathroom apartment shines as a radiant jewel! Beyond its threshold lies a realm of opulence, with coveted amenities including off-street parking, capacious closets, and resplendent refinished hardwood floors. The grandeur of lofty ceilings envelops each room, while a separate dining enclave

    Agent Photo

    Jo Mathes

    Pinnacle Realty

    (901) 716-8995

    128 Stonewall St Unit 1, Memphis, TN 38104
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    Starting at $935 Per Month

    • 1 - 2 Beds

    6520 Macon Rd, Memphis, TN 38134

    Canterbury Woods is a conveniently located Apartment Community in Memphis, TN. We offer spacious 1 & 2 bedroom floor plans and amenities to fit every need! You will come home to our state of the art indoor/outdoor swimming pool and hot tub, which is available to you all year! In addition our newly renovated fitness center is available 24/7, or enjoy a game of tennis or Sand Volleyball on one of

    Canterbury Woods Apartments

    (901) 403-6344

    6520 Macon Rd, Memphis, TN 38134
  • /11

    $1,800 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,478 Sq Ft
    • House for Rent

    3610 Kearney Ave, Memphis, TN 38111

    Now available for rent, this well-maintained home offers a comfortable and functional layout designed for everyday living. The property features spacious living areas, nicely sized bedrooms, and a large backyard perfect for relaxing or enjoying outdoor activities. Conveniently located near schools, shopping, dining, and major roadways, residents will appreciate the easy access to everyday

    Agent Photo

    Leaser Coleman

    Empire Realty, LLC

    (901) 582-8596

    3610 Kearney Ave, Memphis, TN 38111
  • /22

    Starting at $1,155 Per Month

    • 1 - 3 Beds

    7819 Crescent Ridge Cove, Memphis, TN 38133

    Crescent at Wolfchase offers spacious one-, two-, and three-bedroom apartments, some with renovated interiors. A breakfast bar and pantry make the kitchen perfect for entertaining, and you'll love the convenience of an in-home washer and dryer, along with the comfort of central air conditioning and ceiling fans. With a private patio or balcony, you can venture outside, and head to our 1 Month

    Crescent at Wolfchase Apartment Homes

    (901) 499-2714

    7819 Crescent Ridge Cove, Memphis, TN 38133
  • /18

    $1,800 Per Month

    • 3 Beds
    • 2.5 Baths
    • 1,723 Sq Ft
    • House for Rent

    9155 Karen Mill Ln, Cordova, TN 38016

    This stunning home features 3 spacious bedrooms and 2.5 luxurious baths. It boasts elegant arched openings and a master bath with a whirlpool tub and separate shower for a spa-like experience. The open kitchen, complete with an island, is perfect for both cooking and entertaining. The fenced backyard offers privacy and outdoor enjoyment. With high ceilings and an open design extending to the

    Agent Photo

    Jo Mathes

    Pinnacle Realty

    (901) 675-0653

    9155 Karen Mill Ln, Cordova, TN 38016
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    Starting at $1,030 Per Month

    • 1 - 3 Beds

    1544 Madison Ave, Memphis, TN 38104

    Madison Midtown Apartments offers many amenities for our residents to take advantage of. Stay active at our state-of-the-art fitness center, take a dip in our resort-style swimming pool, or relax in our resident lounge. For your convenience, we also offer parcel pick-up, bike storage, off-street parking, an outdoor grilling area, and on-site management and maintenance teams.

    Madison Midtown

    (901) 350-6679

    1544 Madison Ave, Memphis, TN 38104
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    $2,395 Per Month

    • 3 Beds
    • 2.5 Baths
    • 2,373 Sq Ft
    • House for Rent

    7801 Autumn Creek Dr, Cordova, TN 38018

    Flexible Leases (12–24 months) | Same-Day Online Approval | Zero Deposit Required for Approved Applicants Through Obligo Beautifully Updated 4-Bed, 2.5-Bath Home in Hunters Hollow! Island kitchen with double ovens opens to a spacious great room with fireplace, plus a den with built-ins for office or play. Primary suite features double vanity, tub & separate shower. Huge fenced corner lot backyard

    Agent Photo

    Jo Mathes

    Pinnacle Realty

    (901) 593-5523

    7801 Autumn Creek Dr, Cordova, TN 38018
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    Starting at $920 Per Month

