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South Main condos for rent - Memphis, TN

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Average Rent in Memphis, TN

Avg. RentAnnual Change
Memphis Studio - $1,213-7%
Memphis 1 Bed - $9900%
Memphis 2 Beds - $1,082-2%
Last updated 6/19/2024

Search by Property Type

Local Guide

See what Memphis, TN has to offer.

Local Reviews

I like living near my job and downtown. I enjoy somewhere near to walk and run. I enjoy the piece and quiet

There are great restaurants to eat at and some pretty cool bars to have a drink?including a hotel bar.

I love the proximity to all the nightlife and culture downtown. It's a great combination of suburban privacy and quiet with the urban proximity and density. Living on a local park too Is a great amenity for exercise and relaxation.

Demographics

Education

High School

10%

Associate's

18%

Bachelor's

42%

Master's

24%

Doctorate

5%

Family Size

2 people

70%

3 people

19%

4 people

3%

5 people

7%

6+ people

1%

Household Income

0-50k

26%

50-100k

36%

100-150k

11%

150-200k

13%

200k+

13%

Age

0-10

5%

10-20

3%

20-45

54%

45-65

30%

65+

7%

Affordability

Percentage: 2/52/5

Renters gave this area a 2 out of 5 for affordability

Last updated 6/19/2024

*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

Rent Trends

Average rent in South Main, Memphis, TN

In Memphis, TN, as of 2024, the average rent for apartments ranges from $990 to $1,213. Specifically, the average rent for a studio apartment in South Main, Memphis, TN is $1,213. For those seeking a 1-bedroom apartments, the average rent is $990. And for a 2-bedroom apartment, renters can expect to pay an average of $1,082.

Annual Rent Change Over the Past 12 Months

Studio

-7%

Changed from $1,304 to $1,213
1 Bed

0%

Changed from $990 to $990
2 Beds

-2%

Changed from $1,104 to $1,082
Last updated 6/19/2024

Cost of Living

Compared to State Average

0.3%

Compared to National Average

10.9%

The cost of living in South Main, Memphis, TN is 0.3% lower than the state average and 10.9% lower than the national average. South Main, Memphis, TN housing is 17.3% less expensive than the U.S average, while utilities are about 12.6% less pricey. When it comes to basic necessities such as food and clothing, groceries are around 0.2% less in South Main, Memphis, TN than in the rest of the country.

Healthcare services such as doctor check-ups and dentistry cost 13.6% less here compared to the U.S. average.
Cost of Living in South Main, Memphis, TNCompared to State AverageCompared to National Average
Housing
1%
17.3%
Utilities
2.6%
12.6%
Food
1.1%
0.2%
Transportation
0.6%
11%
Healthcare
1.4%
13.6%

Compare Other Cities

City1 Bed Avg RentAnnual Change
Germantown$1,554+4%
Memphis$9900%
Millington$675-13%
City2 Beds Avg RentAnnual Change
Germantown$1,884+13%
Millington$1,087+40%
Memphis$1,082-2%

Compare Neighborhoods

Normal Station

$800

1 Bed Avg. Rent

Fox Meadows

$830

1 Bed Avg. Rent

East Memphis

$835

1 Bed Avg. Rent

What are the most affordable neighborhoods in Memphis, TN?

For renters in Memphis seeking more affordable options, the neighborhoods to watch are Normal Station, Fox Meadows, and East Memphis, where average rents for 1-bedroom apartments stand at $800, $830, and $835 respectively. Additional areas offering value are UDistrict and Parkway Village, where the rents are $839 and $890, a favorable comparison to Memphis's overall 1-bedroom average of $990.

What are the most expensive neighborhoods in Memphis, TN?

In Memphis, the neighborhoods commanding the highest rents are Midtown-Central, Midtown, and The Core. A 1-bedroom apartment in Midtown-Central averages at $1,280, in Midtown it averages $1,224, and in The Core, the average is $1,207. For additional high-end living options, Downtown offers 1-bedroom apartments at $1,203, and Parkway Village at $890. These rates compare to the overall average rent of $990 for a 1-bedroom apartment in Memphis, highlighting the premium nature of these specific neighborhoods.

What are the most popular neighborhoods in Memphis, TN?

In Memphis, the most sought-after neighborhoods for renters include Midtown, Midtown-Central, and Downtown. In Midtown, the average rent for a 1-bedroom apartment is $1,224. Midtown-Central sees average rents of $1,280 for a 1-bedroom unit. Downtown offers similar appeal with 1-bedroom apartments averaging $1,203. For those seeking other popular areas, The Core presents 1-bedroom apartments at $1,207, and East Memphis at $835. These prices are set against the backdrop of the city-wide average of $990 for a 1-bedroom apartment in Memphis, underscoring the popularity of these particular neighborhoods.

NeighborhoodStudio Avg RentAnnual Change
East Memphis$1,859-9%
The Core$1,292-1%
Downtown$1,260-2%
Midtown$975-8%
Parkway Village$825-50%
Neighborhood1 Bed Avg RentAnnual Change
Midtown-Central$1,280+9%
Midtown$1,224-4%
The Core$1,207-47%
Downtown$1,203-5%
Parkway Village$890+4%
UDistrict$839-9%
East Memphis$835-23%
Fox Meadows$830+19%
Normal Station$800-16%
Neighborhood2 Beds Avg RentAnnual Change
Midtown-Central$2,100+24%
The Core$1,657+1%
Midtown$1,350-8%
Downtown$1,2600%
Parkway Village$1,010+7%
UDistrict$1,0020%
Fox Meadows$999+12%
Normal Station$975+23%
East Memphis$845-11%
South Memphis$745+62%

Transportation

Commute Time

0-15 Mins

24%

15-30 Mins

50%

30-40 Mins

19%

40-60 Mins

6%

60+ Mins

1%

Transportation Scores

Percentage: 7171

Walk Score®

Walkable

Yes

Say 3 of 3 renters

Has Sidewalks

Yes

Say 3 of 3 renters

Percentage: 6868

Bike Score®

Bike Friendly

Yes

Say 3 of 3 renters

Area Amenities

Top Score

Restaurants

2.5/5 stars based on undefined reviews

An average foodie scene: not too cold and not too hot.

