Memphis is the 47th largest multifamily market with 102,766 completed units and 19,473 units in development, 3,660 of which have already broken ground, as of September 2022.
Memphis Multifamily Market Summary – September 2022
New lease asking rents are at $1,140, up 8.0%▲
from the previous year placing Memphis at 84th
overall in year-over-year rent growth.
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Memphis Multifamily Market Summary – August 2022
New lease asking rents are at $1,139, up 9.1%▲
from the previous year placing Memphis at 79th
overall in year-over-year rent growth.
Memphis Multifamily Market Summary – July 2022
New lease asking rents are at $1,140, up 10.9%▲
from the previous year placing Memphis at 67th
overall in year-over-year rent growth.
Memphis Multifamily Market Summary – June 2022
New lease asking rents are at $1,145, up 13.4%▲
from the previous year placing Memphis at 46th
overall in year-over-year rent growth.
Memphis Multifamily Market Summary – May 2022
New lease asking rents are at $1,129, up 13%▲
from the previous year placing Memphis at 51st
overall in year-over-year rent growth.
Memphis Multifamily Market Summary – April 2022
New lease asking rents are at $1,116, up 13.3%▲
from the previous year placing Memphis at 48th
overall in year-over-year rent growth.
Memphis Multifamily Market Summary – March 2022
New lease asking rents are at $1,097, up 13%▲
from the previous year placing Memphis at 53rd
overall in year-over-year rent growth.
Memphis Multifamily Market Summary – February 2022
New lease asking rents are at $1,087, up 13.1%▲
from the previous year placing Memphis at 54th
overall in year-over-year rent growth.
Memphis Multifamily Market Summary – January 2022
New lease asking rents are at $1,080, up 13.3%▲
from the previous year placing Memphis at 54th
overall in year-over-year rent growth.
Memphis Multifamily Market Summary – December 2021
New lease asking rents are at $1,065, up 12.6%▲
from the previous year placing Memphis at 47th
overall in year-over-year rent growth.
