Frayser, Memphis, TN Rental Market Trends
Last updated: April 11, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Frayser is $771, a 2.33% decrease compared to the previous year, when the average rent was $790.
One-bedroom apartments provide 619 square feet for $610, balancing privacy and affordability.
Two-beedroom units at $820 offer 864 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,021 sq ft) for $894, suitable for larger households.
Average rent in Frayser, Memphis, TN
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $771 | 811 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $610 | 619 sq. ft. |
| 2 Beds | $820 | 864 sq. ft. |
| 3 Beds | $894 | 1,021 sq. ft. |
Frayser, Memphis, TN rent trends
Rental prices in Frayser, Memphis, TN have decreased by 2.33% over the past year. The average rent moved from $790 to $771.
Do most people rent or own in Frayser, Memphis, TN?
4,946 or 58% of the households in Frayser, Memphis, TN are renter-occupied while 3,606 or 42% are owner-occupied.
Most affordable neighborhoods in Frayser?
University Area $722/month
Orange Mound $760/month
Chickasaw Oaks $766/month
All of these neighborhoods fall below the city wide average of $1,135/month.Most expensive neighborhoods in Frayser?
Binghampton $1,513/month
Mud Island $1,538/month
Normal Station $1,659/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 | $1,659 |
| Mud Island | $1,538 |
| Binghampton | $1,513 |
| South Riverdale | $1,489 |
| Chickasaw Gardens | $1,473 |
| Central Gardens | $1,464 |
| Windyke - Southwind | $1,422 |
| Med District | $1,416 |
| Downtown Memphis | $1,410 |
| Brennan | $1,407 |
| River Oaks | $1,383 |
| Uptown Memphis | $1,377 |
| Cordova | $1,309 |
| Riverside | $1,246 |
| Lenox | $1,222 |
| Bal - Moral | $1,179 |
| Midtown Memphis | $1,149 |
| New Chicago | $1,116 |
| Galloway | $1,060 |
| Shelby Farms Park | $1,056 |
| Hickory Hill | $1,024 |
| Colonial | $994 |
| Fox Meadows | $947 |
| Oakville | $945 |
| Meadow Brook | $942 |
| O'brien | $942 |
| Sherwood Forest | $924 |
| Southside Memphis | $920 |
| Parkway Village | $899 |
| Raleigh | $898 |
| Berclair | $868 |
| Bethel Grove | $847 |
| Whitehaven | $832 |
| Oakhaven | $801 |
| Alcy - Dunn | $790 |
| Frayser | $771 |
| Chickasaw Oaks | $766 |
| Orange Mound | $760 |
| University Area | $722 |
Memphis | Rent Comparison by Neighborhood
Rent in Frayser is 2% lower than in Alcy - Dunn
Frayser rent is the same as Memphis average
Alcy - Dunn rent is 2% higher than Memphis average
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 Frayser 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.