Rents in the Memphis metro are continuing to ease as 2025 comes to a close, giving renters some relief after years of elevated housing costs.
The Realtor.com® November 2025 Rental Report shows that Memphis is firmly part of the national cooldown, with asking rents moving lower year over year.
While the trend is positive, affordability remains a challenge for many households across the region.
Memphis rents decline, offering modest relief
Memphis posted a 1.6% year-over-year decline in median asking rent for 0- to 2-bedroom units in November, with the average in the area clocking in at $1,165…