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
$862
2023
$1,123
Total change
+$261
% change
+30.3%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $862 | — |
| 2019 | $901 | +$39 (4.5%) |
| 2020 | $915 | +$14 (1.6%) |
| 2021 | $965 | +$50 (5.5%) |
| 2022 | $1,050 | +$85 (8.8%) |
| 2023 | $1,123 | +$73 (7%) |