
Top Rated New Apartments for Rent in Memphis, TN (47 Rentals)
Apartments in Memphis with the best features, newest construction, and richest amenities.


Fieldstone

The Oliver Luxury Apartments

The Landing Residences

The Rise Apartments

South Line at Central Station

The Villas at Germantown

The Tennessee Brewery

The Commonwealth
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Springs at Buckingham Farms

At The Park Apartments

Madison at McLean

Madison Midtown

Highland Row

The Flats at Overton

Nine At Memphis

Timberline Flats
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Brookhaven Lofts

Madison Gardens Apartments

The Flats @ Cooper Young

266 Lofts

Parcels at Concourse

280 Vance Flats

Annex Lofts
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Pembroke Square Apartments

Tapestry Forest Creek

Irene Woods Apartments

The Water Tower District at Schilling Farms

The Charleston

Avenida Watermarq at Germantown 55+ Apartments

Silo Lofts

The Residences at Thornwood

Market Row Lofts at Thornwood

Meridian Park Apartments
Memphis, TN Local Guide

How much does it cost to rent an apartment in Memphis?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Memphis Studio Apartments | $1,190 | $560 | $8,000 |
Memphis 1 Bedroom Apartments | $1,297 | $425 | $5,298 |
Memphis 2 Bedroom Apartments | $1,431 | $500 | $6,900 |
Memphis 3 Bedroom Apartments | $1,804 | $740 | $8,163 |
Memphis 4 Bedroom Apartments | $1,954 | $599 | $6,180 |
Explore Memphis

Memphis, TN Local Guide
- Memphis Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Getting Around Memphis, TN
Walk Score®
50 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
50 / 100
Bikeable
Some bike infrastructure
Transit Score®
29 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about New Memphis Apartments
What is the Cheapest New apartment in Memphis?
Currently the most affordable New Apartment in Memphis is at Nine At Memphis listed at $625.
How much is the average rent for a New Memphis Apartment?
The average rent for a New Apartment in Memphis is $1,757.
What is the largest New Memphis Apartment for rent?
Today's New apartment with the most square footage in Memphis is a 2,295 square feet unit starting from $1,290 at The Oliver Luxury Apartments.
What is the average size for Memphis New Apartments for rent?
The average size for a New rental in Memphis is currently at 653 sq ft.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.