7 properties observed within a 5-mile radius of Memphis center, average asking rent $1,775.
| Type | Avg asking | Avg effective | Avg sqft | Properties |
|---|---|---|---|---|
| Studio | $1,360 | $1,360 | not observed | 4 |
| 1 bedroom | $1,034 | $1,022 | 954 | 5 |
| 2 bedroom | $1,739 | $1,677 | 1,248 | 1 |
| 3 bedroom | $2,450 | $2,388 | 1,559 | 1 |
| 4+ bedroom | $3,770 | $3,770 | 2,194 | 1 |
Market intelligence and decision support only. Not an appraisal, and not a recommendation to set any particular rent.