Data updated 2026-09-28 · 354 active rental listings analyzed · 592 SFR sales in comp window
$1,350
3BR Median Rent
$195K
Median SFR Price
4.3%
Est. Cap Rate
8.0%
Gross Yield
Rental Market by Bedroom — University-Audubon
Median asking rent, interquartile range, and active comp count. Source: live Memphis MLS rental listings, updated 2026-09-28.
Size
Median Rent
Typical Range (P25–P75)
Active Comps
1BR
$850/mo
$696 – $900
31 listings
2BR
$995/mo
$860 – $1,150
172 listings
3BR
$1,350/mo
$1,225 – $1,545
119 listings
4BR
$1,450/mo
$1,295 – $1,650
28 listings
5BR
$1,995/mo
$1,995 – $2,500
4 listings
Investment Return Estimate
At the median University-Audubon SFR sale price of $194,750, using median 3BR rent. Estimates assume 8% management fee, $2,727/yr taxes, $1,100/yr insurance, and $1,243/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 354 live competing University-Audubon 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.
What does a 3-bedroom house rent for in University-Audubon, Memphis?
Based on 119 active 3-bedroom rental listings in University-Audubon as of 2026-09-28, the median asking rent is $1,350/mo (range: $1,225–$1,545/mo). Rents vary by condition, renovations, and included amenities.
What is the cap rate for rental properties in University-Audubon?
The estimated cap rate in University-Audubon is approximately 4.3%, based on a median SFR sale price of $194,750 and a median 3-bedroom annual rent of $16,200. This is a gross-income-based estimate; actual returns depend on condition, vacancy, and financing.
What is the gross rental yield in University-Audubon?
The estimated gross yield in University-Audubon is 8.0%, calculated from 592 SFR sales and 235 active rental listings. Gross yield does not account for expenses; net operating income is estimated at $8,295/yr at median price and rent.
How does a Memphis property management company price rent for University-Audubon?
Professional property managers in Memphis typically reference active competing listings, vacancy rates, and unit condition. LPS uses a live database of 354 comparable listings in University-Audubon 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 $1,350/mo property in University-Audubon, that is approximately $108/mo in management fees.
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