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
$443
2023
$491
Total change
+$48
% change
+10.8%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $443 | — |
| 2019 | $518 | +$75 (16.9%) |
| 2020 | $430 | $88 (-17%) |
| 2021 | $445 | +$15 (3.5%) |
| 2022 | $443 | $2 (-0.4%) |
| 2023 | $491 | +$48 (10.8%) |