Memphis Apartments for Rent

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Popular Memphis Apartments

Park Estate

Park Estate

Memphis, Tennessee, 38119

2 BedroomsFrom $930

1 BedroomFrom $865

3 BedroomsFrom $1,230

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Kirby Station

Kirby Station

Memphis, Tennessee, 38120

2 Bedrooms$725 - $1,030

1 Bedroom$569 - $905

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The Posts

The Posts

Memphis, Tennessee, 38116

2 Bedrooms$529 - $599

3 Bedrooms$659 - $699

1 Bedroom$439 - $459

Butterfield Village

Butterfield Village

Memphis, Tennessee, 38119

1 Bedroom$690 - $700

3 Bedrooms$955 - $1,105

2 Bedrooms$790 - $930

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Memphis Apartments Info

Find Apartments in Memphis, Tennessee

Memphis apartments are available in a wide variety of different neighborhoods and surrounding cities. You can easily find pet friendly apartments in Memphis using our apartment finder or search for apartment amenities like a fitness center, swimming pool or off-street parking. Make sure that you check out our apartment guide to discover all that Memphis has to offer during your rental apartment search.

Before you get started looking for apartments in Memphis, check our apartment rental guide, which has great advice on finding and renting apartments in Memphis. The MyNewPlace apartment guide features articles on how to most effectively rent apartments, tips for apartment searches, how to find affordable Memphis apartments for rent, questions to ask the landlord of your rental apartment, and how to make sure your apartment rental is right for you.

Search Homes for Rent in Memphis

Memphis Apartment Rental Market

  • Household Income
    Household IncomeCityStateCity Compared to State
    Less than $10,00014.8%12.0% +2.8%
    $10,000 to $14,9997.9%7.2% +0.7%
    $15,000 to $19,9997.7%7.2% +0.5%
    $20,000 to $24,9997.9%7.4% +0.5%
    $25,000 to $29,9997.6%7.3% +0.3%
    $30,000 to $34,9997.3%7.0% +0.3%
    $35,000 to $39,9996.2%6.3% -0.1%
    $40,000 to $44,9995.7%6.0% -0.3%
    $45,000 to $49,9994.7%5.1% -0.4%
    $50,000 to $59,9997.9%8.8% -0.9%
    $60,000 to $74,9998.3%9.3% -1.0%
    $75,000 to $99,9996.7%8.0% -1.3%
    $100,000 to $124,9993.1%3.6% -0.5%
    $125,000 to $149,9991.2%1.6% -0.4%
    $150,000 to $199,9991.3%1.4% -0.1%
    $200,000 or more1.8%1.7% +0.1%
  • Cost of Living
    Share of Household Income Spent on RentCityStateCity Compared to State
    Less than 10.0%6.4%6.9% -0.5%
    10.0% to 14.9%11.2%12.0% -0.8%
    15.0% to 19.9%13.6%14.2% -0.6%
    20.0% to 24.9%12.6%12.4% +0.2%
    25.0% to 29.9%10.4%10.4% +0.0%
    30.0% to 34.9%7.3%6.9% +0.4%
    35.0% to 39.9%5.2%4.9% +0.3%
    40.0% to 49.9%6.8%6.3% +0.5%
    50.0% or more19.8%16.0% +3.8%
    Not computed6.6%10.0% -3.4%
  • Age Demographic of Renters
    Age Demographic of RentersCityStateCity Compared to State
    15 to 24 years14.5%14.9% -0.4%
    25 to 34 years30.9%28.5% +2.4%
    35 to 44 years21.9%21.7% +0.2%
    45 to 54 years14.7%14.4% +0.3%
    55 to 64 years7.2%8.1% -0.9%
    65 to 74 years5.1%5.8% -0.7%
    75 to 84 years4.0%4.6% -0.6%
    85 years and over1.8%1.9% -0.1%
  • Travel Time to Work
    Travel Time to WorkCityStateCity Compared to State
    Less than 30 minutes47.5%38.9% +8.6%
    30 to 44 minutes27.2%25.9% +1.3%
    45 to 59 minutes7.8%12.9% -5.1%
    60 or more minutes17.5%22.2% -4.7%

Source: 2000 Census

Memphis, Tennessee

Sitting on the banks of the great Mississippi River, Memphis has always been a very important part of the South and America. It was a major cotton hub, hardwood shipping center and well into the 1950s, the mule capital of the country. It was a stronghold during the American Civil War and has an unfortunate history of also being a major slave trading center.

