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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 6/16/2024

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Local Guide

See what Memphis, TN has to offer.

Local Reviews

Newer homes. Quiet, close to the highway. Several restaurants within 10 miles or less. Schools close by as well as grocery stores

The neighbors and all groceries and shopping malls are within 10 miles of distance so it is very good and convenient for me

Well there house here are very nice families love going to the movies and they sometime walk in the roads just for a nice walk kids playing old peeps cutting grass

I love that everyone in the neighborhood is so friendly like everyone just get along like wow we are all friends

There is a playground. The Mexican restaurants are always a favorite . Family and friends like to go out the the golf corse for fun

Demographics

Education

High School

26%

Associate's

39%

Bachelor's

22%

Master's

12%

Doctorate

0%

Family Size

2 people

35%

3 people

16%

4 people

24%

5 people

9%

6+ people

16%

Household Income

0-50k

25%

50-100k

35%

100-150k

28%

150-200k

9%

200k+

3%

Age

0-10

17%

10-20

17%

20-45

34%

45-65

25%

65+

8%

Rent Trends

Average rent in Pinnacle Point, 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 Pinnacle Point, 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 6/16/2024

Cost of Living

Compared to State Average

0.3%

Compared to National Average

10.9%

The cost of living in Pinnacle Point, Memphis, TN is 0.3% lower than the state average and 10.9% lower than the national average. Pinnacle Point, 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 Pinnacle Point, 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 Pinnacle Point, 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%
Collierville$1,484-1%
Lakeland$1,450+8%
Cordova$1,388+21%
Horn Lake$1,386+4%
Southaven$1,321+1%
Olive Branch$1,210-27%
Atoka$1,130+4%
Walls$1,0700%
Marion$1,062+6%
Memphis$9900%
Oxford$915+7%
Millington$675-13%
Bolivar$575+24%
City2 Beds Avg RentAnnual Change
Olive Branch$1,900-3%
Germantown$1,884+13%
Cordova$1,725+22%
Collierville$1,719+1%
Lakeland$1,701-13%
Arlington$1,5690%
Horn Lake$1,532+3%
Southaven$1,436-1%
Atoka$1,225+5%
Munford$1,210--
Marion$1,180+4%
Walls$1,175-2%
Millington$1,087+40%
Memphis$1,082-2%
Oxford$1,010+13%
Bolivar$635+19%

Compare Neighborhoods

North Parkway Village

$550

1 Bed Avg. Rent

Autumn Ridge

$717

1 Bed Avg. Rent

Southeast Memphis

$728

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 North Parkway Village, Autumn Ridge, and Southeast Memphis, where average rents for 1-bedroom apartments stand at $550, $717, and $728 respectively. Additional areas offering value are Colonial Willow and Raleigh, where the rents are $745 and $760, 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 Mud Island, East Central Shelby, and Gray's Creek. A 1-bedroom apartment in Mud Island averages at $2,225, in East Central Shelby it averages $1,654, and in Gray's Creek, the average is $1,654. For additional high-end living options, Southwind offers 1-bedroom apartments at $1,624, and Countrywood at $1,545. 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 High Point Terrace, Binghampton, and Normal Station. In High Point Terrace, the average rent for a 1-bedroom apartment is $1,250. Binghampton sees average rents of $839 for a 1-bedroom unit. Normal Station offers similar appeal with 1-bedroom apartments averaging $800. For those seeking other popular areas, UDistrict presents 1-bedroom apartments at $839, and Evergreen Historic District at $900. 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%
Southwind$1,554-2%
Downtown$1,260-2%
Central Gardens$1,0500%
Midtown$975-8%
Voillintine - Evergreen$975--
Hickory Hill$825-50%
Parkway Village$825-50%
Evergreen Historic District$800--
Uptown$7600%
Neighborhood1 Bed Avg RentAnnual Change
East Central Shelby$1,654-2%
Gray's Creek$1,654-2%
Southwind$1,624-2%
Countrywood$1,545+30%
Richwood$1,3090%
High Point Terrace$1,250--
Midtown$1,224-4%
Downtown$1,203-5%
Frayser$1,125+42%
Rangeline$1,125+42%
Voillintine - Evergreen$1,075--
Central Gardens$985-18%
Uptown$975+13%
Evergreen Historic District$900+1%
Hickory Hill$897+3%
Parkway Village$890+4%
North Memphis$875--
UDistrict$839-9%
Binghampton$839--
East Memphis$835-23%
Fox Meadows$830+19%
Whitehaven$819+20%
Normal Station$800-16%
Raleigh$760+3%
Colonial Willow$745+19%
Southeast Memphis$728-1%
Autumn Ridge$7170%
North Parkway Village$550-15%
Neighborhood2 Beds Avg RentAnnual Change
Southwind$1,8220%
East Central Shelby$1,741-10%
Gray's Creek$1,741-10%
Walnut Grove$1,700--
Countrywood$1,635+21%
Richwood$1,5190%
Central Gardens$1,500-2%
Midtown$1,350-8%
Voillintine - Evergreen$1,350--
Downtown$1,2600%
Bridgewater$1,250--
Uptown$1,195+5%
High Point Terrace$1,175+2%
Annesdale Park$1,095-22%
Hickory Hill$1,047+1%
Parkway Village$1,010+7%
UDistrict$1,0020%
Binghampton$1,002--
Fox Meadows$999+12%
Whitehaven$979+16%
Normal Station$975+23%
Frayser$960+21%
Rangeline$960+21%
Southeast Memphis$952+16%
Raleigh$950+15%
Northeast Memphis$895--
Evergreen Historic District$895-55%
Autumn Ridge$8720%
East Memphis$845-11%
Colonial Willow$845+17%
Berclair$825--
South Memphis$745+62%
North Parkway Village$665-11%
North Memphis$6250%

