Memphis, TN-MS-AR Average Rent & Rental Yield
Compare average asking rent (median), gross rental yield, home value, and transaction activity before moving into listing-level underwriting or investor discovery.
Average rent in Memphis, TN-MS-AR
The median asking rent in Memphis, TN-MS-AR is $1,813 as of July 2026, based on active rental listings across the metro. We report the median — the midpoint of asking rents — because it tracks the typical listing more reliably than a simple average, which luxury and outlier listings can skew.
Against an average home value of $258,841, that rent level prices Memphis, TN-MS-AR at a 9.02% gross rental yield — compared with 10.10% across Mississippi.
Metro vs state rental signal
The metro read is a first-pass screen. Compare it with the state baseline, then pressure-test taxes, insurance, vacancy, rehab, and financing assumptions at the property level.
Memphis, TN-MS-AR rent and rental yield comparison
The current Memphis, TN-MS-AR baseline is $1,813 median asking rent and 9.02% gross rental yield. Compare rent, yield, and home values with selected Mississippi metros, then open a public report or Rental Insights for property-level follow-up.
Gulfport-Biloxi, MS
Gulfport-Biloxi, MS median asking rent is $1,675, $138 (7.6%) lower than the $1,813 median asking rent in Memphis, TN-MS-AR.
- Median rent
- $1,675
- Gross yield
- 10.48%
- Avg home value
- $220,652
Jackson, MS
Jackson, MS median asking rent is $1,595, $218 (12%) lower than the $1,813 median asking rent in Memphis, TN-MS-AR.
- Median rent
- $1,595
- Gross yield
- 11.95%
- Avg home value
- $168,044
Tupelo, MS
Tupelo, MS median asking rent is $1,400, $413 (22.8%) lower than the $1,813 median asking rent in Memphis, TN-MS-AR.
- Median rent
- $1,400
- Gross yield
- 11.07%
- Avg home value
- $136,823
Hattiesburg, MS
Hattiesburg, MS median asking rent is $1,500, $313 (17.3%) lower than the $1,813 median asking rent in Memphis, TN-MS-AR.
- Median rent
- $1,500
- Gross yield
- 10.34%
- Avg home value
- $178,469
Columbus, MS
Columbus, MS median asking rent is $1,600, $213 (11.7%) lower than the $1,813 median asking rent in Memphis, TN-MS-AR.
- Median rent
- $1,600
- Gross yield
- 11.20%
- Avg home value
- $152,172
Meridian, MS
Meridian, MS median asking rent is $1,400, $413 (22.8%) lower than the $1,813 median asking rent in Memphis, TN-MS-AR.
- Median rent
- $1,400
- Gross yield
- 12.44%
- Avg home value
- $176,869
Picayune, MS
Picayune, MS median asking rent is $1,450, $363 (20%) lower than the $1,813 median asking rent in Memphis, TN-MS-AR.
- Median rent
- $1,450
- Gross yield
- 11.59%
- Avg home value
- $167,344
Vicksburg, MS
Vicksburg, MS median asking rent is $1,350, $463 (25.5%) lower than the $1,813 median asking rent in Memphis, TN-MS-AR.
- Median rent
- $1,350
- Gross yield
- 14.91%
- Avg home value
- $162,268
Memphis, TN-MS-AR rent and yield FAQ
Quick answers based on the latest Memphis, TN-MS-AR rental listing and transaction data.
What is the average rent in Memphis, TN-MS-AR?
As of July 2026, the median asking rent in Memphis, TN-MS-AR is $1,813. SFR Analytics reports the median of active rental listings rather than a simple average so outlier luxury listings do not distort the figure.
What is a good rental yield in Memphis, TN-MS-AR?
Memphis, TN-MS-AR currently prices at a 9.02% gross rental yield, versus 10.10% across Mississippi. Treat gross yield as a first-pass screen — it excludes taxes, insurance, vacancy, rehab, and financing, so underwrite at the property level before acting on it.
Move from Memphis, TN-MS-AR market context to property-level screening
Open Rental Insights with Memphis, TN-MS-AR selected, then pair the yield signal with investor activity and rental data workflows.