← Rent by cityTypical monthly rent in Memphis, TN, over the past three years
Rent in Memphis, TN
Data as of August 2026 · Zillow Observed Rent Index
Typical rent
$1,232
1-year change
+1.3%
3-year change
+6.6%
Metro, 1-year change
+1.0%
Rents in Memphis rose +1.3%, slower than the US overall (+2.5%). An increase much above +1.3% is worth questioning.
Typical rent in Memphis, past 3 years
All unit sizes, monthly
Show as a table
| Month | Typical rent |
|---|---|
| Aug 2026 | $1,232 |
| Jul 2026 | $1,234 |
| Jun 2026 | $1,227 |
| May 2026 | $1,222 |
| Apr 2026 | $1,211 |
| Mar 2026 | $1,213 |
| Feb 2026 | $1,212 |
| Jan 2026 | $1,216 |
| Dec 2025 | $1,217 |
| Nov 2025 | $1,216 |
| Oct 2025 | $1,216 |
| Sep 2025 | $1,214 |
| Aug 2025 | $1,217 |
| Jul 2025 | $1,216 |
| Jun 2025 | $1,219 |
| May 2025 | $1,215 |
| Apr 2025 | $1,211 |
| Mar 2025 | $1,204 |
| Feb 2025 | $1,198 |
| Jan 2025 | $1,195 |
| Dec 2024 | $1,196 |
| Nov 2024 | $1,200 |
| Oct 2024 | $1,201 |
| Sep 2024 | $1,202 |
| Aug 2024 | $1,203 |
| Jul 2024 | $1,203 |
| Jun 2024 | $1,199 |
| May 2024 | $1,192 |
| Apr 2024 | $1,181 |
| Mar 2024 | $1,180 |
| Feb 2024 | $1,172 |
| Jan 2024 | $1,167 |
| Dec 2023 | $1,156 |
| Nov 2023 | $1,151 |
| Oct 2023 | $1,152 |
| Sep 2023 | $1,152 |
| Aug 2023 | $1,156 |
Estimated typical rent by size
| Studio | $1,050 |
| 1 bedroom | $1,130 |
| 2 bedrooms | $1,180 |
| 3 bedrooms | $1,370 |
| 4+ bedrooms | $1,570 |
City typical rent × TN bedroom ratios from the Census American Community Survey. Rough guide only.
Check your own increase
ZIP-level trends can differ a lot from the city average.
By ZIP code
| ZIP | Typical rent | 1-year change |
|---|---|---|
| 38103 | $1,533 | +0.2% |
| 38104 | $1,285 | +2.3% |
| 38105 | $1,164 | – |
| 38106 | $870 | +3.1% |
| 38107 | $1,151 | +2.1% |
| 38108 | $1,103 | +8.7% |
| 38109 | $1,162 | +2.5% |
| 38111 | $1,284 | +1.9% |
| 38112 | $1,241 | +0.9% |
| 38114 | $894 | +1.1% |
| 38115 | $1,012 | +0.4% |
| 38116 | $924 | +1.0% |
| 38117 | $1,483 | +2.4% |
| 38118 | $1,148 | +0.8% |
| 38119 | $1,519 | −2.0% |
| 38120 | $1,518 | +0.1% |
| 38122 | $1,089 | −0.7% |
| 38125 | $1,511 | +2.0% |
| 38127 | $1,101 | +4.0% |
| 38128 | $1,186 | +1.3% |
| 38141 | $1,604 | +3.2% |
Negotiating a renewal in Memphis
- Check your own ZIP, not just the city: in Memphis, ZIP-level changes over the past year range from −2.0% to +8.7%.
- Start 60–90 days before your lease ends, before you're short on time to look elsewhere.
- Lead with wanting to stay, then the numbers: your increase next to the local trend, with the source named.
- Name a specific number, and offer something in return, like a longer lease, if you can.
- Get any agreement in writing before you sign the renewal.