Data updated 2026-06-29 · 72 active rental listings analyzed · 816 SFR sales in comp window
$1,395
3BR Median Rent
$310K
Median SFR Price
2.5%
Est. Cap Rate
5.4%
Gross Yield
Rental Market by Bedroom — East Memphis
Median asking rent, interquartile range, and active comp count. Source: live Memphis MLS rental listings, updated 2026-06-29.
Size
Median Rent
Typical Range (P25–P75)
Active Comps
2BR
$1,295/mo
$1,150 – $1,350
8 listings
3BR
$1,395/mo
$1,250 – $1,650
50 listings
4BR
$1,795/mo
$1,550 – $2,700
13 listings
5BR
$1,650/mo
$1,650 – $1,650
1 listings
Investment Return Estimate
At the median East Memphis SFR sale price of $309,950, using median 3BR rent. Estimates assume 8% management fee, $4,339/yr taxes, $1,100/yr insurance, and $1,339/yr maintenance reserve.
Our numbers come from an operated book, not estimates. Across 35 LPS-managed STR properties with at least 4 months of operational history, our portfolio runs within 0.1 percentage point of each property's own-zip Airbtics market median occupancy — at-market, verified against two independent commercial data sources. For LTR, we reference 72 live competing East Memphis listings to price each door, updated weekly.
We don't claim a premium we can't prove. Our proposals include the actual comp data behind every number.
Frequently Asked Questions — East Memphis Rental Market
What does a 3-bedroom house rent for in East Memphis, Memphis?
Based on 50 active 3-bedroom rental listings in East Memphis as of 2026-06-29, the median asking rent is $1,395/mo (range: $1,250–$1,650/mo). Rents vary by condition, renovations, and included amenities.
What is the cap rate for rental properties in East Memphis?
The estimated cap rate in East Memphis is approximately 2.5%, based on a median SFR sale price of $309,950 and a median 3-bedroom annual rent of $16,740. This is a gross-income-based estimate; actual returns depend on condition, vacancy, and financing.
What is the gross rental yield in East Memphis?
The estimated gross yield in East Memphis is 5.4%, calculated from 816 SFR sales and 51 active rental listings. Gross yield does not account for expenses; net operating income is estimated at $7,618/yr at median price and rent.
How does a Memphis property management company price rent for East Memphis?
Professional property managers in Memphis typically reference active competing listings, vacancy rates, and unit condition. LPS uses a live database of 72 comparable listings in East Memphis with per-bedroom pricing to establish asking rent for each new property, updated weekly from portal data.
What does LPS (Longstep Property Solutions) charge for property management in Memphis?
LPS charges 8% of monthly rent for long-term rental management. There are no lease renewal fees or vacancy fees. On a $1,395/mo property in East Memphis, that is approximately $112/mo in management fees.
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