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
$527
2023
$608
Total change
+$81
% change
+15.4%
| Year | Median Gross Rent | Change |
|---|---|---|
| 2017 | $527 | — |
| 2019 | $517 | $10 (-1.9%) |
| 2020 | $521 | +$4 (0.8%) |
| 2021 | $492 | $29 (-5.6%) |
| 2022 | $544 | +$52 (10.6%) |
| 2023 | $608 | +$64 (11.8%) |