BEST PLACES TO RENT

Memphis Metropolitan Area

Tennessee, Mississippi, Arkansas

Average Rent

$1,249

Rent Comparison

-24.3% Lower

than the state average

Rentals Available

3,188

Population

1.34 Million

Memphis, TN-MS-AR Metro Cities

The Memphis, TN-MS-AR metro area has a total population of 1,343,263. Use the map below to explore this metro’s top cities and compare key metrics to find the best place

AVG RENT

$1,198

# RENTALS

2,202

AVG RENT

$1,354

# RENTALS

391

AVG RENT

$1,669

# RENTALS

219

AVG RENT

$1,491

# RENTALS

58

AVG RENT

$1,895

# RENTALS

42

AVG RENT

$1,740

# RENTALS

31

AVG RENT

$1,539

# RENTALS

17

AVG RENT

$878

# RENTALS

14

AVG RENT

$1,252

# RENTALS

14

AVG RENT

$2,258

# RENTALS

13

AVG RENT

$1,529

# RENTALS

12

AVG RENT

$819

# RENTALS

11

AVG RENT

$1,243

# RENTALS

10

Memphis, TN-MS-AR Rent Ranges

On average, rent in Memphis Metro Area falls anywhere from < $700/mo on the low end to > $2,000/mo at the max. Most rental prices fall within the $1,001 - $1,500/mo range.

Memphis, TN-MS-AR Average Rent

The average rent in Memphis Metro Area is around $1,249/month which is 23% below the national average. Use the chart below to compare Memphis Metro Area average rent prices over time.

Other Metros

This information is based on data collected by CoStar Group researchers.