Data updated 2026-06-29 · 297 active rental listings analyzed · 627 SFR sales in comp window
$1,250
3BR Median Rent
$180K
Median SFR Price
4.5%
Est. Cap Rate
8.3%
Gross Yield
Rental Market by Bedroom — University-Audubon
Median asking rent, interquartile range, and active comp count. Source: live Memphis MLS rental listings, updated 2026-06-29.
Size
Median Rent
Typical Range (P25–P75)
Active Comps
1BR
$795/mo
$699 – $875
35 listings
2BR
$965/mo
$895 – $1,050
158 listings
3BR
$1,250/mo
$1,100 – $1,385
80 listings
4BR
$1,500/mo
$1,400 – $1,695
22 listings
5BR
$6,495/mo
$1,895 – $6,495
2 listings
Investment Return Estimate
At the median University-Audubon SFR sale price of $180,000, using median 3BR rent. Estimates assume 8% management fee, $2,520/yr taxes, $1,100/yr insurance, and $1,200/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 297 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 80 active 3-bedroom rental listings in University-Audubon as of 2026-06-29, the median asking rent is $1,250/mo (range: $1,100–$1,385/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 4.5%, based on a median SFR sale price of $180,000 and a median 3-bedroom annual rent of $15,000. 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 8.3%, calculated from 627 SFR sales and 79 active rental listings. Gross yield does not account for expenses; net operating income is estimated at $8,080/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 297 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 $1,250/mo property in University-Audubon, that is approximately $100/mo in management fees.
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