4+ Bedroom Apartment Rent in Memphis, TN
Median asking rent for a 4+ bedroom apartment in Memphis, Tennessee as of July 2026. That's +70% higher than the citywide median of $1,280 and +14% below the national 4+ bedroom median of $2,530.
Income needed for a 4+ 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 4+ 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 4+ bedroom in Tennessee
| # | City | 4+ Bedroom rent |
|---|---|---|
| 1 | Dyersburg | $1,190 |
| 2 | Athens | $1,260 |
| 3 | Greeneville | $1,319 |
| 4 | Elizabethton | $1,410 |
| 5 | Brownsville | $1,430 |
| 6 | Tullahoma | $1,470 |
| 7 | Kingsport | $1,517 |
| 8 | Bristol | $1,530 |
| 9 | Manchester | $1,550 |
| 10 | Cookeville | $1,580 |
| 11 | Martin | $1,580 |
| 12 | Johnson City | $1,657 |
| 13 | Cleveland | $1,673 |
| 14 | Jackson | $1,675 |
| 15 | Red Bank | $1,752 |
Most expensive cities for a 4+ bedroom in Tennessee
| # | City | 4+ Bedroom rent |
|---|---|---|
| 1 | Mount Juliet | $3,620 |
| 2 | Farragut | $3,500 |
| 3 | Thompsons Station | $3,258 |
| 4 | La Vergne | $3,250 |
| 5 | Spring Hill | $3,230 |
| 6 | Nashville | $3,073 |
| 7 | Franklin | $3,043 |
| 8 | Brentwood | $3,038 |
| 9 | Germantown | $2,970 |
| 10 | Hendersonville | $2,940 |
| 11 | Lakeland | $2,930 |
| 12 | Bartlett | $2,785 |
| 13 | Collierville | $2,770 |
| 14 | Goodlettsville | $2,720 |
| 15 | White House | $2,700 |
Nearby cities — 4+ bedroom rent
Considering nearby alternatives? 2 of these cities have cheaper 4+ bedroom rents than Memphis.
| City | Distance | 4+ Bedroom rent | vs Memphis |
|---|---|---|---|
| Germantown, TN | 10.2 mi | $2,970 | +$797 (+37%) |
| Bartlett, TN | 11.3 mi | $2,785 | +$612 (+28%) |
| Southaven, MS | 12.3 mi | $2,695 | +$522 (+24%) |
| Cordova, TN | 13.4 mi | $2,680 | +$507 (+23%) |
| Horn Lake, MS | 13.4 mi | $2,200 | +$27 (+1%) |
| Olive Branch, MS | 15.3 mi | $2,690 | +$517 (+24%) |
| Millington, TN | 15.9 mi | $2,110 | $-63 (-3%) |
| Lakeland, TN | 20.5 mi | $2,930 | +$757 (+35%) |
| Collierville, TN | 20.6 mi | $2,770 | +$597 (+27%) |
| Hernando, MS | 22.6 mi | $2,140 | $-33 (-2%) |
| Arlington, TN | 23.1 mi | $2,188 | +$15 (+1%) |
| Oakland, TN | 30.9 mi | $2,560 | +$387 (+18%) |
4+ Bedroom rent in Memphis — common questions
How much is a 4+ bedroom apartment in Memphis?
As of July 2026, the median 4+ bedroom apartment rent in Memphis, Tennessee is $2,173 per month. This is +70% higher than the citywide median of $1,280.
What income do you need to afford a 4+ bedroom in Memphis?
Using the standard 30% rent-to-income rule, you would need an annual income of about $86,920 ($7,243/month gross), which works out to roughly $41.79/hour at a full-time job.
Is Memphis expensive for a 4+ bedroom compared to the rest of the US?
Memphis's 4+ bedroom median of $2,173 is +14% below the national 4+ bedroom median of $2,530. It ranks in the 36th percentile of US cities tracked.
How does Memphis rank for 4+ bedroom rent in Tennessee?
Among the 63 cities in Tennessee with 4+ bedroom data, Memphis ranks #31 from cheapest to most expensive.
Are there cheaper 4+ bedroom options near Memphis?
Yes — nearby cities with cheaper 4+ bedroom rents include Millington ($2,110), Hernando ($2,140).