Metropolitan Area

Average Rent in Memphis, TN-MS-AR MSA

Memphis, TN-MS-AR MSA is a metropolitan area in United States. It ranks #260 out of 923 for places to rent. Memphis, TN-MS-AR MSA is in

the states of

Arkansas, Mississippi, Tennessee. Dwellsy has rental data for Memphis, TN-MS-AR MSA also includes 14 counties, 6 congressional districts, 58 zip codes, and 33 cities with places to rent.

The average rent over the last 3 months for places in Memphis, TN-MS-AR MSA is $1,534 which represents an increase of 3.39% over the same period.

The most expensive zip code in Memphis, TN-MS-AR MSA to rent places is 38139 with an average rent of $5,941. The least expensive zip code in Memphis, TN-MS-AR MSA to rent places is 38126 with an average rent of $677.

The most expensive city in Memphis, TN-MS-AR MSA to rent places is Rossville, TN with an average rent of $2,798. The least expensive city in Memphis, TN-MS-AR MSA to rent places is New Albany, MS with an average rent of $696.

Rental Price Comparison

The average rent for places in msa Memphis, TN-MS-AR MSA currently stands at $1,534.

In comparison, places in the largest zip, specifically 38016, is more expensive, with an average rent of $1,811. This represents a difference of +18% when compared to Memphis, TN-MS-AR MSA.

Meanwhile, in the largest city of Memphis, the average rent for the same type of housing is $1,350, showing a less expensive of -12% from our subject location.

On a national scale, the average rent for a similar places across the United States is $2,003. This constitutes a more expensive by +31% when compared to the rent in Memphis, TN-MS-AR MSA.