Apartments for rent in Memphis, TN have an average price of $1,353 per month.
3 Bedroom Apartments for Rent in Memphis, TN
Rental prices in Memphis, TN have increased by 0.7% over the past year. The average rent moved from $1,344 to $1,353.
Compared to the average rent in the U.S. of $1,741, the rent in Memphis, TN is $1,353 per month.
Apartments for rent in Memphis, TN have an average price of $1,353 per month.
About 24% of apartments in Memphis, TN have rents ranging between $1,501-$2,000. The most common rent value is the $2,001-$2,500 price range, 5% of apartments. Around 46% of Memphis’s apartments are in the $1,001-$1,500 price range. 24% of apartments are priced ≤ $1000. A share of 2% of apartment rentals in Memphis are in the $2,501-$3,000 range.
The largest share of rentals in Memphis, TN (46%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
There are 287 3 bedroom rentals available on RentCafe. Prices and availability in Memphis, TN were last updated on 26 Feb 2026.
The average Memphis, TN 3 bedroom apartment size is 1,487 sq. ft.
Renting a 3 bedroom apartment offers extra space compared to a 2 bedroom apartment, suited for a family or for sharing it with someone else.
A 3 bedroom apartment is more expensive than smaller units and it usually comes with higher utility costs.

Memphis, TN, known for its vibrant music scene and legendary barbecues, is a city that's rich in culture and history. Renting in Memphis offers an array of rental housing options, from charming downtown lofts to spacious three-bedroom apartments in the suburbs. Here, the local law safeguards the rights of renters, guaranteeing a safe and peaceful apartment living experience.
Memphis is more than just a city; it's a lifestyle. As a renter, you can bask in the vibrant live music scene, particularly blues, jazz, and rock 'n' roll. Visit the legendary Sun Studio, or enjoy an evening stroll along the Mississippi River. For families, the Memphis Zoo and the Children's Museum of Memphis offer endless entertainment.
When it comes to rental apartments, three-bedroom units in Memphis stand out. They're perfect for families, groups of friends renting a place together, or anyone needing extra space in their rental home. These rental apartments are preferred for their roomy interiors and the convenience they offer.
Most three-bedroom apartments for rent in Memphis come with a host of amenities. These include spacious closets, modern kitchens, private balconies or patios, and access to fitness centers, swimming pools, and pet-friendly spaces. Some apartment communities even offer added perks like car care centers and children's playgrounds.
Popular neighborhoods for finding three-bedroom apartments for rent in Memphis include Midtown, East Memphis, and Germantown. These areas are home to an array of attractions. For example, Midtown is known for Overton Park and its artistic vibe, while East Memphis boasts the sprawling Shelby Farms Park. Germantown is popular among renters for its shopping and fine dining options.
Nearby, renters will find a plethora of dining, shopping, and entertainment options. Memphis' food scene is a delightful mix of southern comfort food and international cuisine, while shopping ranges from vintage thrift stores to upscale boutiques.
If you're looking for three-bedroom apartments in Memphis, TN, you can use RentCafe.com to find the ideal place for you. You can filter your search by location, amenities, price and more. You can also view photos and floor plans and read reviews of different properties.