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.
Nearby metro yield comparison
Compare this metro with other Mississippi markets and jump directly into Rental Insights or a public metro report when a yield page is available.
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.