Homes for Rent in Shelby County, TN

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What to Know About

Life in Shelby County & Beyond

Shelby County shares many of the great qualities that make Tennessee a desirable place to live.

Tennessee is known for its dazzling natural beauty, rich history, and vibrant culture. With its rolling hills, majestic mountains, and sparkling waterways, Tennessee has something for everyone from the Great Smoky Mountains National Park, the Memphis Zoo, the Country Music Hall of Fame, and the Jack Daniel's Distillery. Tennessee is also home to respected institutions such as Vanderbilt University and the University of Tennessee. In addition, Tennessee's economy is also thriving, driven by a mix of industries, including healthcare, finance, and manufacturing.

For adventure seekers, there is plenty to do in Tennessee, from fishing in the Tennessee River to hiking in the Smoky Mountains. Sports fans can cheer on the Tennessee Titans (NFL), Nashville Predators (NHL), and Memphis Grizzlies (NBA). Discover and indulge in famous attractions like the Ryman Auditorium, the Parthenon, and Graceland. The state is also known for its rich music history, including blues, country, and rock-and-roll, and there is a thriving theater and arts scene in cities like Nashville and Memphis.

Its high quality of life, strong economy, and friendly community make Tennessee a great place to call home.

Rental Market Trends

Shelby County, TN

As of January 2026, Shelby County's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Shelby County's average rent is 12.4% ($175) lower than the Tennessee average of $1,406 and 30.0% ($528) lower than the U.S. average of $1,759.

Average Rent
$1,231
Monthly ChangeMonth Over Month Change
Decreased0.7% ($9)
Yearly ChangeYear Over Year Change
Decreased16.3% ($239)
Avg. Days on MarketAverage Days on Market
35
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $989 Decreased1.8% ($18) Decreased12.5% ($141)
2 Beds $1,188 Decreased0.5% ($6) Decreased6% ($76)
3 Beds $1,473 Decreased11.5% ($191) Decreased8.3% ($133)
Cities within Shelby County Average Rent Avg. Rent vs. ShelbyAverage Rent vs. Shelby County Avg. Days on MarketAverage Days on Market
Memphis $1,169 Decreased5% ($62) 36 days
Cordova $1,780 Increased44.6% ($549) 30 days
Arlington $1,522 Increased23.6% ($291) 28 days
Germantown $1,180 Decreased4.1% ($51) 39 days
Collierville $1,454 Increased18.1% ($223) 39 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Shelby County Rental Market FAQs

Explore rental prices, market trends, and availability in Shelby County, TN.

The average rent in Shelby County, TN is $1,231 per month.
Homes in Shelby County typically rent for between $692 and $1,915 per month, with an average of $1,231 per month.
In Shelby County, the average rent for a 1-bedroom home is $989 per month, for a 2-bedroom home, $1,188 per month, and a 3-bedroom home is $1,473 per month.
The average rent in Shelby County is 30% ($528) lower than the national average of $1,759 per month.
The average rent in Shelby County has decreased by 0.7% ($9) in the last month and decreased by 16.3% ($239) over the past year.
The rental market in Shelby County, TN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Shelby County, TN, the average rental stays on the market for approximately 35 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There is currently 1,536 rental property available in Shelby County, TN.
Based on the current averages, a household would need an annual income of $47,520 to comfortably afford a 2-bedroom home in Shelby County.
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