City
Average Rent in Memphis, Tennessee
Memphis is a city in Tennessee. It ranks #191 out of 273 for places to rent. Memphis is in
the county of
Shelby County and the metropolitan area of
Memphis, TN-MS-AR MSA. Dwellsy has rental data for Memphis includes 26 zip codes, no sections, 56 neighborhoods and no rental communities with places to rent.The average rent over the last 3 months for places in Memphis is $1,214 which represents a decrease of -0.57% over the same period.
The most expensive zip code in Memphis to rent places is 38016 with an average rent of $2,079. The least expensive zip code in Memphis to rent places is 38108 with an average rent of $977.
The most expensive neighborhood in Memphis to rent places is Harbor Town with an average rent of $2,449. The least expensive neighborhood in Memphis to rent places is Prospect Park with an average rent of $525.
Rental Price Comparison
The average rent for places in city Memphis currently stands at $1,214.
In comparison, places in the largest zip, specifically 38127, is less expensive, with an average rent of $1,102. This represents a difference of -9% when compared to Memphis.
Meanwhile, in the average state of Tennessee, the average rent for the same type of housing is $1,554, showing a more expensive of +28% from our subject location.
On a national scale, the average rent for a similar places across the United States is $1,859. This constitutes a more expensive by +53% when compared to the rent in Memphis.
$1,214
Memphis
VS$1,102
-9%
38127, zip
$1,554
+28%
TN, state
$1,859
+53%
USA, us
Average price for rental listings over the last 3 months. Last updated May 31 2026
Zip Codes in Memphis, TN
Top 10 by Average Rent for places
38016$2,079
38018$2,048
38125$2,006
38133$1,815
38119$1,779
38103$1,697
38117$1,559
38141$1,541
38134$1,523
38120$1,484
Cheapest 10 by Average Rent for places
Neighborhoods in Memphis, TN
Top 10 by Average Rent for places
Harbor Town$2,449
Rozelle$1,905
Sea Isle Park$1,767
French Fort$1,716
Colonial Acres$1,565
Lenox$1,512
Joffre$1,476
Balmoral$1,462
Castalia$1,425
Cheapest 10 by Average Rent for places
Mallory Heights$857
Riverside$850
Hollywood$784
Orange Mound$767
New Chicago$759
Hyde Park$697
Douglass$695
Winchester Park$625
Prospect Park$525
