Rental market snapshot for East Memphis-Colonial-Yorkshire, Memphis
East Memphis-Colonial-Yorkshire rental market summary
The rental market in East Memphis-Colonial-Yorkshire, Tennessee is showing signs of growth. In July 2023, there were 533 new listings, indicating that more people are looking to rent in the area. The median rent in July 2023 was $1,345, a slight decrease of .4% from the previous month. However, this is a 7.2% increase from the median rent in July 2022, indicating that the rental market is growing.
Overall, the rental market in East Memphis-Colonial-Yorkshire, Tennessee is showing signs of growth. With more new listings and a steady increase in median rent, it is likely that the rental market will continue to grow in the coming months.
Median rent for all residential properties in East Memphis-Colonial-Yorkshire
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The most expensive listings and top trending buildings in East Memphis-Colonial-Yorkshire
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 2935 Tishomingo Ln | $3,600 | 5 / 3.5 |
| 2540 Broad Ave | $2,470 | 2 / 2.0 |
| 609 Watson St | $2,460 | 4 / 2.5 |
| 4205 CHARLESWOOD AVENUE | $2,435 | 4 / 3.0 |
| 593 Alexander St | $2,400 | 4 / 3.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| RAM Partners LLC | $1,395 |
| Grubb Properties | $1,358 |
| Envolve Communities LLC | $950 |
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Bedroom Breakdown in East Memphis-Colonial-Yorkshire
East Memphis-Colonial-Yorkshire neighborhood apartments rents
The rental market for studios in East Memphis-Colonial-Yorkshire, Tennessee is showing signs of improvement. In July 2023, there was only one new studio listing, but the median rent decreased by 17.0% from June 2023 to July 2023, from $1,484 to $1,231. This suggests that the rental market is becoming more competitive, with landlords offering lower rents to attract tenants.
The rental market for 1-bedroom apartments in East Memphis-Colonial-Yorkshire, Tennessee is showing signs of growth. In July 2023, there were 10 new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in July 2023 was $1,382, a 5.9% decrease from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for 1-bedroom apartments in East Memphis-Colonial-Yorkshire, Tennessee is showing signs of growth and increased competition.
The rental market for 2-bedroom apartments in East Memphis-Colonial-Yorkshire, Tennessee is relatively stable. In July 2023, there were 18 new 2-bedroom listings, and the median rent for 2-bedroom apartments was $1,198, only a .2% decrease from the median rent in June 2023. This indicates that the rental market in the area is not experiencing any significant changes in pricing or availability.