City
Average Rent in Memphis, Tennessee
Memphis is a city in Tennessee. It ranks #191 out of 277 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, 55 neighborhoods and no rental communities with places to rent.The average rent over the last 3 months for places in Memphis is $1,225 which represents an increase of 1.4% over the same period.
The most expensive zip code in Memphis to rent places is 38016 with an average rent of $2,038. The least expensive zip code in Memphis to rent places is 38108 with an average rent of $980.
The most expensive neighborhood in Memphis to rent places is Hein Park with an average rent of $2,500. The least expensive neighborhood in Memphis to rent places is Winchester Park with an average rent of $625.
Rental Price Comparison
The average rent for places in city Memphis currently stands at $1,225.
In comparison, places in the largest zip, specifically 38104, is less expensive, with an average rent of $1,165. This represents a difference of -5% when compared to Memphis.
Meanwhile, in the average state of Tennessee, the average rent for the same type of housing is $1,568, 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 $1,877. This constitutes a more expensive by +53% when compared to the rent in Memphis.
$1,225
Memphis
VS$1,165
-5%
38104, zip
$1,568
+28%
TN, state
$1,877
+53%
USA, us
Average price for rental listings over the last 3 months. Last updated July 12 2026
Zip Codes in Memphis, TN
Top 10 by Average Rent for places
38016$2,038
38018$2,009
38125$1,978
38133$1,829
38103$1,824
38119$1,774
38134$1,593
38141$1,569
38117$1,554
38120$1,451
Cheapest 10 by Average Rent for places
Neighborhoods in Memphis, TN
Top 10 by Average Rent for places
Hein Park$2,500
Harbor Town$2,400
Rozelle$1,825
Sea Isle Park$1,825
Balmoral$1,745
French Fort$1,640
Lenox$1,624
Colonial Acres$1,505
Central Gardens,$1,474
Cheapest 10 by Average Rent for places
Klondike$900
Uptown$836
Riverside$811
Hollywood$796
New Chicago$725
Orange Mound$674
Douglass$670
Hyde Park$659
Winchester Park$625
