Memphis CDP: Median Gross Rent Trend
How Memphis CDP's median gross rent changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$885
2023
$1,155
Total change
+$270
% change
+30.5%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $885 | — |
| 2019 | $1,032 | +$147 (16.6%) |
| 2020 | $1,028 | $4 (-0.4%) |
| 2021 | $1,123 | +$95 (9.2%) |
| 2022 | $1,135 | +$12 (1.1%) |
| 2023 | $1,155 | +$20 (1.8%) |