    • 1 - 2 Beds

    6787 S Landing Way, Memphis, TN 38115

    The Landings Apartments offer luxurious one and two bedroom apartments. Professionally landscaped friendly environment with amazing features including dishwashers, washers and dryers, fireplaces*, a fitness center, sparkling swimming pool,tennis court and more. Located just 20 minutes to downtown Memphis, with easy access to Connah Parkway, shopping centers, restaurants and movie theaters! The

    Landings At Winchester

    (901) 640-3307

    6787 S Landing Way, Memphis, TN 38115
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    $1,325 Per Month

    • 4 Beds
    • 2 Baths
    • 1,100 Sq Ft
    • House for Rent

    1448 Menager Rd, Memphis, TN 38106

    This home has been renovated and has lots of space. New HVAC, hot water heater, new plumbing lines, drains repaired, fenced back yard, this property is great for a family or investor. Half off second month's rent and tenant's choice of a 55 inch flat screen TV or refrigerator!!!

    Agent Photo

    Leaser Coleman

    Empire Realty, LLC

    (901) 446-1413

    1448 Menager Rd, Memphis, TN 38106
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    Starting at $999 Per Month

    • Studio - 2 Beds

    775 Melrose St, Memphis, TN 38104

    The Melrose Midtown won the award for Best Apartment Community in Memphis four years running! Gorgeous, renovated apartments, excellent location, amenities, and safe. You CAN afford to live here. Our studio starts at $1,099, and our one-bedroom options start at $1,299. We are walking and/or easy biking distance to the Medical District and a short drive to the universities and most major

    The Melrose Midtown

    (901) 441-4973

    775 Melrose St, Memphis, TN 38104
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    $1,625 Per Month

    • 3 Beds
    • 2 Baths
    • 1,191 Sq Ft
    • House for Rent

    9274 Charly Hill Ln, Cordova, TN 38016

    Welcome to this beautifully maintained 3-bedroom, 2-bathroom home nestled in a quiet, family-friendly community just minutes from US Highway 64. Step inside to a bright and inviting layout featuring an eat-in kitchen ideal for casual meals or entertaining. The open living area flows seamlessly, providing a warm and welcoming atmosphere. Enjoy the outdoors in the spacious backyard. The double car

    Agent Photo

    Jo Mathes

    Pinnacle Realty

    (901) 446-4373

    9274 Charly Hill Ln, Cordova, TN 38016
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    Starting at $1,289 Per Month

    • 1 - 3 Beds

    3333 Hacks Cross Rd, Memphis, TN 38125

    An apartment community with 8 phases reflecting the charm of an English country village. Colorful exteriors of soft sun-washed stucco, handsome brick and crisp trim compliment an apartment lifestyle filled with vigor and style. Great location at the edge of Germantown Right across from Southwind and Fed Ex World Headquarters with easy access to Nonconnah Parkway and all areas of Memphis.

    Fieldstone

    (901) 295-0804

    3333 Hacks Cross Rd, Memphis, TN 38125
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    $1,750 Per Month

    • 3 Beds
    • 4 Baths
    • 1,376 Sq Ft
    • House for Rent

    5457 Sundale Way S, Memphis, TN 38135

    Beautiful and well-maintained 3-bedroom, 2-bath home located in a desirable area of Bartlett. This property features a spacious split-bedroom floor plan with all bedrooms on one level, a luxury primary suite with a whirlpool tub and separate shower, and a bright eat-in kitchen with breakfast bar and pantry. Enjoy a comfortable living space with a cozy fireplace, a mix of hardwood and carpet

    Agent Photo

    Jo Mathes

    Pinnacle Realty

    (901) 506-8789

    5457 Sundale Way S, Memphis, TN 38135
  • /22

    Starting at $1,212 Per Month

    • 1 - 2 Beds

    7542 Legacy Dr, Memphis, TN 38119

    Experience comfortable, easy living at The Wyndham Apartments, ideally located at 7542 Legacy Drive in sought-after East Memphis. This welcoming community offers thoughtfully designed apartment homes with spacious layouts, inviting interiors, and private attached garages included with every unit—bringing added convenience and a true home-like feel.Residents enjoy serene surroundings with

    The Wyndham Apartments

    (901) 446-3626

    7542 Legacy Dr, Memphis, TN 38119
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    $775 Per Month

    • 1 Bed
    • 1 Bath
    • 6,594 Sq Ft
    • Apartment for Rent

    128 Stonewall St Unit 8, Memphis, TN 38104

    This apartment is an absolute gem! It has off-street parking, large closets, refinished hardwood floors, high ceilings, and a separate dining room. This second floor unit has 2 window units that keeps the apartment cool and a wall furnace that makes the apartment toasty. Requirements: Credit score 600 or higher Employment one year or longer Income 3 times rent amount No Bankruptcy, evictions, or

