Rent by ZIP · Shelby County
Rent in Memphis, TN 38126
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,000 (-5.7% vs FY2026). Renters in this ZIP code pay a median $787 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $840 | $840 | 0% | $756–924 | $678 ±$365 |
| 1 bedroom | $910 | $940 | -3.2% | $819–1,001 | $598 ±$328 |
| 2 bedrooms | $1,000 | $1,060 | -5.7% | $900–1,100 | $788 ±$186 |
| 3 bedrooms | $1,310 | $1,390 | -5.8% | $1,179–1,441 | $1,281 ±$300 |
| 4 bedrooms | $1,510 | $1,620 | -6.8% | $1,359–1,661 | $1,329 ±$174 |
Small Area FMRs for the Memphis, TN-MS-AR HUD Metro FMR Area. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Memphis, TN-MS-AR HUD Metro FMR Area, 2 bedrooms: $1,301.
What renters pay in 38126
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 38125 | Memphis | $1,590 | $1,593 |
| 38127 | Memphis | $1,180 | $1,020 |
| 38128 | Memphis | $1,350 | $1,109 |
| 38122 | Memphis | $1,240 | $1,064 |
| 38120 | Memphis | $1,680 | $1,813 |
| 38119 | Memphis | $1,460 | $1,438 |
Fair Market Rents across Shelby County, TN · All TN counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.