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Memphis Standard

Friday, November 8, 2024

Memphis 1-bedroom rent remains stable in April

Re 13

Rental prices for 1-bedroom units in Memphis remained stable in April compared to the previous month, according to Zumper.

The average price for a 1-bedroom in Memphis was $760, representing a 0.0 percent increase over the previous year.

According to RealPage, May of 2020 saw the first year over year decline in asking rents since 2010. While in September of 2020, the average home price on Realtor.com was over $350,000, up over 10 percent from the previous year according to Norada.

Single Bedroom Pricing
City NameMedian PriceMonthly Change %Annual Change %
Memphis$76004.1

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