As of November 2024 the median rental rate in Memphis is $1,243 which is $281 (18%) less than the median of $1,524 for Shelby County, $113 (8%) less than the median of $1,356 for Tennessee and $354 (22%) less than the median of $1,597 for the United States.
Median | 1 Bed | 2 Beds | 3 Beds | |
---|---|---|---|---|
Memphis | $1,243 | $1,060 | $1,170 | $1,499 |
Shelby County | $1,524 | $1,211 | $1,475 | $1,885 |
Tennessee | $1,356 | $1,041 | $1,309 | $1,717 |
United States | $1,597 | $1,236 | $1,565 | $1,989 |