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Rental prices in Raleigh, Memphis, TN have increased by 3.35% over the past year. The average rent moved from $1,100 to $1,136.
The national average price of rental apartments is $1,741, while the average monthly rent in Raleigh, Memphis, TN is $1,136.
The average monthly rent for an apartment in Raleigh, Memphis, TN is around $1,136.
A share of 34% of apartments in Raleigh, Memphis, TN have the cheapest rents between ≤ $1000. Around 60% of Raleigh's apartments have monthly rents between $1,001-$1,500. There are 6% of apartments with rents between $1,501-$2,000.
The largest share of rentals in Raleigh, Memphis, TN (60%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
There are 22 3 bedroom rentals available on RentCafe. Prices and availability in Raleigh, Memphis, TN were last updated on 27 Feb 2026.
The average Raleigh, Memphis, TN 3 bedroom apartment size is 1,578 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.
In total, Raleigh, Memphis, TN has 35,507 residents, 18,711 women and 16,796 men, per U.S. Census recent estimates. Statistics show that the median age of Raleigh’s population is 31.
There is a total of 12,856 households in Raleigh, Memphis, TN. Of these, 4,662 have children and 8,194 are without children. Per Census Bureau’s most current estimates, 8,017 family households and 4,839 non-family households live in this area. The size of a household in Raleigh is 1.93 people, on average. The median household annual income in Raleigh equals $45,456, and the monthly housing costs equal $1,106.
According to data from the U.S. Census Bureau, 5% of the population in Raleigh, Memphis, TN have no high school education, 48% went to high-school, and 24% have partially completed college. Moreover, 8% of the population hold an Associate Degree, 10% hold a Bachelor Degree, and 5% hold a Graduate Degree.
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