City
Average Rent in Memphis, Tennessee
Memphis is a city in Tennessee. It ranks #194 out of 275 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, 54 neighborhoods and no rental communities with places to rent.The average rent over the last 3 months for places in Memphis is $1,209 which represents a decrease of -3.6% over the same period.
The most expensive zip code in Memphis to rent places is 38016 with an average rent of $2,095. The least expensive zip code in Memphis to rent places is 38108 with an average rent of $961.
The most expensive neighborhood in Memphis to rent places is Harbor Town with an average rent of $2,484. 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 $1,209.
In comparison, places in the largest zip, specifically 38127, is less expensive, with an average rent of $1,096. 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 $1,547, 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 $1,847. This constitutes a more expensive by +53% when compared to the rent in Memphis.
$1,209
Memphis
VS$1,096
-9%
38127, zip
$1,547
+28%
TN, state
$1,847
+53%
USA, us
Average price for rental listings over the last 3 months. Last updated April 26 2026
Zip Codes in Memphis, TN
Top 10 by Average Rent for places
38016$2,095
38018$2,072
38125$1,959
38119$1,909
38133$1,762
38103$1,633
38117$1,552
38120$1,546
38141$1,517
38134$1,515
Cheapest 10 by Average Rent for places
Neighborhoods in Memphis, TN
Top 10 by Average Rent for places
Harbor Town$2,484
Rozelle$1,921
French Fort$1,765
Sea Isle Park$1,754
Colonial Acres$1,636
Joffre$1,514
Lenox$1,455
Glenview$1,454
Evergreen$1,411
Cheapest 10 by Average Rent for places
Riverside$900
New Chicago$818
Mallory Heights$818
Orange Mound$786
Hollywood$751
Hyde Park$719
Douglass$697
Winchester Park$625
Prospect Park$525
