Apartments in New Chicago Memphis

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0
Schedule Today To See This Midtown 1 Bedroom Newly Renovated Apartment - Move In Ready! Apartment for rent in Memphis, TN
$950
525 N Waldran Blvd Unit 2 Memphis, TN
1 BR | Available Now
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0
Move In Ready - Newly Renovated Apartment Near Zoo Apartment for rent in Memphis, TN
$1,075
1099 N Parkway Ave Unit 1 Memphis, TN
2 BR | Available Now
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1
Cozy & Comfortable Newly Renovated 3 Bedroom Home In Hyde Park Area Apartment for rent in Memphis, TN
$1,050
1436 Austin St Memphis, TN
3 BR | Available Now
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1
Charming 3br/1b Conveniently Located Near Rhodes College! Apartment for rent in Memphis, TN
$1,695
861 N Barksdale St Memphis, TN
3 BR | Available Now
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Dog Friendly
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0
Schedule Today To See This Midtown 1 Bedroom Newly Renovated Apartment - Move In Ready! Apartment for rent in Memphis, TN
$950
525 N Waldran Blvd Unit 4 Memphis, TN
1 BR | Available Now
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1
1022 N 2nd Apartment for rent in Memphis, TN
$575
Memphis, TN
1 BR | Available Now
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20
Beautiful 2 Bedroom, 1.5 Bathroom Home For Rent! Apartment for rent in Memphis, TN
$1,295
686 Saffarans Ave Memphis, TN
2 BR | Ask for Availability
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Air Conditioning
18
University Gardens Manor Apartment for rent in Memphis, TN
$659 - 920
2059 N Cabana Cir Memphis, TN
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Fitness Center
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45
Parcels at Concourse Apartment for rent in Memphis, TN
$1,500 - 2,915
1350 Concourse Ave Suite 750 Memphis, TN
Studio - 2 BR | Available Now
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Heat Included
Dog Friendly
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22
Parcels At Concourse Apartment for rent in Memphis, TN
$1,793 - 2,574
1350 Concourse Avenue, Suite 750 Memphis, TN
1 - 2 BR | Available Now
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Dog Friendly
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1
2659 Windsor Apartment for rent in Memphis, TN
$700
Memphis, TN
2 BR | Feb. 28, 2025
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1
410/412 N Bellevue Blvd Apartment for rent in Memphis, TN
$695
Memphis, TN
1 BR | Available Now
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1
2180 S Hubert Cir Apartment for rent in Memphis, TN
$1,000
Memphis, TN
2 BR | Jan. 27, 2025
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0
Text Our Leasing Team At 901-820-4367 To Schedule A Tour! - Housing Choice Section 8 Friendly Apartment for rent in Memphis, TN
$695
1333 Halcomb Ln Memphis, TN
2 BR | Available Now
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1
1165 Springdale St Apartment for rent in Memphis, TN
$1,100
Memphis, TN
3 BR | Available Now
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0
The Galloway At Evergreen Apartment for rent in Memphis, TN
$950
1571 Galloway Ave Memphis, TN
2 BR | Available Now
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Dog Friendly
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13
Spacious 2 Bd 2.5 Bath With Loft On The Island. Small Pets Allowed. Fenced In Patio Area. Apartment for rent in Memphis, TN
$2,150
282 Island Blf Memphis, TN
2 BR | Available Now
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11
Four Bedroom House In Memphis Apartment for rent in Memphis, TN
$725
1103 Springdale St Memphis, TN
4 BR | Ask for Availability
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1
Adorable Island Property That Over Looks Water! No Pets Allowed. No Carpet! Apartment for rent in Memphis, TN
$1,950
283 Island Village Dr Memphis, TN
2 BR | Feb. 15, 2025
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Storage
1
1160 SPRINGDALE Apartment for rent in Memphis, TN
$550
Memphis, TN
1 BR | Ask for Availability
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1
Available Now!! Move In Special $250 Off Off First Months Rent!! Apartment for rent in Memphis, TN
$2,125
1463 Down Riv Memphis, TN
3 BR | Ask for Availability
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17
$1,900
Memphis, TN
2 BR | Available Now
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Cat Friendly
Air Conditioning
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Dishwasher
16
$1,900
Memphis, TN
2 BR | Available Now
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Cat Friendly
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0
$1,495
1570 Jay Cv Memphis, TN
3 BR | Available Now
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1
$1,250
350 Malvern St Memphis, TN
2 BR | Available Now
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Air Conditioning
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15
$1,575
Memphis, TN
3 BR | Available Now
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3
$425
1330 Peach Ave Memphis, TN
1 BR | Available Now
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$995
380 N Willett St Memphis, TN
1 BR | Available Now
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$1,150
Memphis, TN
3 BR | Ask for Availability
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$1,600
2307 Marble Ave Memphis, TN
4 BR | Available Now
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Memphis:
January Rent Report

Welcome to the January 2025 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the January 2025 key findings and figures for the Memphis rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Memphis and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Memphis average rent prices in the chart below.

Monthly Rent Report

$1,250
$940
$630
$310
$0
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
Jan. 2025
1 BR       2 BR

Memphis Rent Prices Increase From December to January

Memphis rent prices increased over the last month. From December to January, the city experienced a 0.58% increase for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $1,045.0.

When we take a look at the two-bedroom comparison from December to January, Memphis experienced a 0.52% increase for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,165.0.

January Prices: Memphis vs. Surrounding Areas

Germantown, TN
Southaven, MS
Cordova, TN
Collierville, TN
Horn Lake, MS
Memphis, TN
Marion, AR
$1,890
$1,405
$1,383
$1,355
$1,339
$1,039
$823
$0
$650
$1,300
$1,950
$2,600
Median 1 BR Rent

Rent Prices in Memphis and Surrounding Areas

Rent prices have increased in Memphis over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 2 of the Memphis suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Southaven, MS, Germantown, TN .

  • Rent decreased in Cordova, TN, Horn Lake, MS, Collierville, TN, Marion, AR.

  • 5 suburbs are currently priced higher than the city of Memphis.

  • 1 suburb is currently priced lower than the city of Memphis.

January 2025 Pricing Trends: Memphis vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
Memphis, TN
$4,103
$3,142
$2,383
$2,341
$1,905
$1,282
$1,242
$1,219
$1,039
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Memphis Rent Prices More Affordable Than Major Cities

Rent growth in Memphis over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Memphis average rent prices appear to be relatively affordable for local residents.

The price for a Memphis one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Memphis and surrounding area rent prices, take a look at the complete data set below.

Data set for Memphis and suburbs

1 BR January 1 BR M/M % Change 2 BR January 2 BR M/M % Change
Memphis, TN $1,039.0 2.37% $1,159.0 1.93%
Cordova, TN $1,383.0 -1.36% $1,570.0 -0.63%
Southaven, MS $1,405.0 2.71% $1,476.0 0.89%
Horn Lake, MS $1,339.0 -0.08% $1,462.0 0.83%
Collierville, TN $1,355.0 -0.95% $1,625.0 -0.12%
Marion, AR $823.0 -0.24% $1,025.0 -2.01%
Germantown, TN $1,890.0 19.70% $1,951.0 9.73%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.