Data updated 2026-08-10 · 55 active rental listings analyzed · 822 SFR sales in comp window
$1,510
3BR Median Rent
$306K
Median SFR Price
2.7%
Est. Cap Rate
5.7%
Gross Yield
Rental Market by Bedroom — East Memphis
Median asking rent, interquartile range, and active comp count. Source: live Memphis MLS rental listings, updated 2026-08-10.
Size
Median Rent
Typical Range (P25–P75)
Active Comps
2BR
$1,250/mo
$1,145 – $1,350
6 listings
3BR
$1,510/mo
$1,300 – $1,745
38 listings
4BR
$2,300/mo
$1,825 – $3,395
11 listings
Investment Return Estimate
At the median East Memphis SFR sale price of $305,500, using median 3BR rent. Estimates assume 8% management fee, $4,277/yr taxes, $1,100/yr insurance, and $1,394/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 0.6 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 55 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 38 active 3-bedroom rental listings in East Memphis as of 2026-08-10, the median asking rent is $1,510/mo (range: $1,300–$1,745/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 2.7%, based on a median SFR sale price of $305,500 and a median 3-bedroom annual rent of $18,120. 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 5.7%, calculated from 822 SFR sales and 76 active rental listings. Gross yield does not account for expenses; net operating income is estimated at $8,218/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 55 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 $1,510/mo property in East Memphis, that is approximately $121/mo in management fees.
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