Memphis, Tennessee is a vibrant and affordable city with a growing rental market. Located in the southwest corner of the state, the city of Memphis is the largest in Tennessee and is home to over 650,000 people. The city has a rich cultural heritage and a reputation for being a great place to rent.
The Memphis rental market is diverse and affordable, with plenty of good options for both renters and landlords. The average rent for a one-bedroom apartment in Memphis is around $800 a month, while two-bedroom apartments average around $900. The city also offers a variety of housing types, including single-family homes, townhouses, duplexes, and condos.
The cost of living in Memphis is below the national average, making it an attractive option for renters. The city also has a variety of neighborhoods to choose from. Downtown Memphis is the heart of the city, with plenty of restaurants, shops, and entertainment. Midtown is a great area for those who want to be close to all the action, while East Memphis is a more suburban area with a lot of green space.
When it comes to education, Memphis has a number of excellent schools. The Shelby County School District is one of the largest in
The average rental prices for apartments, townhouses, condos, lofts, and single family homes in Memphis, TN are as follows:
Apartments: $1,039
Townhouses: $1,275
Condos: $1,126
Lofts: $1,504
Single Family Homes: $1,361
According to data from Zillow, rental prices in Memphis, TN have increased steadily over the last 5 years, with an average growth of 5.1% per year. In April 2015, the median rent in Memphis was $816. As of April 2020, the median rent in Memphis is $1,091, an increase of 33.6% from 5 years prior.
The median rental price for 1-bedroom apartments in Memphis, TN is $850. The median rental price for 2-bedroom apartments in Memphis, TN is $1,050. The median rental price for 3-bedroom apartments in Memphis, TN is $1,250.
School districts in Memphis, TN are typically rated lower than the rest of the United States when it comes to quality of education, but it is important to note that there is a great deal of variation within the city. In recent years, the Memphis City School District has taken great strides to improve its academic outcomes, including improved test scores and graduation rates. However, the district still lags behind the United States in terms of overall academic performance. Additionally, the district has some of the highest poverty rates in the country, which can significantly impact the quality of education a student receives.
1. Midtown
2. Downtown
3. Cooper-Young
4. East Memphis
5. Mud Island/Harbor Town
1. East Memphis
2. Harbor Town
3. Germantown
4. Downtown
5. Cordova