Average Rent in Memphis, TN: What the Latest Listings Show
Published September 2026: rental sites report different averages for Memphis, reflecting differences in listings and measures. Here’s how to read those figures and apply them to your search.
What is the average rent in Memphis, TN?
These are source-specific estimates, not one official market figure. The supplied figures do not share a clear common measurement date, so treat the range as a snapshot of what these two pages report—not a precise, date-matched comparison. For more detail, see . Best Neighborhoods in Nashville TN for Families.
Each source describes an average across its own reported listings or rental data, and the information provided does not explain whether the sites use the same property mix or calculation method. For that reason, the figures are useful as a broad point of reference, but they should not be read as a guaranteed rent for a particular home.
For a practical comparison, start with the property you are considering: its size, type, and location may differ from the mix behind either site’s citywide average. Check current listings for similar homes and compare like with like before using either estimate to set a budget. The figures here answer the headline question—what these sources report as average rent—but they do not establish what any individual Memphis rental should cost.
In short, the reported averages span $1,042 to $1,250. Use that range as context, and rely on comparable current listings for a property-level estimate.
What rental sites report for Memphis
Rental sites put Memphis rents in a fairly tight band, but their figures are not all measuring the same thing. Zillow reports an average of $1,250 across all bedrooms and property types. [1] Apartments.com lists an average of $1,042 per month and says that is 37% below its stated national average of $1,665 per month; that comparison is Apartments.com’s claim, not a like-for-like conclusion across every site. [2]
Other figures add useful context. RentCafe reports an average apartment rent of $1,145. [3] Rent.com gives a 2026 average range of $1,150–$1,230 for Memphis apartments, with $1,150 listed for a two-bedroom apartment. [4] RentHop reports a $1,143 median asking price for currently available listings, with rents ranging from $890 for a studio to $1,495 for a four-bedroom rental. [5]
These numbers should be read as separate snapshots, not as a single agreed-upon citywide price. For example, Zillow’s figure covers all bedrooms and property types, while RentCafe’s is for apartments and RentHop’s is a median asking price for available listings. [1][3][5] The measures and coverage differ, so comparing the sites is most useful for getting a general sense of the reported range—not for assuming one figure applies to every apartment or rental. [1][5][3][4] When checking a listing, use the bedroom count and property type that match your search, and treat each site’s stated average or median as a starting point rather than a quote for a specific home.
Why average-rent estimates don’t match
Rent estimates can look like they disagree even when each source is describing a different slice of the market. The first thing to check is whether a figure is an average or a median. RentHop labels $1,143 as the median price of currently available listings; it does not call that figure an average. A median and an average are different measures, so the labels matter when you compare numbers.
The sources also describe different property groups. Zillow reports $1,250 for all bedrooms and all property types in Memphis. RentHop gives a range by bedroom count, from $890 for a studio to $1,495 for a four-bedroom rental. RentCafe reports an apartment average of $1,145, while its listed one- and two-bedroom figures are $1,084 and $1,153. Rent.com gives a $1,150–$1,230 range for apartments in 2026 and lists $1,150 for a two-bedroom. These figures do not necessarily describe the same bedroom mix, property types, or pool of listings.
Timing is another limitation.
For a useful comparison, check each source’s measure, property coverage, bedroom breakdown, listing pool, and update period before treating its figure as a current market-wide average. When comparing the average rent in Memphis, TN, check each figure’s property type and bedroom breakdown before using it. Use each number with its label and scope intact.
