230 Apartments For Rent in Memphis, TN
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Memphis Apartment Options
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Apartments for Rent in Memphis, TN
The large city of Memphis, Tennessee is home to just under 654,000 people. The city's population, at an average age of just under 36, skews decidedly younger than most cities in Tennessee. Residents are fairly evenly split between renting (52%) and owning (48%) their home. At $904/month, the average rent is roughly the same as the state average.
Among residents over the age of 25 in Memphis, 16% possess a Bachelor's, Master's, Professional, or Doctoral degree. Many Memphis residents work in one of three industries: retail, healthcare, and warehousing. Together, these industries account for 18% of the city's workforce. Meanwhile, in terms of job function, 7% of residents work in sales, which ranks as the top career path in the city. Memphis workers earn an average annual income of around $54K, around $9,000 less than those elsewhere in Tennessee. Memphis's average income also trails the national average ($73,345).
With an average commute time of about 24 minutes, shorter than most cities in the state, Memphis residents have found that it isn't overly time-consuming to travel to work. Many residents (40%) drive to work, while public transit is not used widely. Walking isn't a common way to get to work.