Transportation

Commute Time

0-15 Mins

12%

15-30 Mins

40%

30-40 Mins

32%

40-60 Mins

11%

60+ Mins

5%

Area Amenities

Top Score

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

Restaurants

2/5 stars based on undefined reviews

Pinnacle Point Memphis serves up a dining scene that's only lukewarm.

  1. Few restaurants per resident
  2. 34% more restaurants than average
  3. 32% more restaurants than areas of a similar size

Coffee

2/5 stars based on undefined reviews

The coffee scene is lukewarm in Pinnacle Point Memphis.

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

Nightlife

2/5 stars based on undefined reviews

You'll need to stock up the mini-bar. Pinnacle Point Memphis is running dry.

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

Parks

2/5 stars based on undefined reviews

Not too many park perks in Pinnacle Point 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

Pinnacle Point Memphis is low on childcare options so get on the waiting list early.

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

Retail Shops

2/5 stars based on undefined reviews

The retail inventory is low in Pinnacle Point 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

Pinnacle Point Memphis could do with more oppawtunities for pets.

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

Theaters

2/5 stars based on undefined reviews

Hiding in the dressing room? Pinnacle Point Memphis has a quiet theater scene.

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

Fine Arts

2/5 stars based on undefined reviews

You gotta Van Gogh somewhere else for art.

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

Amusement Parks

2/5 stars based on undefined reviews

In need of a lift: Pinnacle Point Memphis is light on amusement parks.

  1. Few amusement parks per resident
  2. An average number of amusement parks
  3. A standard number of amusement parks compared to 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 Pinnacle Point Memphis's access to medical care.

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

Gas Stations

2/5 stars based on undefined reviews

Honk if you see a gas station.

  1. Few gas stations per resident
  2. 80% more gas stations than average
  3. 62% more gas stations than areas of a similar size

Area Features

Noise Late At Night

No

Say 5 of 5 renters

Area Has Litter

No

Say 5 of 5 renters

Near Schools

Yes

Say 5 of 5 renters

Pet Friendly

Yes

Say 5 of 5 renters

Area Has Potholes

No

Say 5 of 5 renters

Good Place To Raise A Family

Yes

Say 5 of 5 renters

Area Has Kids Play Outside

Yes

Say 4 of 5 renters

Mostly Older Buildings

No

Say 4 of 5 renters

Near Grocery Stores

Yes

Say 4 of 5 renters

Nice Views

Yes

Say 4 of 5 renters

Safe For Families

Yes

Say 4 of 5 renters

Busy Streets

No

Say 3 of 5 renters

Quiet Area

Yes

Say 3 of 5 renters

Maintained Yards

Yes

Say 3 of 5 renters

Near Highways

No

Say 3 of 5 renters

Nearby Parks

No

Say 3 of 5 renters

Tree Lined Streets

No

Say 3 of 5 renters

Well Lit

No

Say 3 of 5 renters

Mostly Newer Buildings

No

Say 4 of 5 renters

Near Downtown

No

Say 5 of 5 renters

Schools

Percentage: 4/54/5

School Score

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

Top Schools in Pinnacle Point Memphis

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

Find Houses in Nearby Cities

City1 Bed Price2 Beds Price
Olive Branch, MS 3.7 miles$1,210$1,900
Memphis, TN 16.3 miles$990$1,082
Southaven, MS 11.4 miles$1,321$1,436
Cordova, TN 10.1 miles$1,388$1,725
Germantown, TN 5.1 miles$1,554$1,884
Collierville, TN 8.7 miles$1,484$1,719
Bartlett, TN 13.7 miles------
Horn Lake, MS 13.2 miles$1,386$1,532
Millington, TN 23.2 miles$675$1,087
Mineral Wells, MS 3.3 miles------

Find Houses in Nearby Neighborhoods

Neighborhood1 Bed Price2 Beds Price
Pinnacle Point------
Southwind 1.4 miles$1,624$1,822
Richwood 1.5 miles$1,309$1,519
Bennington Park 1.5 miles------
Lake Village 0.9 miles------
Burlington 1.7 miles------