    Agent Photo

    Jo Mathes

    Pinnacle Realty

    (901) 445-9307

    128 Stonewall St Unit 8, Memphis, TN 38104
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    Starting at $999 Per Month

    • Studio - 2 Beds

    5811 Poplar Ave, Memphis, TN 38119

    At 240 Flats, we offer a wealth of community amenities to pair with your life style. From a sparkling, resort-style swimming pool to a fully equipped fitness center and yoga room, availiable any time of day, you'll love living at 240 Flats! For your convenience, we have a knowledgeable and friendly on-site management staff and a capable maintenance team who work in tandem to help you with your

    240 Flats

    (901) 546-4988

    5811 Poplar Ave, Memphis, TN 38119
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    $2,850 Per Month

    • 4 Beds
    • 2.5 Baths
    • 1,657 Sq Ft
    • House for Rent

    1855 Oliver Ave, Memphis, TN 38114

    You don't want to miss this Bungalow styled gem in Cooper Young. Located in the heart of Memphis, this home is completely renovated. Home can be rented fully furnished. Bathrooms feature rain can shower heads. Primary bedroom feature three rain can shower heads and walk in closet. Did we mention the 4th bedroom/Bonus room located on second level, length of home. Deposit of $3000

    Agent Photo

    Reginald Harris

    Harris Realty Services

    (901) 883-6826

    1855 Oliver Ave, Memphis, TN 38114
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    Starting at $1,400

    Total Monthly Price

    • 1 Bed

    440 Monroe Ave, Memphis, TN 38103

    The Urban Loft Co. in Memphis, located at 440 Monroe Ave, offers a vibrant and modern urban living experience, NOW LEASING. This new community features fully furnished lofts designed for convenience and comfort, with utilities and high-speed internet included from day one. Our residences boast upscale design elements such as high ceilings, custom cabinetry, expansive windows, and wood-style

    Urban Loft Co. Memphis- Utilties Included

    (901) 979-7134

    440 Monroe Ave, Memphis, TN 38103
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    $1,395 Per Month

    • 3 Beds
    • 1 Bath
    • 1,250 Sq Ft
    • House for Rent

    961 N Perkins Rd, Memphis, TN 38122

    Flexible Leases (12–24 months) | Same-Day Online Approval | Second Chance & Section 8 Accepted | Zero Deposit Required for Approved Applicants Through Obligo Beautifully updated 3-bedroom, 1-bath home with new tiles, brand new bathroom, laundry area, expansive backyard, and covered carport. Quiet neighborhood ready for you! Unit amenities Air conditioner, Carport, Heat, Laundry hookup, Pet

    Agent Photo

    Jo Mathes

    Pinnacle Realty

    (901) 899-6512

    961 N Perkins Rd, Memphis, TN 38122
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    Starting at $1,183 Per Month

    • 1 - 3 Beds

    1505 Dexter Lake Dr, Cordova, TN 38016

    MAA Dexter Lake now offers more times for touring so you can tour when it's convenient for you.We have a tour to fit your needs- virtual, self-guided, or agent-guided. Find your next home at MAA Dexter Lake in Cordova, TN. Our one-, two-, and three-bedroom apartment homes include stainless steel appliances, Jacuzzi tubs, and oversize closets. Take a community paddle or fishing boat out on our

    MAA Dexter Lake

    (901) 245-5036

    1505 Dexter Lake Dr, Cordova, TN 38016
  • /8

    $1,100 Per Month

    • 2 Beds
    • 1 Bath
    • 1,000 Sq Ft
    • House for Rent

    1075 Kney St, Memphis, TN 38107

    This is a perfect starter home / investment property. Home has been renovated. 3 bedrooms/1 bath. 1/2 off second month's rent!!!

