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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Long-term Residential
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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 market also 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. Compare the managers above and request a free quote.
Rents here are long-term residential, not vacation or short-term. Non-residential property is not priced above, though its rents usually track the same local direction, so the residential trend is still a useful guide.
Frequently asked questions
How do rents in Memphis compare to the national average?
Relative to the U.S. as a whole: 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 median gross rent rose about 30.8% over the last 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).
