Out of all large metro areas, Memphis has ranked No. 11 for the lowest median rent estimate, according to a Stessa report.
While the national median rent is $1,435, The Memphis, MS-TN-AR metro area has a median rent estimate of $1,077.
The median cost for a studio locally is $733 compared to the national cost of $1,015. A one-bedroom is $838 in the Memphis, TN-MS-AR area with the national cost being $1,120.
A two-bedroom rent estimate in the Memphis, TN-MS-AR metro area is around $964. The national cost is $1,366.
In order to obtain a three-bedroom home in the local area, there is a rent estimate of $1,285 in comparison to the national cost of $1,796. A four-bedroom home in the local area has an estimate of $1,483 and a national estimate of $2,084.
