2-Bedroom Apartment Rent in Memphis, TN
Median asking rent for a 2-bedroom apartment in Memphis, Tennessee as of August 2026. That's +12% higher than the citywide median of $1,262 and +15% below the national 2-bedroom median of $1,655.
Income needed for a 2-bedroom in Memphis
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 2-bedroom at the current median rent.
Rent by apartment size in Memphis
Compare Memphis's median rent across every apartment size.
Cheapest cities for a 2-bedroom in Tennessee
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Greeneville | $763 |
| 2 | Dyersburg | $900 |
| 3 | Crossville | $908 |
| 4 | Morristown | $936 |
| 5 | Martin | $940 |
| 6 | Athens | $950 |
| 7 | Tullahoma | $960 |
| 8 | Cookeville | $1,010 |
| 9 | Manchester | $1,010 |
| 10 | Kingsport | $1,030 |
| 11 | Bristol | $1,040 |
| 12 | Sevierville | $1,062 |
| 13 | Kingston | $1,120 |
| 14 | Johnson City | $1,187 |
| 15 | Red Bank | $1,237 |
Most expensive cities for a 2-bedroom in Tennessee
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Mount Juliet | $2,330 |
| 2 | Farragut | $2,320 |
| 3 | Spring Hill | $2,220 |
| 4 | Thompsons Station | $2,145 |
| 5 | La Vergne | $2,090 |
| 6 | Nashville | $1,977 |
| 7 | Franklin | $1,950 |
| 8 | Germantown | $1,930 |
| 9 | Lakeland | $1,900 |
| 10 | Hendersonville | $1,890 |
| 11 | Ooltewah | $1,870 |
| 12 | Bartlett | $1,810 |
| 13 | Brentwood | $1,807 |
| 14 | Collierville | $1,800 |
| 15 | Lenoir City | $1,770 |
Nearby cities — 2-bedroom rent
Considering nearby alternatives? 2 of these cities have cheaper 2-bedroom rents than Memphis.
| City | Distance | 2-Bedroom rent | vs Memphis |
|---|---|---|---|
| Germantown, TN | 10.2 mi | $1,930 | +$519 (+37%) |
| Bartlett, TN | 11.3 mi | $1,810 | +$399 (+28%) |
| Southaven, MS | 12.3 mi | $1,750 | +$339 (+24%) |
| Cordova, TN | 13.4 mi | $1,740 | +$329 (+23%) |
| Horn Lake, MS | 13.4 mi | $1,430 | +$19 (+1%) |
| Olive Branch, MS | 15.3 mi | $1,750 | +$339 (+24%) |
| Millington, TN | 15.9 mi | $1,370 | $-41 (-3%) |
| Lakeland, TN | 20.5 mi | $1,900 | +$489 (+35%) |
| Collierville, TN | 20.6 mi | $1,800 | +$389 (+28%) |
| Hernando, MS | 22.6 mi | $1,390 | $-21 (-1%) |
| Arlington, TN | 23.1 mi | $1,765 | +$354 (+25%) |
| Oakland, TN | 30.9 mi | $1,670 | +$259 (+18%) |
2-Bedroom rent in Memphis — common questions
How much is a 2-bedroom apartment in Memphis?
As of August 2026, the median 2-bedroom apartment rent in Memphis, Tennessee is $1,411 per month. This is +12% higher than the citywide median of $1,262.
What income do you need to afford a 2-bedroom in Memphis?
Using the standard 30% rent-to-income rule, you would need an annual income of about $56,440 ($4,703/month gross), which works out to roughly $27.13/hour at a full-time job.
Is Memphis expensive for a 2-bedroom compared to the rest of the US?
Memphis's 2-bedroom median of $1,411 is +15% below the national 2-bedroom median of $1,655. It ranks in the 34th percentile of US cities tracked.
How does Memphis rank for 2-bedroom rent in Tennessee?
Among the 62 cities in Tennessee with 2-bedroom data, Memphis ranks #25 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Memphis?
Yes — nearby cities with cheaper 2-bedroom rents include Millington ($1,370), Hernando ($1,390).