| 3 BEDS | $2,300 |
Rental prices in Colonial, Memphis, TN have decreased by 13.25% over the past year. The average rent moved from $1,193 to $1,035.
Check out the average rent in Memphis.
The national average price of rental apartments is $1,741, while the average monthly rent in Colonial, Memphis, TN is $1,035.
The average monthly rent for an apartment in Colonial, Memphis, TN is around $1,035.
A share of 37% of apartments in Colonial, Memphis, TN have the cheapest rents between ≤ $1000. Around 63% of Colonial's apartments have monthly rents between $1,001-$1,500.
The largest share of rentals in Colonial, Memphis, TN (63%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
The price range of a house for rent is between $1,365 and $1,400.
There are 4 house rentals available on RentCafe. Prices and availability in Colonial, Memphis, TN were last updated on 24 Feb 2026.
The average Colonial, Memphis, TN rental house size is 1,507 sq. ft.
Renting a house in Colonial, Memphis, TN comes with more space, both indoor and outdoor.
Houses for rent in Colonial, Memphis, TN are usually located in non-central areas.
In total, Colonial, Memphis, TN has 7,221 residents, 3,832 women and 3,389 men, per U.S. Census recent estimates. Statistics show that the median age of Colonial’s population is 34.
There is a total of 3,129 households in Colonial, Memphis, TN. Of these, 857 have children and 2,272 are without children. Per Census Bureau’s most current estimates, 1,809 family households and 1,319 non-family households live in this area. The size of a household in Colonial is 1.9 people, on average. The median household annual income in Colonial equals $68,310, and the monthly housing costs equal $1,268.
According to data from the U.S. Census Bureau, 2% of the population in Colonial, Memphis, TN have no high school education, 25% went to high-school, and 18% have partially completed college. Moreover, 4% of the population hold an Associate Degree, 29% hold a Bachelor Degree, and 21% hold a Graduate Degree.
In real estate, location is everything. But as you are looking at homes for rent in Colonial, Memphis, TN it seems that you’ve got this part already figured out. There are 25 apartment rental properties in Colonial, Memphis, TN with prices ranging from $1,025 to $2,300. That can be a lot to browse through. If you are looking at cheap houses for rent and the maximum you can afford is less than $2,300, simplify your search by typing the maximum you can afford in the Rent filter. When you are searching in the price range of 3 bedroom duplexes there is no need to look at all the 4 bedroom single family homes for rent. Now that we got this out of the way, the real grind begins. The devil is in the amenities. Well, not really, but there are so many choices, you don’t know where to start. Buckle up, it can be a bumpy ride and it could wreak some temporary havoc in your otherwise perfect apartment search.
Remember how hard it was to search for your first apartment alone? How confused you were because of all the things you had to consider? We’d like to tell you that things will be a lot easier this time around, not only because you’re more experience, but also because we’re here to help you along the way. It is easy to agree on whether you need a 1 bedroom or a 2 bedroom house, but there might also be some debates on the importance of a fireplace, A/C, garage or a pool. Sit down and talk about what are your must-haves and nice-to-haves. Agree on the amenities even before the serious hunt for rental homes starts. With a clear plan, browsing through our 24 houses for rent in Colonial, Memphis, TN is a breeze as you can filter the results based on your favorite amenities and features.
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