    Agent Photo

    Leaser Coleman

    Empire Realty, LLC

    (901) 669-4407

    1075 Kney St, Memphis, TN 38107
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    Starting at $1,403

    Total Monthly Price

    • 1 - 2 Beds

    694 Madison Ave, Memphis, TN 38103

    Orleans Station’s brand-new Brownstone-style apartments celebrate the historic architecture of neighboring Victorian Village and UTHSC. Walk to class, bike to work, or take your laptop to French Truck Coffee for a remote work/study session. Enjoy food trucks in Health Sciences Park, a street fair in The Edge, or a trip to the Big River Crossing. This is where you want to be. In the middle of it

    Orleans Station

    (901) 295-0061

    694 Madison Ave, Memphis, TN 38103
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    $1,350 Per Month

    • 3 Beds
    • 2 Baths
    • 1,110 Sq Ft
    • House for Rent

    945 Nora Rd, Memphis, TN 38109

    This home has been completed renovated, home has three bedrooms and two full bathrooms. Fully equipped kitchen area with brand new stove, refrigerator, dishwasher along with central air and heat. Home also has washer and dryer hook ups. Free 55 inch flat screen TV with signed lease!

    Agent Photo

    Leaser Coleman

    Empire Realty, LLC

    (901) 669-4321

    945 Nora Rd, Memphis, TN 38109
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    Starting at $825 Per Month

    • 1 - 4 Beds

    3896 Chippewa Rd, Memphis, TN 38118

    Set amidst 30 tranquil acres in Southeast Memphis, our gated community offers a serene escape with mature trees, vibrant seasonal blooms, and a peaceful atmosphere perfect for today's busy professionals. Indulge in spacious one-, two-, three-, and four-bedroom apartments showcasing modern designs, elegant finishes, and a host of desirable amenities.

    Azure Place Apartments

    (901) 350-6634

    3896 Chippewa Rd, Memphis, TN 38118
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    $1,100 Per Month

    • 3 Beds
    • 2 Baths
    • 1,074 Sq Ft
    • House for Rent

    2295 Dexter Ave, Memphis, TN 38108

    This home has been completely renovated. Spacious 3 bedrooms/2 full bathrooms. large laundry room/dining room. Section 8 welcomed! 55 inch flat screen TV with new lease signing.

    Agent Photo

    Leaser Coleman

    Empire Realty, LLC

    (901) 256-3309

    2295 Dexter Ave, Memphis, TN 38108
  • /34

    Starting at $912 Per Month

    • 1 - 3 Beds

    555 Wood Arbor Pkwy, Cordova, TN 38018

    "Welcome home to The Willows at Shelby Farms located in Cordova, TN! At The Willows at Shelby Farms, we proudly offer beautiful one, two, and three bedroom apartments. Each of our stylish and comfortable homes feature fully-equipped kitchens, generous closet space, and an open design, creating the ideal space for both relaxing and entertaining.Take advantage of our premier amenities, including a

    The Willows at Shelby Farms

    (901) 446-3004

    555 Wood Arbor Pkwy, Cordova, TN 38018
  • /9

    $1,200 Per Month

    • 3 Beds
    • 2 Baths
    • 1,008 Sq Ft
    • House for Rent

    1541 Patton St, Memphis, TN 38106

    This home has been renovated and is move in ready! This would make a nice first time buyer home or investment property. Half off second month's rent and tenants choice of 55 inch flat screen TV or Refrigerator!!!

    Agent Photo

    Leaser Coleman

    Empire Realty, LLC

    (901) 499-3167

    1541 Patton St, Memphis, TN 38106
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    Starting at $1,005 Per Month

    • 1 - 3 Beds

    645 N Front St, Memphis, TN 38107

    Feel the pulse of the city from Harbor Side at Conwood Flats, where every detail is crafted to amplify your urban experience. Picture sun-drenched mornings on our rooftop terrace, the river's mist dancing across the skyline as you sip freshly brewed coffee. Below, an expansive fitness studio awaits—cardio machines line the windows, free weights gleam under modern lighting, and stretching areas

    Harbor Side at Conwood Flats Apartments

    (901) 371-4690

    645 N Front St, Memphis, TN 38107
  • /13

    $1,800 Per Month

    • 4 Beds
    • 2 Baths
    • 1,501 Sq Ft
    • House for Rent

    3760 Kearney Ave, Memphis, TN 38111

    Conveniently located near the University of Memphis, this spacious 4-bedroom, 2-bath rental offers the perfect blend of charm and functionality. Features include hardwood floors throughout, beautiful arched doorways, and plenty of character you won't find in newer homes. The huge, fully fenced backyard provides ample outdoor space for entertaining or relaxing. Close to campus, dining, shopping,

    Agent Photo

    Leaser Coleman

    Empire Realty, LLC

    (901) 445-8376

    3760 Kearney Ave, Memphis, TN 38111
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    Starting at $906 Per Month

    • Studio - 2 Beds

    810 Washington Ave, Memphis, TN 38105

    Brick-lined sidewalks, rooftop sunsets, and the pulse of downtown just outside your door—Iris Luxury Apartments places you in the heart of the city with views worth waking up to. These luxury apartments in Memphis, TN are designed for momentum and comfort, with granite countertops, tile backsplashes, and sleek finishes that make your space feel like your own. You can also lounge poolside on the

    Iris Luxury Apartments

    (901) 390-9285

    810 Washington Ave, Memphis, TN 38105
  • /13

    $1,690 Per Month

    • 3 Beds
    • 2 Baths
    • 1,300 Sq Ft
    • House for Rent

    2819 Hidden Creek Cove, Memphis, TN 38134

    GREAT HOME IN EXCELLENT CONDITION; QUIET COVE-WOODED LOT,GREAT FOR SHADE GARDEN, GARDNER'S DREAM. LOVELY DECOR, GREAT ROOM WITH FIREPLACE. EAT-IN KITCHEN. W/BAR

    Agent Photo

    Jo Mathes

    Pinnacle Realty

    (901) 675-7670

    2819 Hidden Creek Cove, Memphis, TN 38134
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    Starting at $1,083 Per Month

    • Studio - 2 Beds

    2540 Broad Ave, Memphis, TN 38112

    Indulge in upscale Midtown Memphis living at Link Apartments(R) Broad Ave. Our homes feature oversized windows and luxe plank flooring in every room for a spacious, modern feel. Relax in open-concept kitchens with Energy Star appliances and subway tile backsplashes.Unwind by our saltwater pool or host gatherings in the courtyard with ping pong and grills. Stay active in the award-winning fitness

    Link Apartments® Broad Ave

    (901) 531-9422

    2540 Broad Ave, Memphis, TN 38112
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    $2,400 Per Month

    • 3 Beds
    • 2 Baths
    • 1,532 Sq Ft
    • House for Rent

    3634 Cowden Ave, Memphis, TN 38111

    Rare chance to rent in the Campus School District! This cottage is a perfect updated 3/2 within a block of the U of M! So much space for your family or friends to share! You'll love the big windows that let in tons of natural light, as well as all the other charming details such as the fireplace and built-in shelves. The kitchen is updated with granite, & the downstairs bathroom was just

    Agent Photo

    Kimmer Plunk

    Centric Realty LLC

    (901) 660-3538

    3634 Cowden Ave, Memphis, TN 38111
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    Starting at $1,024 Per Month

    • 1 - 2 Beds

    8056 Country Squire Ln, Cordova, TN 38018

    Escape the post-work slump at The View at Shelby Farms! We're minutes from the epic outdoor adventures of Shelby Farms Park – hiking, biking, kayaking, you name it! But first, unwind in your spacious 1 or 2-bedroom apartment. Think movie marathons on plush couches and room to breathe. Plus, we've got everything you need to recharge and connect: a state-of-the-art fitness center, a sparkling pool,

    The View at Shelby Farms

    (901) 472-7806

    8056 Country Squire Ln, Cordova, TN 38018
  • /10

    $1,050 Per Month

    • 2 Beds
    • 1 Bath
    • Apartment for Rent

    605 Patterson St Unit 7, Memphis, TN 38111

    Must see! This renovated first floor, 2 bedroom apartment features hard surface flooring throughout, ceiling fans in the bedrooms, fresh paint, an updated kitchen and bath and is conveniently located near the University of Memphis and all of the shopping, dining, and entertainment offered on the Highland Strip. The property features a common area patio with grills for tenant use. Appliances

    Agent Photo

    Haydn Wiseman

    Cahltrep Realty, LLC

    (901) 267-4855

    605 Patterson St Unit 7, Memphis, TN 38111
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    Starting at $851 Per Month

    • Studio - 3 Beds

    99 N Main St, Memphis, TN 38103

    Rising 25 stories high in the downtown Memphis sky, Indigo Riverview Apartments offers unparalleled views and a centralized location near the University of Memphis Law School and the Memphis Medical District. Our facilities include a new resident lounge, theater and game room, and fitness center. Our spacious floor plans include updated interiors, private patios/balconies. Residents also have

    Indigo Riverview

    (870) 771-3247

    99 N Main St, Memphis, TN 38103
  • /16

    $1,800 Per Month

    • 4 Beds
    • 1 Bath
    • 1,199 Sq Ft
    • House for Rent

    8 E Brooks Rd, Memphis, TN 38109

    This beautifully renovated home is rent ready for a family. If features 4 bedrooms and 1 bathroom, kitchen, laundry closet, rear load garage and plenty of space. Free 55 inch flat screen TV with singed lease!! Section 8 welcome!

