How Much Does Rent Prices Cost in Memphis, TN?
Average rent for a 1-bedroom apartment. Updated March 2026 with data from BLS, U.S. Census Bureau, and industry surveys.
Typical Cost Range
$820 – $2.460
-18% vs national average
$820$1.640$2.460
LowNational avg: $2.000High
Memphis vs State & National Average
| Category | Memphis | Tennessee Avg | National Avg |
|---|---|---|---|
| Average cost | $1.640 | $1.658 | $2.000 |
| Low estimate | $820 | $1.244 | $1.500 |
| High estimate | $2.460 | $2.155 | $2.600 |
Detailed Cost Breakdown
| Item | Low | High | |
|---|---|---|---|
| Low estimate | $1.000 | $1.200 | |
| Average | $1.800 | $2.200 | |
| High estimate | $2.400 | $3.000 |
Rent Prices in Nearby Cities
Frequently Asked Questions
How much does rent prices cost in Memphis?
In Memphis, TN, rent prices typically costs between $820 and $2.460. The average is $1.640, which is 18% below the national average.
Is Memphis expensive for rent prices?
Memphis has a cost-of-living index of 82 (100 = national average). Rent Prices costs are 18% lower than the national average of $2.000.
What factors affect rent prices costs in Memphis?
Key factors include local labor costs, cost of materials, market competition, Tennessee state regulations, and Memphis's overall cost of living (index: 82/100). Prices can also vary by season and specific requirements.