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Rent Prices in Memphis, MO
Median gross rent (rent plus utilities) by number of bedrooms. American Community Survey 2020-2024 5-year estimates.
- Median rent
- $471/mo
- Missouri $1,033/mo
- 2-bedroom median rent
- $533/mo
- Missouri $1,027/mo
- Renters paying 30%+ of income
- 27.6%
- Missouri 45.6%
- Renter households
- 177
- Missouri 799,814
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 | $378/mo |
| 2 bedrooms | $533/mo |
| 3 bedrooms | $633/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 income4327.6%
- Pay 50% or more of income2314.7%
The median renter household spends 18.6% of its income on rent.
HUD Fair Market Rent, fiscal year 2027
Scotland County, MO
2 bedrooms: $962/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, MO | $471/mo | $378/mo | $533/mo | $633/mo | 27.6% |
| Scotland County | $511/mo | $383/mo | $538/mo | $633/mo | 29.9% |
| Missouri | $1,033/mo | $858/mo | $1,027/mo | $1,220/mo | 45.6% |
| 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, MO?
- The median gross rent in Memphis, MO is $471 a month, and a typical 2-bedroom rents for $533/mo.
- How does Memphis compare with Missouri?
- The median rent in Memphis is $471/mo, compared with $1,033/mo for Missouri as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates