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3 Bedroom Apartments for Rent in Raleigh, Memphis, TN

31 Rentals Available
3 Bedroom Apartments for Rent in Raleigh, Memphis, TN. 31 Rentals Available
  • Today

    4787 Garden Grove Cove, Memphis, TN 38128
    3 BEDS Ask for Pricing
  • Today

    5006 Cobalt Cove, Memphis, TN 38128
    3 BEDS Ask for Pricing
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    3530 Naylor Dr, Memphis, TN 38128
    3 BEDS $1,025
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    4255 Emerson Cv, Memphis, TN 38128
    3 BEDS $1,095
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    3853 Kerwood Ave, Memphis, TN 38128
    3 BEDS $1,250
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  • Today

    4981 Hidden Lake Drive, Memphis, TN 38128
    3 BEDS $1,112+
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    4348 Manor Haven Dr, Memphis, TN 38128
    3 BEDS $1,365
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    3545 Voltaire Ave, Memphis, TN 38128
    3 BEDS $1,090
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    3587 Kipling Ave, Memphis, TN 38128
    3 BEDS $1,250
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    3663 LYNCHBURG ST, Memphis, TN 38135
    3 BEDS Ask for Pricing
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    4037 HALIBURTON ST, Memphis, TN 38128
    3 BEDS Ask for Pricing
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    4014 Stowe St, Memphis, TN 38128
    3 BEDS Ask for Pricing
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    3369 Joslyn St, Memphis, TN 38128
    3 BEDS Ask for Pricing
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    3325 NORTHMOOR AVE, Memphis, TN 38128
    3 BEDS Ask for Pricing
  • Today

    3320 LESCHALLAS DR, MEMPHIS, TN 38128
    3 BEDS Ask for Pricing
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    3577 N Old Brownsville, Memphis, TN 38135
    3 BEDS $1,605
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    3324 Lynchburg St, Memphis, TN 38134
    3 BEDS $1,610
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    2990 East Street, Memphis, TN 38128
    3 BEDS $1,405
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    5096 Country View, Bartlett, TN 38134
    3 BEDS $1,500
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    3349 Lynchburg Street, Memphis, TN 38134
    3 BEDS $1,425
  • Today

    4302 Creekwood Drive, Memphis, TN 38128
    Income Restricted
    3 BEDS Ask for Pricing
  • More Rentals Near Raleigh, Memphis, TN

  • Today

    4383 Grand Pyramid, Memphis, TN 38128
    3 BEDS $1,525
  • Today

    4539 Longtree Ave, Memphis, TN 38128
    3 BEDS Ask for Pricing
  • Today

    5539 Lacey Cove, Memphis, TN 38135
    3 BEDS $1,590
  • Today

    2165 E. River Trace Dr., Memphis, TN 38134
    3 BEDS $1,450+
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Raleigh, Memphis, TN rent trends

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.

Average rent in Raleigh, Memphis, TN

$1,136/mo Raleigh, Memphis, TN average rental price, January 2026
Image Average Rent

The average monthly rent for an apartment in Raleigh, Memphis, TN is around $1,136.

    What's the typical rent budget in Raleigh, Memphis, TN?

    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.

    Getting around in Raleigh, TN

    45 /100
    Car-Dependent
    31 /100
    Some Transit
    33 /100
    Somewhat Bikeable
    Walk Score®: 45, Transit Score®: 31, Bike Score®: 33

    Frequently asked questions

    What is the price of a 3 bedroom apartment in Raleigh, Memphis, TN?

    How many 3 bedroom apartments for rent are available in Raleigh, Memphis, TN on RentCafe?

    There are 22 3 bedroom rentals available on RentCafe. Prices and availability in Raleigh, Memphis, TN were last updated on 27 Feb 2026.

    What is the average size of a 3 bedroom apartment in Raleigh, Memphis, TN?

    The average Raleigh, Memphis, TN 3 bedroom apartment size is 1,578 sq. ft.

    What are the advantages of renting a 3 bedroom apartment in Raleigh, Memphis, TN?

    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.

    What are the downsides of renting a 3 bedroom apartment in Raleigh, Memphis, TN?

    A 3 bedroom apartment is more expensive than smaller units and it usually comes with higher utility costs.

    Raleigh, Memphis, TN demographics

    • 35,507Total Population
    • 18,711 Female
      16,796 Male
    • 31Median Age

    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.

    Raleigh, Memphis, TN households

    • 8,017 Family
      4,839 Non-family
    • 4,662 Children
      8,194 No Children
    • 12,856Total Number of Households
    • 1.93Average People Per Household
    • $45,456Median Household Income

    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.

    Raleigh, Memphis, TN education statistics

    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.