Average rent in Memphis, TN
As of September 2026, the typical asking rent in the Memphis, TN metro area is $1,393 per month, up 1.1% from a year ago — 7% below the US metro average of $1,498.
Figures cover all property types — single-family, condo and apartment — at every bedroom count. The interactive map can break rents down by home type.
Average rent
$1,393
September 2026
Year over year
+1.1%
vs $1,378 a year ago
3-year change
+6.7%
from $1,305
Our forecast accuracy here
±0.9%
avg error on held-out data
Memphis, TN rent history
Observed market rent since November 2016, with the next 2 forecast months and their expected range.
Memphis, TN rent forecast
Our forecasting engine projects rents each month for every US metro with at least a year of observed data. The next 2 months for Memphis, TN are free below; the full 12-month outlook with confidence ranges is part of RentLens Pro.
| Month | Forecast rent | Expected range | MoM | YoY | Since Sep 2026 |
|---|---|---|---|---|---|
| October 2026 | $1,396 | $1,384–$1,406 | +0.2% | +1.4% | +0.2% |
| November 2026 | $1,400 | $1,382–$1,414 | +0.2% | +1.8% | +0.5% |
| Months 3–12 are available on the interactive forecast → see the full Memphis, TN forecast | |||||
Explore Memphis, TN on the live map
Interactive history, zip-level rents, and 12-month ML forecasts with explainability.
More Tennessee metros
Rent figures are smoothed median asking rents (Zillow Observed Rent Index) for the Memphis, TN metro area, updated monthly. Forecasts are produced by RentLens's proprietary ML models; “forecast accuracy” is this metro's average prediction error on held-out historical data.