Uptown / North Memphis Rental Property Investment Guide
Memphis, TN · Live rental market data
Data updated 2026-06-29 · 112 active rental listings analyzed · 144 SFR sales in comp window
$1,350
3BR Median Rent
$207K
Median SFR Price
4.1%
Est. Cap Rate
7.7%
Gross Yield
Rental Market by Bedroom — Uptown / North 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
$795/mo
$665 – $975
23 listings
2BR
$950/mo
$795 – $1,440
35 listings
3BR
$1,350/mo
$1,195 – $1,595
38 listings
4BR
$1,550/mo
$1,450 – $1,725
15 listings
5BR
$1,550/mo
$1,550 – $1,550
1 listings
Investment Return Estimate
At the median Uptown / North Memphis SFR sale price of $206,500, using median 3BR rent. Estimates assume 8% management fee, $2,891/yr taxes, $1,100/yr insurance, and $1,272/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 112 live competing Uptown / North 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 — Uptown / North Memphis Rental Market
What does a 3-bedroom house rent for in Uptown / North Memphis, Memphis?
Based on 38 active 3-bedroom rental listings in Uptown / North Memphis as of 2026-06-29, the median asking rent is $1,350/mo (range: $1,195–$1,595/mo). Rents vary by condition, renovations, and included amenities.
What is the cap rate for rental properties in Uptown / North Memphis?
The estimated cap rate in Uptown / North Memphis is approximately 4.1%, based on a median SFR sale price of $206,500 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 Uptown / North Memphis?
The estimated gross yield in Uptown / North Memphis is 7.7%, calculated from 144 SFR sales and 37 active rental listings. Gross yield does not account for expenses; net operating income is estimated at $8,411/yr at median price and rent.
How does a Memphis property management company price rent for Uptown / North Memphis?
Professional property managers in Memphis typically reference active competing listings, vacancy rates, and unit condition. LPS uses a live database of 112 comparable listings in Uptown / North 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 $1,350/mo property in Uptown / North Memphis, that is approximately $108/mo in management fees.
Get a Free Property Underwriting Report for Your Uptown / North Memphis Address
We'll pull the live comp set, run the LTR and STR projections, and show you the actual numbers — no estimates, no guesswork.