Studio Houses for Rent in Memphis, TN

/19
$600 Per Month
- Studio
- 1 Bath
- 329 Sq Ft
- House for Rent
2705-2715 Cherry Rd, Memphis, TN 38118

Champaign Place is offering affordable studio apartments with practical layouts, included utilities, and convenient access to downtown Memphis, the airport, and major commuter routes.Limited-time special: half off your first month's rent and no security deposit required. Champaign Place is a well-situated apartment community located at 2705 - 2715 Cherry Road in the 38111/38118 area

2705-2715 Cherry Rd, Memphis, TN 38118
Explore Memphis
/2
$1,750 Per Month
- Studio
- 1 Bath
- House for Rent
226 Marne St, Memphis, TN 38111

Great Location near Chickasaw Gardens, Tiger Lane, Cooper Young, UofM, UT, Pink Palace, and Broad Street. Short distance to downtown. Make this 3-bedroom/2-bath home your own. With so much to offer oversized primary bedroom with a private bath and walk-in closet. The primary bath has been updated. There is a nice-sized dining area with an open kitchen and arches throughout. This home has a

226 Marne St, Memphis, TN 38111

Tennessee Shelby County

Frequently Asked Questions

How much does it cost to rent a single-family home in Memphis, TN?

The median rent for a single-family home in Memphis, TN is $1,435 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.

How much do you need to make to afford rent in Memphis, TN?

To comfortably afford the median rent in Memphis, TN, a household needs to earn roughly $55,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,375 per month in Memphis, TN, renters typically need to show $4,125 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.

Is it more affordable to rent or buy in Memphis, TN?

In Memphis, TN, the price-to-rent ratio is 12.4, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends in Memphis, TN

There are currently 2 single-family homes available for rent in Memphis, TN. The median rent is $1,435 per month, with 3-bedroom houses renting at $1,420, 4-bedroom houses at $1,750 and 5-bedroom houses at $1,945.

Rental Home Trends

Number of Houses for Rent 2	Median Single Family Home Rent $1,435
Median 3 Bedroom Single Family Home Rent $1,420	Median 4 Bedroom Single Family Home Rent $1,750
Median 5 Bedroom Single Family Home Rent $1,945

How to Rent a Home

Houses for Rent by Price in Memphis

Rentals in Memphis

Houses for Rent by Bedrooms in Memphis

More About Living in Memphis

Houses by Amenity in Memphis

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage