$1,150
Average Rent
$1,000
Median Rent
+3.5%
Year-over-Year Growth
9.2%
Vacancy Rate
About Memphis, TN
Memphis offers a rich cultural heritage and some of the highest potential rental yields in the South.
Popular Neighborhoods in Memphis
Midtown
$1,300/moHistoric heart of the city with a vibrant arts scene.
Downtown
$1,600/moDeveloping urban center near the Mississippi River.
Germantown
$1,550/moPremier suburban area with top-tier schools.
Memphis Rental Market Insights
Major global logistics hub (FedEx HQ) ensuring job stability.
Medical district expansion is driving local rental interest.
Low entry prices make it a favorite for rental real estate investors.
Frequently Asked Questions
Is rent low in Memphis?
Yes, it offers significant space for the dollar.