| 1 BED | Ask for Pricing |
| 2 BEDS | $1,693+ |
| 3 BEDS | Ask for Pricing |
| 4 BEDS | Ask for Pricing |
| STUDIO | Ask for Pricing |
| 1 BED | $800 |
| 2 BEDS | $1,200 |
Rental prices in Colonial, Memphis, TN have decreased by 13.25% over the past year. The average rent moved from $1,193 to $1,035.
Check out the average rent in Memphis.
The national average price of rental apartments is $1,741, while the average monthly rent in Colonial, Memphis, TN is $1,035.
The average monthly rent for an apartment in Colonial, Memphis, TN is around $1,035.
A share of 37% of apartments in Colonial, Memphis, TN have the cheapest rents between ≤ $1000. Around 63% of Colonial's apartments have monthly rents between $1,001-$1,500.
The largest share of rentals in Colonial, Memphis, TN (63%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Prices and availability in Colonial, Memphis, TN were last updated on 23 Feb 2026.
The best apartments in Colonial, Memphis, TN are: 1756 DORRIE LN, 1695 MYRNA LN, 1515 Mt. Moriah Road Memphis, TN 38117 and 4695 Quince Rd Memphis, TN 38117.
The average rent in Colonial, Memphis, TN is $978.
The price range for a 3-bedroom apartment in Colonial, Memphis, TN is between $1,365 and $1,400.
In Colonial, 33% of the residents are renting compared to 67% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 9% of Colonial's rentals, 41% are small-scale complexes with under 50 units, and 49% are single-family rentals.
In total, Colonial, Memphis, TN has 7,221 residents, 3,832 women and 3,389 men, per U.S. Census recent estimates. Statistics show that the median age of Colonial’s population is 34.
There is a total of 3,129 households in Colonial, Memphis, TN. Of these, 857 have children and 2,272 are without children. Per Census Bureau’s most current estimates, 1,809 family households and 1,319 non-family households live in this area. The size of a household in Colonial is 1.9 people, on average. The median household annual income in Colonial equals $68,310, and the monthly housing costs equal $1,268.
According to data from the U.S. Census Bureau, 2% of the population in Colonial, Memphis, TN have no high school education, 25% went to high-school, and 18% have partially completed college. Moreover, 4% of the population hold an Associate Degree, 29% hold a Bachelor Degree, and 21% hold a Graduate Degree.
RentCafe is your one-stop shop for finding a great new apartment in Colonial, Memphis, TN. Easily search through a wide selection of apartments for rent in Colonial, Memphis, TN, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you're interested in. Browse Colonial, Memphis, TN apartments with rents starting from $800 and submit your rental application today!
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