Memphis retains an Old South feel while achieving prominence as a major city. Memphis now depends on Fortune 500 companies as well as retaining its popularity as a transportation center. FEDEX has its worldwide headquarters there as does International Paper and Schering-Plough pharmaceuticals. The city is home to seven colleges or universities along with an equal number of good prep schools.

Memphis Attractions

Attractions in Memphis are varied. Very few music fans will miss a trip to Graceland, Beale Street and the Walk of Fame. Museum goers will want to stop into the Brooks Museum along with the Civil Right Museum and the Pink Palace.

Although Memphis has a couple of pro sports teams, it's the University of Memphis Tiger basketball team that gets the most popularity. In choosing your Memphis apartment, you may rest assured that wherever it may be, it will be close to a park and other activities.

Hot Areas

The downtown area of Memphis is still undergoing revitalization. Although attempts are in earnest, it still hasn’t managed to become a desirable neighborhood for living. Midtown is currently the ‘edgy’ area and is being resettled by artists and musicians.

There you will find galleries and trendy shops along with restaurants and bars. Collierville and other more northern suburbs provide ample housing. So, depending on your interests, you should think about selecting your Memphis apartment based on your lifestyle requirements.

Out and About at Night

When it comes to dining, think barbeque first and foremost. Memphis is famous for it, and there are competing establishments everywhere. The Rendezvous is a long time favorite but the yearly barbeque festival along the river will give you a chance to try a number of different styles.

Memphis is large enough that you’ll also find chain steakhouses and other style restaurants. Music rules for Memphis nightlife. Home to the blues, there are also deep roots in soul and rock n’ roll music. Beale Street is the place to start.

Many clubs pipe their music live into the streets, and the purchase of a single wristband will gain you entry into most of them. In Midtown, you’ll find a more varied group of clubs for entertainment and every suburb has a range of quiet to higher energy type clubs. None of the will be far from your Memphis apartment.

Average Apartment Rent in Memphis, Tennessee

# Bedrooms Oct Sep Aug 3 Month % change
Studio N/A N/A N/A 0%
1 Bed $601 $580 $613 -2%
2 Bed $747 $719 $778 -4%
3 Bed $952 $988 $991 -3.9%

See how Home Rentals compare in Memphis

Memphis Apartment Rental Trends

Apartments in Memphis have competitive rents so be sure to use our apartment finder to get the best deal. In August the average rent for a 1 Bedroom Memphis apartment cost $613. If you need a roommate, try finding a 2 bedroom apartment rental. An average 2 bedroom Memphis apartment was $778 in August. The average apartment rent for a 3 bedroom apartment in August was $991. Start your apartment search by checking out some of the Memphis rentals listed below.

Featured Memphis Apartments for Rent

  • Town House Apartment Homes Memphis, TN 38104

    Gracious Living..Walk into our elegantly appointed lobby that beautifully illustrates a contempory style openness. Enjoy the many amenities that we offer: beautiful lap style swimming pool, 24hr fitness center, laundry facility, recreational facility, coffee every morning and wireless internet in the lobby, storage facility, media center, reading lounge, gated parking as well as underground parking optional, and vending. Fabulous View..Take in the view from our large private balconies enticing residents to step out and marvel at the dazzling view of downtown from Mid Town's premier high rise. Central Location..ideally located in the Memphis historical garden district with easy access to I 240 and downtown.

  • Fieldstone Memphis, TN 38125

    An apartment community reflecting the charm of an English country village. Colorful exteriors of soft sun-washed stucco, handsome brick and crisp trim compliment an apartment lifestyle filled with vigor and style. We offer additional amenities like continental breakfast and a mini malco theatre. Great location at the edge of Germantown Right across from Southwind and Fed Ex World Headquarters with easy access to Nonconnah Parkway and all areas of Memphis.

  • Fieldstone Phase II Memphis, TN 38125

    Experience the elegance of southern architecture. Enjoy the handsome coach house library with conference table, PC with printer & modem, fax & copier. We will spoil you with our many amenities such as massage therapy, dry cleaning, continental breakfast, and a private Mini Malco Theatre in our personal Resident Lodge with personal concierge. Fieldstone Apartment Homes is located across from Southwind and Fed Ex World Headquarters with easy access to I385 and all areas of Memphis for shopping and entertaining. Brand New apartment homes are still available in our second Phase. Call our Professional Management team today to reserve your home of luxury.

