Memphis, TN apartments for rent
1,650 apartments for rent in Memphis, TN, from 125 communities.
Wesley Graceland Gardens
1430 Graceland Pines, Memphis, TN, 38116
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Legends Park West, L.P. (0553)
198 North Pauline, Memphis, TN, 38105
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156 Windover Road - MAGNOLIA GARDENS
156 Windover Road, Memphis, TN, 38111
3053 St Cloud Pl, Unit 50
3053 St Cloud Pl, Memphis, TN, 38127
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Average rent in Memphis
In Memphis, the average rent is $1,147 per month, with the average rental size around 923 square feet. Most renters here pay under $1,000, making it the most common rent bracket in the area.
- Under $1,000
- 45.3%
- $1,001 - $1,500
- 38.6%
- $1,501 - $2,000
- 13.4%
- $2,001 - $2,500
- 1.9%
- $2,501 - $3,000
- 0.5%
- Over $3,000
- 0.2%
Average utility cost in Tennessee
In Tennessee, renters typically spend around $419 per month on utilities, with costs ranging from $35 for internet to $140 for electricity, depending on factors like home size, season, and usage.
$140
$61
$38
$81
$64
$35
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Renter’s City Guide to Memphis
Introduction
The city of Memphis is known for its strong culture and history and is rated among the top cities in the country for live music, especially blues. Aretha Franklin, Johnny Cash, Elvis Presley and other major music stars all started their careers in the city. The fantastic arts and food scenes should also be noted. Memphis is also ranked among the best cities to start a business. The first Holiday Inn and Piggly Wiggly are some large companies that were launched in the city.
How big is Memphis?
Memphis is the largest city in Tennessee when it comes to population. However, the city is 60% smaller than Nashville in size. Memphis is also nearly three times larger than Atlanta, with a total size of 324 square miles.
How far is Memphis from other cities?
Nashville (located 210 miles away) and Atlanta (situated 383 miles away) are some of the largest nearby cities that can be accessed by car.
What is the weather like in Memphis?
The city’s climate is categorized as humid subtropical. It features very humid and very warm summers with average temperatures hovering at around 83°F. Naturally, it can get much hotter than the average at times. Winter months experience snowfall and boast an average temp of 41°F.
What are the advantages of living in Memphis?
The strong tourism industry, rich culture, fantastic food and great music are some of the city’s finest assets. It’s ideal for anyone interested in munching on ribs and listening to live blues music.
Expenses & Housing Stats
How much does a meal cost in Memphis?
A three-course meal for two in a mid-range restaurant is priced at $40, on average.
How much does public transportation cost in Memphis?
Local bus fares cost $1.75 one-way, with discounts available for students, seniors and disabled individuals. A monthly pass costs $50.
How much do utilities cost in Memphis?
Basic utilities for a 915-square-foot home cost $141.69, on average, which is below the national average of $159.72.
Memphis Housing Statistics
- 52,530 Single-family detached homes
- 8,157 Attached homes or townhouses
- 92,711 Apartments, ranging from smaller complexes with 2-4 apartments (20,288) to larger communities with 10 or more apartments (31,796)
Among all the available rental units in Memphis, 45% are houses for rent (either detached or attached), and 55% are apartments.
Jobs & Education
Where to work in Memphis?
Tourism is one of the most important industries in the city because so many people flock to Memphis for its culture and history. This is followed closely by manufacturing, service and agribusiness. FedEx, AutoZone, International Paper and Ducks Unlimited are some of the largest employers in the city.
What are the top colleges in Memphis?
The University of Memphis is one of the finest institutions of higher education in the city, offering programs in law, science, fine arts and many more. Rhodes College is one of the top liberal colleges in the country, while Southwest Tennessee Community College offers more affordable and shorter degrees.
Memphis Employment Statistics
| Y-o-Y Change | ||
| White Collar | 200,355 | -2.1% |
| Blue Collar | 79,377 | -1.3% |
| Y-o-Y Change | ||
| Self Employees | 22,174 | 0.7% |
| Private Companies | 196,034 | -2.9% |
| Governmental Workers | 36,549 | 3.3% |
| Not for Profit Companies | 24,975 | -3.2% |
Memphis Education Statistics
Memphis Household Statistics
Lifestyle & Renting Tips
The mile-long Beale Street is one of the city’s top attractions. It serves as a hub for music, food and nightlife, and features tons of restaurants and venues to enjoy. Graceland — the former home of Elvis Presley — is a favorite amongst tourists and a prime spot to learn about his life and the history of music. The iconic Sun Studio — where the first rock ’n’ roll single was recorded in 1951 — was frequented by stars such as Johnny Cash, B.B. King, Howlin’ Wolf and Elvis Presley, and is another one of Memphis’ main attractions.
What music events are there in Memphis?
Memphis in May is the most iconic festival hosted in the city, boasting an entire month of events and treating crowds to different types of music each week.
What cultural attractions are there in Memphis?
If you’d like to learn more about Memphis’ rich music history, then the Memphis Rock ‘n’ Soul Museum should definitely be on your list. The National Civil Rights Museum — located at the Lorraine Motel where Martin Luther King was tragically shot and killed in 1968 — is another must-see.
What family attractions are there in Memphis?
The Memphis Zoo, with its lions, tigers and bears, is one of the most popular family attractions of the city. Mississippi Greenbelt Park, Overton Park and the banks of the Mississippi River are other fantastic places to enjoy a walk or a picnic.
What sports teams are there in Memphis?
The Memphis Grizzlies pro basketball team; the University of Memphis Tigers basketball and football teams; and the Memphis Redbirds minor league baseball team are the most famous sports teams in the city.
Where to shop in Memphis?
Wolfchase Galleria is one of the best shopping centers in Memphis.
What to know about renting in Memphis?
According to Tennessee rental laws, if you’re served an eviction notice, you have a total of 14 days to fix the problem. Otherwise, you’re given 16 days to move out. If your landlord fails to hold up their end of the bargain and doesn’t complete the required repairs, then tenants are able to withhold a portion of their rent. If you’re more than five days late with your rent, the landlord can charge a late fee, which must be less than 10% of your total rent and can’t be assessed on a Sunday.