Checked
Rent Prices in Memphis, FL
Median gross rent (rent plus utilities) by number of bedrooms. American Community Survey 2020-2024 5-year estimates.
- Median rent
- $1,173/mo
- Florida $1,669/mo
- 2-bedroom median rent
- $1,357/mo
- Florida $1,664/mo
- Renters paying 30%+ of income
- 65.3%
- Florida 60.1%
- Renter households
- 601
- Florida 2,834,163
Memphis has fewer than 10,000 residents, so these survey estimates have wide margins of error. Compare with care.
Median rent by number of bedrooms
Gross rent: contract rent plus utilities
| Bedrooms | Median rent |
|---|---|
| Studio (no bedroom) | Not reported |
| 1 bedroom | $1,055/mo |
| 2 bedrooms | $1,357/mo |
| 3 bedrooms | $1,303/mo |
| 4 bedrooms | Not reported |
| 5 or more bedrooms | Not reported |
Rent as a share of income
Renter households where the share could be computed
- Pay 30% or more of income33865.3%
- Pay 50% or more of income24447.1%
The median renter household spends 42.5% of its income on rent.
HUD Fair Market Rent, fiscal year 2027
North Port-Bradenton-Sarasota, FL MSA
2 bedrooms: $2,188/mo. HUD Fair Market Rent is used for housing assistance and is not an asking rent.
How it compares
Swipe the table sideways to see more columns.
| Area | Median rent | 1 bedroom | 2 bedrooms | 3 bedrooms | Renters paying 30%+ of income |
|---|---|---|---|---|---|
| Memphis, FL | $1,173/mo | $1,055/mo | $1,357/mo | $1,303/mo | 65.3% |
| Manatee County | $1,671/mo | $1,380/mo | $1,639/mo | $1,845/mo | 60.6% |
| Florida | $1,669/mo | $1,430/mo | $1,664/mo | $1,884/mo | 60.1% |
| United States | $1,413/mo | $1,235/mo | $1,407/mo | $1,584/mo | 51.1% |
Frequently asked questions
- What is the median rent in Memphis, FL?
- The median gross rent in Memphis, FL is $1,173 a month, and a typical 2-bedroom rents for $1,357/mo.
- How does Memphis compare with Florida?
- The median rent in Memphis is $1,173/mo, compared with $1,669/mo for Florida as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates