Living in 38116
Discover the charm of Memphis, Tennessee. A city rich in history and cultural diversity, Memphis is a melting pot of blues, jazz, and rock-n-roll music and a hub for cuisine and the arts. Home to the iconic Graceland, Memphis is the birthplace of rock-n-roll and a hub for music lovers. Visit the Memphis Rock 'n' Soul Museum, Sun Studio, and the Stax Museum of American Soul Music to immerse yourself in the city's musical heritage.
For enthusiasts, Memphis has much to offer, from the National Civil Rights Museum and Memphis Zoo to the lush green spaces of Overton Park and the Memphis Botanic Garden, to the mighty Mississippi River. Of course, sports fans will love cheering on the Memphis Grizzlies (NBA) and the University of Memphis Tigers. At the same time, food lovers will revel in the city's renowned cuisine, including its famous barbecue and soul food.
With events such as the Memphis in May International Festival, the Beale Street Music Festival, and the World Championship Barbecue Cooking Contest, Memphis is a city that offers a diverse and exciting calendar of events year-round. So get ready to live your best life in Memphis.
Memphis, TN
As of April 2025, Memphis's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Memphis's average rent is 21.3% ($349) lower than the Tennessee average of $1,636 and 28.5% ($512) lower than the U.S. average of $1,799.
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $883 | 16.1% ($169) | 4.5% ($42) |
| 2 Beds | $1,088 | 9.5% ($114) | 3.1% ($33) |
| 3 Beds | $1,547 | 5.7% ($83) | 5.5% ($81) |
| Nearby Cities | Average Rent | Avg. Rent vs. MemphisAverage Rent vs. Memphis | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Germantown | $1,286 | 0.1% ($1) | 39 days |
| West Memphis | $759 | 41% ($528) | 35 days |
| Marion | $683 | 46.9% ($604) | 34 days |
| Southaven | $1,576 | 22.5% ($289) | 30 days |
| Cordova | $1,883 | 46.3% ($596) | 30 days |
Explore rental prices, market trends, and availability in Memphis, TN.
