Neighborhood
Average Rent in Prospect Park
Prospect Park is a neighborhood in Memphis, TN. It ranks #56 out of 56 for places to rent. Prospect Park is in
the county of
Shelby County and no congressional districts. Dwellsy has rental data for Prospect Park includes the zip code of
38106, 56 neighborhoods and no rental communities with places to rent.The average rent over the last 3 months for places in Prospect Park is $525 which represents an increase of 0% over the same period.
Rental Price Comparison
The average rent for places in neighborhood Prospect Park currently stands at $525.
In comparison, places in the average city, specifically Memphis, is more expensive, with an average rent of $1,175. This represents a difference of +124% when compared to Prospect Park.
Meanwhile, in the average state of Tennessee, the average rent for the same type of housing is $1,554, showing a more expensive of +196% 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 +254% when compared to the rent in Prospect Park.
$525
Prospect Park
VS$1,175
+124%
Memphis, city
$1,554
+196%
TN, state
$1,859
+254%
USA, us
Average price for rental listings over the last 3 months. Last updated May 31 2026