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Munford, TN Homes for Rent

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  • /40

    Starting at $1,315 Per Month

    • 2 - 3 Beds

    61 Franklin Square Dr, Munford, TN 38058

    Franklin Square is a quiet, gated community of spacious 2 and 3-bedroom apartments nestled in Munford, Tenn. Just a short drive from Memphis and vibrant employment hubs, our community helps redefine comfort and convenience in your new home.Welcome to your new home, complete with spacious closets, washer & dryer connections, and a private patio/balcony.Enjoy ease of access to

    Franklin Square

    61 Franklin Square Dr, Munford, TN 38058
  • /20

    $1,575 Per Month

    • 3 Beds
    • 2 Baths
    • 1,331 Sq Ft
    • House for Rent

    75 Cottonwood Dr, Munford, TN 38058

    Experience comfortable living in this charming single-family home featuring spacious living areas. - Electric range, refrigerator, garbage disposal, and microwave- Ceiling fans, central cooling, and forced air heating- Attractive wood plank floors and carpet in select areas- Stone countertops for style and durability- Large closets offering ample storage- Attached

    75 Cottonwood Dr, Munford, TN 38058
  • /22

    $2,300 Per Month

    • 3 Beds
    • 2 Baths
    • 1,831 Sq Ft
    • House for Rent

    377 Walker Field Ln, Munford, TN 38058

    3 Bedroom 2 bath home on 10 ac lot available June 1st, 2026

    Laura Williams Covington Realty & Auction LLC

    377 Walker Field Ln, Munford, TN 38058

Why Live in Munford

Munford, Tennessee, blends small-town charm with steady growth, situated on U.S. Route 51, providing a direct route into Memphis, about 26 miles away. Despite its growth, Munford retains a close-knit community feel, where residents often know each other and enjoy local dining spots like Las Margaritas and Outlaw Bar-B-Que. The city offers a mix of suburban neighborhoods and rural properties, with ranch-style homes and new traditional houses being common. Recreational opportunities abound in Munford's parks, such as Valentine Park, which features frisbee golf, a dog park, and walking trails, and Centennial Park, known for its sports fields. Munford Elementary and Munford Middle School are highly rated, contributing to the community's appeal for families. The annual Celebrate Munford festival each October brings the community together with arts and crafts, live music, and a car show, supporting local scholarships and organizations. For shopping, residents have access to both chain stores like Kroger and locally owned businesses such as Munford Donuts. The proximity to Memphis and amenities like Baptist Memorial Hospital - Tipton, 10 miles north, and Memphis International Airport, 36 miles away, add to the convenience of living in Munford.

Frequently Asked Questions

How much does it cost to rent a home in Munford, TN?
The median rent for a home in Munford, TN is $1,937 per month, though prices vary by neighborhood, size, and property type. As of June 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Munford, TN?
To comfortably afford the median rent in Munford, TN, a household needs to earn roughly $77,480 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 $1,937 per month in Munford, TN, renters typically need to show $5,811 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 Munford, TN?
In Munford, TN, the price-to-rent ratio is 14.0, 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.
What neighborhoods in Munford, TN are best for renting a home?
The best neighborhood for renting in Munford, TN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Frayser, Raleigh, Cordova, Douglass and Gray's Creek, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$1,937
Median Single Family Home Rent
$2,100
How to Rent a Home