Apartments in Memphis, TN rent for $990 per month, on average.
Studio Apartments for Rent in Memphis, TN
Rental prices in Memphis, TN have increased by 1.39% over the past year. The average rent moved from $977 to $990.
The average monthly rent in Memphis, TN is around $990, while the national average rent is $1,741.
Apartments in Memphis, TN rent for $990 per month, on average.
53% of apartments in Memphis, TN are priced ≤ $1000. About 46% charge rents in the $1,001-$1,500 range. Approximately 1% of Memphis’s apartment rentals are priced between $1,501-$2,000.
The largest share of rentals in Memphis, TN (53%) fall between - per month. This suggests that most people succesfully find suitable apartments within this price.
There are 66 studio rentals available on RentCafe. Prices and availability in Memphis, TN were last updated on 22 Feb 2026.
The average Memphis, TN studio apartment size is 571 sq. ft.
Studio apartments in Memphis, TN tend to be more affordable than other apartments and they have lower utility costs.
One of the downsides of living in a studio apartment is the limited storage space.

Memphis, TN, is an enchanting city characterized by its rich history, vibrant music scene, and the allure of the Mississippi River. Living in Memphis is a dynamic experience with a medley of rental housing options catering to diverse lifestyles. The city has a range of options from standalone houses to high-rise apartment complexes, with studio apartments becoming an increasingly popular choice for renters.
Renters in Memphis enjoy an extensive set of rights. Tennessee state laws ensure protection against unfair eviction, allow security deposit return within a reasonable timeframe, and uphold property maintenance standards. This commitment to renter's rights significantly enhances the rental experience.
Memphis also features renowned attractions like Graceland, the former home of Elvis Presley, and the soul-stirring National Civil Rights Museum. Plus, renters often immerse themselves in live music at Beale Street, visit the unique shops of the Broad Avenue Arts District, or savor Memphis' world-famous barbecue.
Studio apartments are a go-to choice for many renters in Memphis, especially students, young professionals, and those who cherish minimalist living. The appeal lies in the affordability, manageable space, and inherent coziness that these units offer.
Most studio apartments in Memphis feature fully equipped kitchens, laundry facilities, and sometimes shared communal areas like gyms and pools. In addition, many apartment communities offer perks like security services, maintenance staff, and parking.
These rental apartments are scattered throughout the city, but areas like Downtown, Midtown, and East Memphis are particularly known for their studio offerings. Downtown Memphis offers renters the charm of historic buildings and easy access to the Mississippi River Park. Midtown, an arts hub, provides an eclectic mix of dining and shopping options. East Memphis stands out with its high-end retail outlets and lush parks.
If you're looking for studio apartments in Memphis, 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.