Average Rent Cost in Memphis, TN
COL Index: 84.1
Pop: 633,104
→ Stable
The average rent cost cost in Memphis, TN is $0 per month, which is 100.0% below the national average of $1,372.
Rent Costs: Memphis vs. National Average
| Metric | Memphis | National Average | Difference | Trend |
|---|---|---|---|---|
| Rent (Monthly) | $0 | $1,372 | -100% | → Stable |
Full Cost of Living Breakdown for Memphis
| Expense Category | Memphis (Monthly) | National Average | Difference |
|---|---|---|---|
| Rent | $925 | $1,372 | -32.6% |
| Groceries | $430 | $475 | -9.5% |
| Utilities | $175 | $185 | -5.4% |
| Transportation | $230 | $225 | +2.2% |
| Childcare | $1,050 | $1,450 | -27.6% |
| Healthcare | $440 | $475 | -7.4% |
| Dining Out | $235 | $290 | -19% |
| Total Monthly | $3,485 |
Monthly Budget Recommendation for Memphis
Based on current cost of living data, plan for approximately $3,485 per month to cover all major living expenses in Memphis, TN.
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Learn More About New Day BudgetingAverage Rent Cost in Memphis, TN
The average monthly rent cost cost in Memphis, TN is $0, which is 100.0% lower than the national average of $1,372 per month.
Memphis has a cost of living index of 84.1 (100 = national average).
Data sourced from BLS Consumer Expenditure Survey, Census Bureau American Community Survey (ACS), and HUD Fair Market Rents. Figures reflect 2026 estimates and may vary based on household size and lifestyle.