Cordova, Memphis, TN Rental Market Trends
Last updated: February 25, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Cordova is $1,321, a 0.48% decrease compared to the previous year, when the average rent was $1,327.
One-bedroom apartments provide 787 square feet for $1,170, balancing privacy and affordability.
Two-beedroom units at $1,367 offer 1,090 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,322 sq ft) for $1,633, suitable for larger households.
Average rent in Cordova, Memphis, TN
Last updated: February 25, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,321 | 1,003 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,170 | 787 sq. ft. |
| 2 Beds | $1,367 | 1,090 sq. ft. |
| 3 Beds | $1,633 | 1,322 sq. ft. |
Cordova, Memphis, TN rent trends
Rental prices in Cordova, Memphis, TN have decreased by 0.48% over the past year. The average rent moved from $1,327 to $1,321.
What's the typical rent budget in Cordova, Memphis, TN?
The largest share of rentals in Cordova, Memphis, TN (66%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Cordova, Memphis, TN?
7,800 or 38% of the households in Cordova, Memphis, TN are renter-occupied while 12,531 or 62% are owner-occupied.
Most affordable neighborhoods in Cordova?
University Area $708/month
Orange Mound $728/month
Frayser $760/month
All of these neighborhoods fall below the city wide average of $1,134/month.Most expensive neighborhoods in Cordova?
Mud Island $1,535/month
Binghampton $1,551/month
Normal Station $1,649/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Memphis, TN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Normal Station | $1,649 |
| Binghampton | $1,551 |
| Mud Island | $1,535 |
| Central Gardens | $1,515 |
| South Riverdale | $1,503 |
| Windyke - Southwind | $1,465 |
| Chickasaw Gardens | $1,464 |
| Med District | $1,424 |
| Downtown Memphis | $1,405 |
| River Oaks | $1,380 |
| Brennan | $1,365 |
| Uptown Memphis | $1,363 |
| Cordova | $1,321 |
| Lenox | $1,187 |
| Midtown Memphis | $1,159 |
| New Chicago | $1,157 |
| Bal - Moral | $1,135 |
| Riverside | $1,072 |
| Shelby Farms Park | $1,045 |
| Colonial | $1,035 |
| Hickory Hill | $1,024 |
| Galloway | $1,013 |
| Southside Memphis | $978 |
| Meadow Brook | $975 |
| Sherwood Forest | $932 |
| Fox Meadows | $929 |
| Raleigh | $914 |
| Oakville | $912 |
| O'brien | $895 |
| Berclair | $892 |
| Parkway Village | $891 |
| Chickasaw Oaks | $835 |
| Whitehaven | $813 |
| Oakhaven | $799 |
| Alcy - Dunn | $780 |
| Bethel Grove | $776 |
| Frayser | $760 |
| Orange Mound | $728 |
| University Area | $708 |
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Memphis | Rent Comparison by Neighborhood
Rent in Cordova is 69% higher than in Alcy - Dunn
$1,321
Cordova rent is the same as Memphis average
Average Rent
$1,321
$780
Alcy - Dunn rent is 41% lower than Memphis average
Average Rent
$780
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Cordova apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.