How much is rent in Memphis area, TN/AR?

The median 2-bedroom in Memphis area rents for $1,278 a month with utilities, $285 less than the US median. A 1-bedroom runs $1,064 and a 3-bedroom $1,503.

By Sol Lakein, founder of Slower Sundays. Updated November 2026.

$1,2782-bedroom¹US: $1,563
$1,0641-bedroom¹US: $1,362
$51,120Income for a 2-bed at 30%²A year
22%Share of typical income³For a 2-bedroom

Rent in Memphis area by number of bedrooms

Median rent, utilities included, next to the US median.¹

Studio$1,063/mo
Memphis area
$1,063
US
$1,365
Income to keep it at 30%: $42,520²
1 bedroom$1,064/mo
Memphis area
$1,064
US
$1,362
Income to keep it at 30%: $42,560²
2 bedrooms$1,278/mo
Memphis area
$1,278
US
$1,563
Income to keep it at 30%: $51,120²
3 bedrooms$1,503/mo
Memphis area
$1,503
US
$1,760
Income to keep it at 30%: $60,120²
4 bedrooms$1,795/mo
Memphis area
$1,795
US
$2,153
Income to keep it at 30%: $71,800²

Work out what rent you can afford · Full cost of living in Memphis area

Where rent costs less than Memphis area

18 of the cities we cover have a lower median 2-bedroom rent. The cheapest and the closest:¹

City	2-bedroom rent	Less than Memphis area
Paducah, KY	$886	$392/mo
Terre Haute, IN	$901	$377/mo
Muncie, IN	$919	$359/mo
Fort Wayne, IN	$1,216	$62/mo
Greensboro, NC	$1,218	$60/mo
Fayetteville, AR	$1,232	$46/mo

Rent in Memphis area: questions people ask

How much is rent in Memphis area?

Median rent with utilities, all units: $1,330 a month. By size: studio $1,063, 1 bedroom $1,064, 2 bedrooms $1,278, 3 bedrooms $1,503, 4 bedrooms $1,795 (Census ACS, 2025).

How much do you need to make to afford rent in Memphis area?

To keep a 2-bedroom at 30% of income, about $51,120 a year. For a 1-bedroom, $42,560.

What share of income goes to rent in Memphis area?

A year of median 2-bedroom rent equals 22% of the median household income of $70,884 (Census ACS, 2025).

Where is rent cheaper than Memphis area?

Of the cities we cover, Paducah, KY ($886), Terre Haute, IN ($901), Muncie, IN ($919) have the lowest median 2-bedroom rent.

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Notes on the numbers

1Rent: Census ACS 2025 1-year, table B25031, median gross rent by number of bedrooms (rent plus utilities the renter pays), 2025. Covers all renters, including long-time tenants, so new leases often cost more. $3,500+ is the highest figure the Census publishes. Census table
2Income to keep rent at 30%: a year of rent divided by 0.3, the common rule of thumb. Our arithmetic.
3Household income: Census ACS 2025 1-year, table B19013, median household income, 2025. Census table

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