    Agent Photo

    Leaser Coleman

    Empire Realty, LLC

    (901) 665-2519

    8 E Brooks Rd, Memphis, TN 38109
  • /41

    Starting at $699 Per Month

    • 1 - 2 Beds

    3048 Moriah Trail, Memphis, TN 38115

    Welcome to The Trails at Mt. Moriah, where everyday comfort meets a sense of calm just outside the city's buzz. These apartments in Memphis, TN, offer more than square footage—they offer space to breathe, to grow, and to feel at home. Nestled in a quaint neighborhood, this is a place where mature trees line your morning stroll, and weekends flow from poolside lounging to afternoon tennis matches.

    The Trails at Mt. Moriah

    (833) 685-3763

    3048 Moriah Trail, Memphis, TN 38115
  • /38

    $2,650 Per Month

    • 5 Beds
    • 3 Baths
    • 2,905 Sq Ft
    • House for Rent

    1947 Mt Badon, Memphis, TN 38016

    High-end taste & Quality meet affordability in this property! Beautiful 5BED/3BATH Corner Lot Home boasting 2905 SqFt inside hugs you in all the right places w/ perfect floor plan w/ 3BEDS/2BATHS downstairs & 2BEDS/1BATH upstairs! The primary suite features LARGE room with separate Jet Tub & Shower in bath along w/ HIS & HERS Closets! Welcomed by NEW exquisite lighting! Oversized living room/den.

    Agent Photo

    Catrell Maclin

    KAIZEN Realty, LLC

    (901) 673-2625

    1947 Mt Badon, Memphis, TN 38016

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Why Live in Memphis

Memphis stands as the birthplace of Blues, Soul, and Rock 'n' Roll, with legendary music landmarks like Sun Studio, where Elvis Presley and Johnny Cash recorded their earliest hits. The city's rich cultural heritage comes alive through attractions like Graceland, Elvis's iconic mansion, and the National Civil Rights Museum at the Lorraine Motel. Beale Street pulses with live music venues, while outdoor spaces like the 4,500-acre Shelby Farms Park and the Mississippi River waterfront at Tom Lee Park provide natural escapes. The culinary scene features standout restaurants such as Central BBQ, known for hickory-smoked ribs, and Gus's Fried Chicken, a regional icon serving Southern spicy fried chicken.

The Memphis housing market presents diverse options across distinct neighborhoods. Single-family homes in Midtown Memphis have a median price of $310,000, while similar properties in Cooper-Young reach $311,000. Downtown Memphis single-family homes show a median price of $265,000. The median price for townhomes throughout Memphis is $399,000, while one-bedroom condos typically sell for a median price of $161,000.

Memphis maintains a cost of living 10.3% below the national average. A family with school-age children needs approximately $95,000 annually to live comfortably, while single renters require about $55,000. The property tax rate in Shelby County sits at 1.03%, with no state income tax and a combined sales tax rate of 9.56%. Monthly grocery costs average $1,600 for families and $700 for singles. The city's educational landscape includes highly rated institutions like White Station High School serving multiple neighborhoods and private schools such as Hutchison School and Memphis University School. The University of Memphis and Rhodes College add to the academic environment.

Frequently Asked Questions

How much does it cost to rent a home in Memphis, TN?
The median rent for a home in Memphis, TN is $1,395 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Memphis, TN?
To comfortably afford the median rent in Memphis, TN, a household needs to earn roughly $55,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,395 per month in Memphis, TN, renters typically need to show $4,185 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Memphis, TN?
In Memphis, TN, the price-to-rent ratio is 12.2, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Memphis, TN are best for renting a home?
The best neighborhood for renting in Memphis, TN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Chickasaw Gardens, Binghampton, Midtown Memphis, Orange Mound and Cooper-Young, each with its own character and price range.

Rental Trends in Memphis, TN

Rental Home Trends

Number of Homes for Rent
1,855
Median Rent
$1,395
Median Single Family Home Rent
$1,475
Median Townhouse Rent
$1,550
Median Condo Rent
$1,195
How to Rent a Home