  1. A high number of restaurants per resident
  2. 77% more restaurants than average
  3. 58% more restaurants than areas of a similar size

Nightlife

2.5/5 stars based on undefined reviews

Nightlife is on the rocks in South Main Memphis.

  1. A high number of bars and clubs per resident
  2. 83% more bars and clubs than average
  3. 52% more bars and clubs than areas of a similar size

Theaters

2.5/5 stars based on undefined reviews

South Main Memphis sits in the middle of the pack for theater.

  1. A high number of theaters per resident
  2. 82% more theaters than average
  3. 73% more theaters than areas of a similar size

Fine Arts

2.5/5 stars based on undefined reviews

It's just about fine for fine art. An average score.

  1. A high number of fine art centers per resident
  2. 94% more fine art centers than average
  3. 84% more fine art centers than areas of a similar size

Amusement Parks

2.5/5 stars based on undefined reviews

Not exactly a Tilt-a-Whirl, but there's fun to be had.

  1. A high number of amusement parks per resident
  2. 89% more amusement parks than average
  3. 93% more amusement parks than areas of a similar size

Grocery Stores

2/5 stars based on undefined reviews

The food shops around here are few and far between.

  1. Few grocery stores per resident
  2. An average number of grocery stores
  3. A standard number of grocery stores compared to areas of a similar size

Coffee

2/5 stars based on undefined reviews

The coffee scene is lukewarm in South Main Memphis.

  1. A high number of coffee shops per resident
  2. 61% more coffee shops than average
  3. 87% more coffee shops than areas of a similar size

Parks

2/5 stars based on undefined reviews

Not too many park perks in South Main Memphis.

  1. Few parks per resident
  2. An average number of parks
  3. A standard number of parks compared to areas of a similar size

Childcare

2/5 stars based on undefined reviews

South Main Memphis is low on childcare options so get on the waiting list early.

  1. Few daycares per resident
  2. 20% more daycares than average
  3. 73% fewer daycares than areas of a similar size

Retail Shops

2/5 stars based on undefined reviews

The retail inventory is low in South Main Memphis.

  1. Few shops per resident
  2. An average number of shops
  3. A standard number of shops compared to areas of a similar size

Health and Fitness

2/5 stars based on undefined reviews

You'll have to workout somewhere else to keep fit.

  1. Few gyms per resident
  2. An average number of gyms
  3. A standard number of gyms compared to areas of a similar size

Pet Services

2/5 stars based on undefined reviews

South Main Memphis could do with more oppawtunities for pets.

  1. Few pet facilities per resident
  2. An average number of pet facilities
  3. 7% fewer pet facilities than areas of a similar size

Hospitals

2/5 stars based on undefined reviews

Be patient when looking for a hospital around here.

  1. Few hospitals per resident
  2. An average number of hospitals
  3. A standard number of hospitals compared to areas of a similar size

Medical Care

2/5 stars based on undefined reviews

We have a bone to pick with this South Main Memphis's access to medical care.

  1. Few medical facilities per resident
  2. 26% fewer medical facilities than average
  3. 53% fewer medical facilities than areas of a similar size

Gas Stations

2/5 stars based on undefined reviews

Honk if you see a gas station.

  1. A high number of gas stations per resident
  2. 80% more gas stations than average
  3. 58% more gas stations than areas of a similar size

Area Features

Busy Streets

No

Say 3 of 3 renters

Noise Late At Night

No

Say 3 of 3 renters

Area Has Litter

No

Say 3 of 3 renters

Mostly Older Buildings

No

Say 3 of 3 renters

Near Downtown

Yes

Say 3 of 3 renters

Nearby Parks

Yes

Say 3 of 3 renters

Pet Friendly

Yes

Say 3 of 3 renters

Area Has Potholes

No

Say 3 of 3 renters

Well Lit

Yes

Say 3 of 3 renters

Near Highways

Yes

Say 2 of 3 renters

Nice Views

Yes

Say 2 of 3 renters

Quiet Area

Yes

Say 2 of 3 renters

Good Place To Raise A Family

Yes

Say 2 of 3 renters

Safe For Families

Yes

Say 2 of 3 renters

Maintained Yards

Yes

Say 2 of 3 renters

Mostly Newer Buildings

No

Say 2 of 3 renters

Near Grocery Stores

No

Say 2 of 3 renters

Tree Lined Streets

No

Say 2 of 3 renters

Area Has Kids Play Outside

No

Say 3 of 3 renters

Near Schools

No

Say 3 of 3 renters

Schools

Percentage: 2/52/5

School Score

How satisfied do renters feel with the schools in this area.

Top Schools in South Main Memphis

Information provided by GreatSchools. To verify school enrollment eligibility, contact the school district directly.

Find Condos in Nearby Cities

City1 Bed Price2 Beds Price
Memphis, TN 1.5 miles$990$1,082
Germantown, TN 14.6 miles$1,554$1,884
Millington, TN 17.2 miles$675$1,087

Find Condos in Nearby Neighborhoods

Neighborhood1 Bed Price2 Beds Price
Downtown 1.4 miles$1,203$1,260