Hickory Hill, 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 Hickory Hill is $1,024, a 0.47% increase compared to the previous year, when the average rent was $1,019.
Studio Apartments at $785 offer the most budget-friendly option with 533 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 721 square feet for $926, balancing privacy and affordability.
Two-beedroom units at $1,060 offer 1,022 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,360 sq ft) for $1,267, suitable for larger households.
Average rent in Hickory Hill, Memphis, TN
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,024 | 931 sq. ft. |
| Studio | $785 | 533 sq. ft. |
| 1 Bed | $926 | 721 sq. ft. |
| 2 Beds | $1,060 | 1,022 sq. ft. |
| 3 Beds | $1,267 | 1,360 sq. ft. |
Hickory Hill, Memphis, TN rent trends
Rental prices in Hickory Hill, Memphis, TN have increased by 0.47% over the past year. The average rent moved from $1,019 to $1,024.
What's the typical rent budget in Hickory Hill, Memphis, TN?
The largest share of rentals in Hickory Hill, Memphis, TN (54%) fall between - per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Hickory Hill, Memphis, TN?
11,041 or 63% of the households in Hickory Hill, Memphis, TN are renter-occupied while 6,440 or 37% are owner-occupied.
Most affordable neighborhoods in Hickory Hill?
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 Hickory Hill?
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 Hickory Hill is 30% higher than in Alcy - Dunn
Hickory Hill rent is the same as Memphis average
Alcy - Dunn rent is 23% lower 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 Hickory Hill 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.