MEMPHIS, Tenn. -- Memphis's apartment monthly rental price averaged $1,134 in December, according to RentCafe. According to RentCafe, an apartment search website, the average monthly rental price in Memphis is well below the national average of $1,737. RentCafe said that 45% of apartments rent for $ 1,000 or less, while another 40% fall between $1,001–$1,500, leaving [...] ...read more read less