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Deals · Memphis

Average rent in Memphis, TN (2026): rents, prices and yields

The average asking rent in Memphis, TN is $1,295 a month (median of 5,019 rental listings, November 2026).

Rent in Memphis, TN at a glance

Updated 6 Nov 2026 · last 180 days · 5,019 rental listings

Typical asking rent $1,295/month median · middle half $999 – $1,550
Asking price per m² $1,277/m² 3,895 listings for sale
Gross yield 10.5% rent/m² × 12 ÷ price/m², before costs
By size
1-bedroom $825 · 2-bedroom $975 · 3-bedroom $1,315
Range
the middle half of listings ask $999 – $1,550
Yield
about 10.5% gross, with asking prices at $1,277 per m²

Analysed deals in Memphis, TN

No analysed deals in Memphis, TN yet. We publish new ones regularly — check back soon.

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Average rent by number of bedrooms in Memphis, TN

Median asking rent from $825 (1-bed) to $1,595 (4+ bed).

Asking rent by bedrooms and gross yield
BedroomsMedian rentMiddle halfListingsMedian priceGross yield
1 bed $825 $697 – $1,000 359 $102,000 9.7%
2 bed $975 $850 – $1,200 1,097 $119,000 9.8%
3 bed $1,315 $1,100 – $1,550 2,619 $150,290 10.5%
4+ bed $1,595 $1,395 – $1,912 944 $275,000 7.0%
More market data
Rent per m² $11.2/m²/month 4,604 listings with floor area
Live listings today 86% of 5,019 rental listings

Asking rents and prices observed in public listings over the last 180 days — medians and quartiles, not valuations. Estimates, not appraisals. Check any address with the free rent calculator.

Renting in Memphis, TN: questions and answers

How much is rent in Memphis, TN?

The typical (median) asking rent in Memphis, TN is $1,295 a month, based on 5,019 rental listings over the last 180 days. Half of listings ask between $999 and $1,550.

How much is a 2-bedroom apartment in Memphis, TN?

A 2-bedroom asks $975 a month (median of 1,097 listings; middle half $850 – $1,200). 1-bedroom: $825; 3-bedroom: $1,315; 4+ bedroom: $1,595.

What is the rental yield in Memphis, TN?

About 10.5% gross: median asking rent per m² × 12 divided by median asking price per m² ($1,277), before costs, voids, tax and financing. A benchmark for comparing areas, not a forecast for one property.

Where do these numbers come from?

From rental and sale listings published in the last six months in this area — live ones and the ones taken down recently. We take the middle value (the median) and the range the middle half of listings sits in, so a few extreme listings do not move the figure.

Are these achieved rents and prices?

No — they are asking figures, what landlords and sellers list for. Achieved rents and prices are usually a little lower, and the property's own condition, floor and view move it well outside this range.

How often is this updated?

Every night. The sample size and the share of live listings are shown so you can judge how solid a figure is; areas with too few recent listings are not published.

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