Match Me With a ManagerProperty Managers in Memphis, TN
Compare top property management companies in Memphis, TN. Review services and vetting status, then reach out or request a free quote.
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Rental market in Memphis: rising rents
In Memphis, Census median gross rent rose about 30.8% over the last five years, rents on a clear upward path. The same data shows three-bedroom rents about 24% below the U.S. average, renters in 45.9% of homes, and vacancy near 10.3%. The typical home is valued near $249,100, and the median household earns about $63,767 a year, with renters spending a median 32.5% of income on rent.
Market at a glance
Rents & affordability
People & households
Housing stock
Jobs
Professional property management in Memphis typically covers pricing, listings, tenant screening, rent collection, and repairs. About 70.6% of local housing is single-family, a common focus for rental owners. With vacancy near 10.3%, rent positioning and days on market can shape your return. Area unemployment is 3.7% as of August 2026. Browse the managers here and request pricing.
These numbers cover long-term residential rentals only, not vacation rentals. Non-residential rents are not shown, yet they tend to shift with residential rents, so the local pattern remains informative.
Frequently asked questions
How do rents in Memphis compare to the national average?
Compared with the U.S. average: two-bedroom -26%, three-bedroom -24%, four-bedroom -24%. Each figure compares a bedroom size to the typical U.S. rent, not a rent we set.
Are rents rising in Memphis?
Census data shows median gross rent rose about 30.8% across five years.
Is Memphis a good market for rental property?
Tenants have options here, so pricing and low turnover matter. Renters make up 45.9% of households and vacancy sits near 10.3%. Three-bedroom rents run about 24% below the national average, and rents rose about 30.8% over five years.
How strong is rental demand in Memphis?
45.9% of homes are rented, not owned, and the population of 919,173 declined 1.8% over five years. Vacancy runs near 10.3%.
Rent shown as a deviation from the typical U.S. rent, a national average weighted by renter population, from HERO and HUD reference data. Demographics, population, and rent trend from the U.S. Census Bureau ACS 2020-2024 5-year estimates at the county level, with the five-year trend measured against the 2015-2019 estimates. Unemployment from the U.S. Bureau of Labor Statistics (August 2026).