  • Arbors of River Oaks Memphis, TN 38120

    Meticulously landscaped grounds will welcome you each evening as you enter your new community enclosed with convenient remote access gates. Did we mention the convenience of this location to almost any destination in the city? The experience you will have as a member of Arbors River Oaks will be beyond compare. The staff members available for you are well qualified, caring and dedicated to offering you the pampered service you deserve. Now does this sound like the lifestyle you have searched for? Of course it does and we can't wait for you to join.

  • Madison Humphreys Center Memphis, TN 38120

    Madison Humphreys Center is a luxury apartment community nestled in a great location yet convenient to I-240. Here, beautiful landscaping and numerous resident services provide a relaxed setting that complements your busy lifestyle. Beautiful, apartment homes with oversized garden tubs, huge walk-in closets and 9 ft. ceiling accented with crown molding are complemented by property amenities like a state of the art athletic center, car care center and much, much more. Don't miss out on this wonderful living experience. Call today.

  • Greenbrook Memphis, TN 38134

    Greenbrook is an apartment community that offers something for everyone. One, two and three bedroom apartment homes are surrounded by acres of beautiful trees, stocked lakes, and walking paths for your enjoyment. Shelby Farms, a 4500 acre recreational facility, is located right at your back door! Convenient to I-40 and I-240, shopping, dining and entertainment is only minutes away. But convenience only begins with Greenbrook's location. A full-size washer and dryer is provided in every apartment home, and with several patio home floorplans to choose from you are sure to find a style that suites you perfectly!

  • Gayoso House & Pembroke Square Memphis, TN 38103

    Pembroke Square is a beautiful apartment community that was once the hotel of choice, and the center of Memphis' social scene. This location was transformed into a touch of yesteryears, with architectual details like vaulted ceilings, oversized windows & original ceramic tile floors that fill the apartments with character, as it was once The Gayoso Hotel. In addition, controlled access, a state-of-the-art health club, an on-site AC controlled storage facility & a resident rooftop overlooking Downtown Memphis & the Mighty Mississippi. You'll LOVE living in the heart of downtown's historic block of Memphis. The trolley stops at your front doorstep and you will be within walking distance from exciting downtown's entertainment.

  • Arbors of Hickory Ridge Memphis, TN 38115

    The Arbors of Hickory Ridge offers a beautiful country setting in apartment living. Upon arrival at your home, you are immediately transformed to a tranquil scenic atmosphere featuring a serene lake with fountains. This distinctive community is just minutes from I-40, shopping, and several entertainment spots. A limited- access gated community, offering 1, 2, & 3 bedroom apartments with thirteen floor plans and numerous options to fit your particular needs. Fully equipped kitchens, vaulted ceilings, ceiling fans, washer/dryer connections, wet and dry bar areas, wood burning fireplaces with gas starters, large patios/balconies, and sunrooms are just a few of the amenities we offer to help personalize your home.

  • Hunters Trace Memphis, TN 38120

    Location! Location! Location! Close to everything, yet nothing comes close. Hunters Trace guarantees outstanding customer service, beautifully landscaped grounds, spacious floor plans, professional on-site service staff and management. Our convenient location makes our community the obvious choice... You deserve the best! It just keeps getting better! We are now offering newly upgraded apartment homes. These units offer new appliances, plantation blinds, new fixtures, and granite counter tops!! Tour a New Premier Home!!

  • The Bristol on Union Memphis, TN 38104

    Discover a new era in city living where you can work, live and play in luxury. Step through to a new lifestyle in living at the Bristol on Union. Imagine the convenience of having every comfort right at your doorstep while being only moments away from Memphis International Airport and quick access to Interstate 240. When you are searching for the perfect escape dine at one of the many nearby restaurants, shop at the finest establishments at Peabody Place or take in a ballgame at Autozone Park. If you enjoy the nightlife, then stroll down to Beale Street where good food and the sounds of jazz come alive! Escape from the everyday stresses and relax in your home which boasts such features as: nine and ten foot ceilings, spacious walk-in closets, brightly lit sunrooms, gourmet island kitchens, and some loft style floor plans - just to mention a few. Unique contemporary styled architecture provides you with easy access to your home with covered garage parking with same level entry. For the fitness enthusiast, work out in the health and fitness center or take in a game on the private Bocce Ball Court.

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