| 1 BED | $642+ |
| 2 BEDS | $915+ |
| 3 BEDS | $1,112+ |
| 2 BEDS | Ask for pricing |
| 3 BEDS | Ask for pricing |
| 4 BEDS | Ask for pricing |
| 1 BED | $1,399+ |
| 2 BEDS | $1,600+ |
| 3 BEDS | $1,879+ |
| 1 BED | $888+ |
| 2 BEDS | $1,002+ |
| 3 BEDS | $1,450+ |
| 1 BED | $1,547+ |
| 2 BEDS | $1,615+ |
| 3 BEDS | $1,999+ |
| 1 BED | $1,219+ |
| 2 BEDS | $1,359+ |
| 3 BEDS | $1,529+ |
| STUDIO | $1,134 |
| 1 BED | $1,278+ |
| 2 BEDS | $1,981+ |
| 1 BED | $1,307+ |
| 2 BEDS | $1,427+ |
| 3 BEDS | $1,786+ |
| 1 BED | $1,290+ |
| 2 BEDS | $1,345+ |
| 3 BEDS | $1,840+ |
Rental prices in Raleigh, Memphis, TN have decreased by 1.22% over the past year. The average rent moved from $901 to $890.
Check out the average rent in Memphis.
The national average price of rental apartments is $1,750, while the average monthly rent in Raleigh, Memphis, TN is $890.
The average monthly rent for an apartment in Raleigh, Memphis, TN is around $890.
A share of 86% of apartments in Raleigh, Memphis, TN have the cheapest rents between ≤ $1000. Around 13% of Raleigh's apartments have monthly rents between $1,001-$1,500.
The largest share of rentals in Raleigh, Memphis, TN (86%) fall between - per month. This suggests that most people succesfully find suitable apartments within this price.
The price range for a luxury apartment in Raleigh, Memphis, TN is between $645 and $1,985.
There are 36 luxury rentals available on RentCafe. Prices and availability in Raleigh, Memphis, TN were last updated on 10 Apr 2026.
The average Raleigh, Memphis, TN luxury apartment size is 1,628 sq. ft.
Renting a luxury apartment in Raleigh, Memphis, TN comes with many amenities, more space and central locations.
Luxury apartments tend to be more expensive and have higher utility bills.
In total, Raleigh, Memphis, TN has 34,787 residents, 18,123 women and 16,663 men, per U.S. Census recent estimates. Statistics show that the median age of Raleigh’s population is 31.5.
There is a total of 12,762 households in Raleigh, Memphis, TN. Of these, 4,809 have children and 7,953 are without children. Per Census Bureau’s most current estimates, 8,201 family households and 4,561 non-family households live in this area. The size of a household in Raleigh is 2.57 people, on average. The median household annual income in Raleigh equals $48,710, and the monthly housing costs equal $1,126.
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 25% have partially completed college. Moreover, 8% of the population hold an Associate Degree, 10% hold a Bachelor Degree, and 5% hold a Graduate Degree.
If you want to exercise at home, in your own fitness room, sip Mojitos by a heated indoor pool or find delight in the modern allure of your living room, a luxury apartment is a must-have. The 25 upscale buildings in Raleigh, Memphis, TN offer the best 141 apartments in terms of luxury, comfort and elegance. An exquisitely furnished home epitomizes relaxation and style, and the good news is that you can choose from a large variety of top-notch listings. Whether you’re single and looking for luxury studio apartments or a family guy searching for luxury townhomes, we cover it all. If you feel like you need more space than before, many apartment complexes offer large apartments above 1,438 Sqft, which is the average apartment size in this area.
Even though the value of a luxury property lies in its quality, comparable value and rarity, location is the pivotal element in choosing a rental. Every affluent renter dreams about having a luxury apartment that offers high-class amenities, but also gorgeous surroundings, without spending a fortune. In Raleigh, Memphis, TN, prices for luxury apartments vary from as high as $3,666 down to $642 per month, including many cheap luxury apartments. Depending on how much money you are willing to spend on a monthly rent, customize your search by using filters at the top menu to select a maximum and a minimum rent price. High rise apartments are not only the most affordable luxury rentals, but also give you access to amazing amenities such as concierge services, dry-cleaning services, professional-grade sports courts, resident social events, and beautifully landscaped outdoor gardens.
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