Data updated 2026-06-29 · 147 active rental listings analyzed · 131 SFR sales in comp window
$1,035
3BR Median Rent
$95K
Median SFR Price
7.8%
Est. Cap Rate
13.3%
Gross Yield
Rental Market by Bedroom — South 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
1BR
$695/mo
$599 – $795
35 listings
2BR
$849/mo
$699 – $1,000
67 listings
3BR
$1,035/mo
$975 – $1,200
33 listings
4BR
$1,300/mo
$1,000 – $1,450
10 listings
5BR
$1,800/mo
$1,350 – $1,800
2 listings
Investment Return Estimate
At the median South Memphis SFR sale price of $95,000, using median 3BR rent. Estimates assume 8% management fee, $1,330/yr taxes, $1,100/yr insurance, and $1,008/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 147 live competing South 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 — South Memphis Rental Market
What does a 3-bedroom house rent for in South Memphis, Memphis?
Based on 33 active 3-bedroom rental listings in South Memphis as of 2026-06-29, the median asking rent is $1,035/mo (range: $975–$1,200/mo). Rents vary by condition, renovations, and included amenities.
What is the cap rate for rental properties in South Memphis?
The estimated cap rate in South Memphis is approximately 7.8%, based on a median SFR sale price of $95,000 and a median 3-bedroom annual rent of $12,420. This is a gross-income-based estimate; actual returns depend on condition, vacancy, and financing.
What is the gross rental yield in South Memphis?
The estimated gross yield in South Memphis is 13.3%, calculated from 131 SFR sales and 33 active rental listings. Gross yield does not account for expenses; net operating income is estimated at $7,398/yr at median price and rent.
How does a Memphis property management company price rent for South Memphis?
Professional property managers in Memphis typically reference active competing listings, vacancy rates, and unit condition. LPS uses a live database of 147 comparable listings in South 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 $1,035/mo property in South Memphis, that is approximately $83/mo in management fees.
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