Memphis Apartments for Rent

 
 
 
 

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Popular Memphis Apartments

Park Estate

Park Estate

Memphis, Tennessee, 38119

2 BedroomsFrom $930

3 BedroomsFrom $1,230

1 BedroomFrom $865

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Town House Apartments

Town House Apartments

Memphis, Tennessee, 38104

2 Bedrooms$790 - $880

Studio/1 Bedroom$560 - $700

The Bristol on Union

The Bristol on Union

Memphis, Tennessee, 38104

3 BedroomsFrom $1,525

1 BedroomFrom $735

2 BedroomsFrom $982

The Estates at River Pointe

The Estates at River Pointe

Memphis, Tennessee, 38103

1 BedroomFrom $865

2 BedroomsFrom $1,155

3 BedroomsFrom $1,395

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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 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.

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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 Jun May Apr 3 Month % change
Studio $470 N/A $700 -32.9%
1 Bed $656 $689 $679 -3.4%
2 Bed $839 $855 $841 -0.2%
3 Bed $990 $1,079 $1,071 -7.6%

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 April the average rent for a 1 Bedroom Memphis apartment cost $679. If you need a roommate, try finding a 2 bedroom apartment rental. An average 2 bedroom Memphis apartment was $841 in April. The average apartment rent for a 3 bedroom apartment in April was $1,071. Start your apartment search by checking out some of the Memphis rentals listed below.

Featured Memphis Apartments for Rent

  • 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.

  • Riverset Apartments Memphis, TN 38103

    Riverset Apartments was created for those who know what they want out of life! Our elegant homes of distinction provide carefree living with personalized service. You'll be surrounded by natural beauty and vitality. With our central location, you are just minutes from fine dining, shopping and recreation. With features such as spacious closets, a swimming pool, sundeck. You'll be living the good life at Riverset Apartments.

  • Butterfield Village Memphis, TN 38119

    Your friends will envy you! Experience Memphis, Tennessees finest, Butterfield Village. Butterfield Village boasts one, two and three bedroom garden homes and two and three bedroom townhomes, which include two amazing kitchen packages to choose from! The classic kitchen package boasts bisque appliances, modern white cabinetry and an abundance of countertops, perfect for preparing meals and entertaining friends. The deluxe kitchen package features, black appliances, satina front refrigerators, modern white cabinetry enhanced with brushed nickel fixtures, and sleek, designer countertops just to name a few! Many homes also include a private entrance, washer & dryer connections, oversized closets, and a secluded patio or balcony.Relax and soak up some rays on the sundeck off our outdoor pool, enjoy some BBQ with friends in our picnic areas with built in grilling stations, or take your pet for a leash free jog in our bark park. Burn off some steam as you challenge your friends to game of tennis day or night on the lighted tennis courts or take a brisk jog around the community while taking in the mature, landscaped beauty only Memphis can provide. Come visit us today! Not only are we located in the prime Ridgeway School District, we are also minutes from I-240, I-40, I-55, St. Francis Hospital, and the University of Memphis. Spend your leisure time shopping until you Drop at Memphiss Oakcourt Mall and Wolf Chase Galleria, which offer an array of unique boutiques and fine dining experiences. Lichterman Nature Center is another Memphis, TN hotspot, featuring walking and jogging trails, Japanese Gardens and much more! Go Ahead! Be Envied! Check us out on MySpace!

  • Highland Towers Apartments Memphis, TN 38111

    Welcome to Highland Towers Apartments. Please Email for an Appointment.

  • Maple Ridge Apartments Memphis, TN 38116

    Welcome to Maple Ridge Apartments.

  • Kirby Station Memphis, TN 38120

    If an ideal location is what you need, and impeccable style is what you demand, Kirby Station delivers! Impressive one and two bedroom apartments and townhomes boast everything you could possibly desire in a home. Newly redesigned interiors include hardwood style flooring, new countertops and appliances, brushed nickle hardware and more. Our East Memphis location is convenient to I-240, Germantown shopping, dining and entertainment. Covered parking, award winning landscape and stylish interiors make Kirby Station a community that will surely exceed your expectations!

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