Monthly apartment rent and rental growth in Memphis, TN, 2018-2023
The median rent for one- and two-bedroom apartments in Memphis, Tennessee, amounted to about 1,083 U.S. dollars by the end of 2023. Rents have increased steadily during the observation period and as of December 2023, the annual rental growth fell by 0.51 percent. Among the different states in the U.S., Tennessee ranks asĀ one of the less expensive rental markets.