Rentometer, Inc. | Data as of 10/22/2025
Shelby County, Tennessee, offers a dynamic rental market that balances urban excitement with suburban comfort. Home to Memphis, the county enjoys a vibrant cultural scene, from the historic Beale Street music corridor to the expansive Overton Park and the Mississippi River waterfront. These attractions, combined with a strong employment base in health care, education, and logistics, create steady demand for a variety of rental properties, from sleek downtown apartments to spacious family homes in quieter neighborhoods.
Renters can find a broad spectrum of pricing that fits many budgets. Studio apartments typically fall in the $1100s, while one‑bedroom units often sit in the $1200s to $1300s. Larger apartments, such as two‑bedroom and three‑bedroom layouts, generally range from the $1400s up to the $1600s, with premium four‑plus bedroom units approaching the $2000 range. Single‑family houses provide a more affordable alternative for smaller households, with one‑bedroom homes often listed in the $900s and two‑bedroom homes around the $1300s. Three‑bedroom houses tend to rent in the $1600s, and larger four‑plus bedroom homes can command rates in the $2300 range, reflecting their spacious layouts and often desirable siting in established residential districts.
Neighborhoods such as Germantown, Midtown, and the historic South Main district showcase a mix of historic homes and modern apartments, appealing to young professionals and families alike. Suburban areas like Collierville and Bartlett offer newer housing developments and easy access to major highways, schools, and shopping centers. Whether you seek the energy of downtown living or the tranquility of a family‑friendly enclave, Shelby County’s rental landscape provides diverse options that cater to a range of lifestyle preferences.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,219 | $1,247 | $850 - $1,415 | $1,195 - $1,325 |
| Apartment | 1 Bedroom | $1,307 | $1,350 | $550 - $2,372 | $1,040 - $1,569 |
| Apartment | 2 Bedroom | $1,587 | $1,499 | $649 - $4,383 | $1,091 - $1,925 |
| Apartment | 3 Bedroom | $1,763 | $1,550 | $950 - $3,700 | $1,121 - $1,803 |
| House | 1 Bedroom | $898 | $950 | $595 - $1,150 | $700 - $1,095 |
| House | 2 Bedroom | $1,202 | $1,212 | $795 - $1,450 | $1,075 - $1,390 |
| House | 3 Bedroom | $1,579 | $1,500 | $245 - $5,995 | $1,200 - $1,800 |
| House | 4+ Bedroom | $2,259 | $2,015 | $240 - $7,495 | $1,645 - $2,500 |
In the current period, the average rent in Shelby was $1,219 for Studio, $1,271 for 1 Bedroom, $1,469 for 2 Bedroom, $1,590 for 3 Bedroom, and $2,126 for 4+ Bedroom.
Data provided by Rentometer, Inc.