Memphis Homes for Rent
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At first we thought we'd have to cram all of our friends into one place. Now, all of my college friends and I live in a nice, big property and it is so much cheaper and more functional. - Memphis,TN
Memphis Homes for Rent
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Memphis Market Trends
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Household Income
Household Income City State City Compared to State Less than $10,000 14.8% 12.0% +2.8% $10,000 to $14,999 7.9% 7.2% +0.7% $15,000 to $19,999 7.7% 7.2% +0.5% $20,000 to $24,999 7.9% 7.4% +0.5% $25,000 to $29,999 7.6% 7.3% +0.3% $30,000 to $34,999 7.3% 7.0% +0.3% $35,000 to $39,999 6.2% 6.3% -0.1% $40,000 to $44,999 5.7% 6.0% -0.3% $45,000 to $49,999 4.7% 5.1% -0.4% $50,000 to $59,999 7.9% 8.8% -0.9% $60,000 to $74,999 8.3% 9.3% -1.0% $75,000 to $99,999 6.7% 8.0% -1.3% $100,000 to $124,999 3.1% 3.6% -0.5% $125,000 to $149,999 1.2% 1.6% -0.4% $150,000 to $199,999 1.3% 1.4% -0.1% $200,000 or more 1.8% 1.7% +0.1% -
Cost of Living
Share of Household Income Spent on Rent City State City 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 more 19.8% 16.0% +3.8% Not computed 6.6% 10.0% -3.4% -
Age Demographic of Renters
Age Demographic of Renters City State City Compared to State 15 to 24 years 14.5% 14.9% -0.4% 25 to 34 years 30.9% 28.5% +2.4% 35 to 44 years 21.9% 21.7% +0.2% 45 to 54 years 14.7% 14.4% +0.3% 55 to 64 years 7.2% 8.1% -0.9% 65 to 74 years 5.1% 5.8% -0.7% 75 to 84 years 4.0% 4.6% -0.6% 85 years and over 1.8% 1.9% -0.1% -
Travel Time to Work
Travel Time to Work City State City Compared to State Less than 30 minutes 47.5% 38.9% +8.6% 30 to 44 minutes 27.2% 25.9% +1.3% 45 to 59 minutes 7.8% 12.9% -5.1% 60 or more minutes 17.5% 22.2% -4.7%
Source: 2000 Census
Average Price to Lease a Home Property in Memphis, Tennessee
| # Bedrooms | Apr | Mar | Feb | 3 Month % change |
|---|---|---|---|---|
| 1 Bed | N/A | N/A | N/A | 0% |
| 2 Bed | $625 | $587 | $553 | 13% |
| 3 Bed | $765 | $768 | $772 | -0.9% |
| 4 Bed | $956 | $941 | $955 | 0.1% |
See how Apartment Rentals compare in Memphis
Houses for Rent in Cities Near Memphis, TN
MyNewPlace can help you find the Memphis, TN home rental that will work best for you. Using our rental home search, you can view townhomes or condos for rent if you want to live downtown, or check out the rental listings for single family house rentals in the surrounding areas. Try one of these cities below for more rental houses near Memphis, TN.