How bedroom count changes the picture
How bedroom count changes the picture
Bedroom count gives you a useful starting point, but it does not make figures from different sources directly comparable. RentHop’s supplied range runs from $890 for a studio to $1,495 for a four-bedroom rental, covering several home sizes rather than one bedroom category. [5] RentCafe lists an average of $1,084 for one-bedroom apartments and $1,153 for two-bedroom units. [3] That’s a $69 difference between those two figures within RentCafe’s reported data. [3]
Steadily’s figures tell a different, older snapshot: it reports a $907 median for one-bedroom apartments and a $1,086 median rent overall, with the source text dating those figures to August 1, 2024. [6] The one-bedroom number is not interchangeable with RentCafe’s $1,084 figure: one source labels its bedroom prices as averages, while the other calls its figure a median, and the dates differ. [6][3] The supplied RentHop excerpt gives a range by bedroom size and a separate median for all currently available listings, so those measures also answer different questions. [5]
For a practical comparison, match the bedroom count first, then check whether each figure is an average or median and when it was reported. For example, RentCafe’s one-bedroom average and Steadily’s dated one-bedroom median may help frame the comparison, but they should not be treated as two readings from the same dataset. [6][3] And a studio-to-four-bedroom range can show how listed prices vary by size without telling you the typical price of every bedroom category. [5] Keeping the source, measure, and date visible makes it easier to use these figures as context—not as a promise of what a particular apartment will cost.
How to use these figures when setting a budget
Published rent averages are useful for setting a first-pass budget, but they are not a quote for a particular home. The figures here differ by source and scope: Zillow reports $1,250 across all bedrooms and property types, while RentCafe reports a $1,145 average for apartments. [1][3] Treat either figure as a point of comparison, not a promise that a home you like will rent for that amount.
For a more relevant comparison, narrow your search to the bedroom count and property type you actually want, then focus on the areas you are considering. RentHop’s figures, for example, range from $890 for a studio to $1,495 for a four-bedroom rental; RentCafe lists a $1,084 average for one-bedroom apartments and $1,153 for two-bedroom units. [5][3] Those are not interchangeable comparisons: a studio and a four-bedroom home meet different needs, and an apartment average may not describe another property type.
When you review an individual listing, read the details instead of assuming the headline rent covers everything. Check whether utilities are included, whether the listing names any fees, and what lease terms it offers. The supplied averages do not establish those details for a specific home, so leave room in your budget until you can verify them with the listing or property manager.
Finally, check current listings again before deciding what you can afford. The supplied figures have different update dates and methods; one source gives a 2026 range, while the others provide averages or listing-based figures without matching that same description. [5][3][4] Use the most comparable, current listings you can find, and build your budget around the actual homes and terms you are weighing—not one citywide average.
Frequently asked questions
Which supplied source reports the lowest overall figure?
Apartments.com lists the average rent in Memphis, TN, as $1,042 per month.[2]
Is $1,143 an average?
RentHop identifies $1,143 as the median price of currently available listings, rather than describing it as an average. That distinction matters when comparing it with an “average rent” figure: the labels tell you the sources are reporting different measures. [2] [5]
Are these official September 2026 citywide data?
The excerpts report figures from different providers and do not give a matching collection date across them. For a practical comparison, check each source’s own label and date rather than treating the figures as one synchronized snapshot.
How much is a one-bedroom?
RentCafe reports $1,084 for a one-bedroom apartment in Memphis. Because Steadily’s update is dated, don’t read that number as a current figure without checking for a newer update. For a quick comparison, note both the provider and the date, and avoid combining the two figures into a single citywide estimate.
The practical takeaway on Memphis rent
The supplied overall estimates put Memphis rent between $1,042 and $1,250, but that range is a comparison of figures from different sources—not one standardized price for every home. Apartment-focused measures differ too: RentCafe reports an average apartment rent of $1,145, while Rent.com gives a 2026 range of $1,150 to $1,230 for apartments. [3][4]
Those figures are easier to use when you compare like with like. Rent.com reports $1,150 as its average for a two-bedroom apartment. The two-bedroom figures differ, which is a useful reminder to check each source’s coverage and reporting date before treating a difference as a change in the market. [3][4]
For a practical budget, start with the home you actually want: choose the property type and bedroom count, then compare figures that cover the same period. The overall range can orient you, but it is not a quote for a particular address. Before making a decision, verify current listings for the specific home and area you have in mind; a live listing is the next check against broad citywide averages.