Memphis city: Median Gross Rent Trend
How Memphis city'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
$664
2023
$832
Total change
+$168
% change
+25.3%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $664 | — |
| 2019 | $723 | +$59 (8.9%) |
| 2020 | $718 | $5 (-0.7%) |
| 2021 | $752 | +$34 (4.7%) |
| 2022 | $841 | +$89 (11.8%) |
| 2023 | $832 | $9 (-1.1%) |