MARKET SNAPSHOT Memphis q3 2025

Market Overview

‍The metro Memphis multifamily market continued to move toward stability in Q3 2025 with average asking rent near 1,112 dollars per unit and occupancy at 93.2 percent. Year to date absorption reached roughly 1,172 units while new completions totaled about 1,658 units. With supply growth moderating and demand holding steady, fundamentals are showing clearer signs of balance heading into 2026.

‍About MMG

‍MMG Real Estate Advisors is a national multifamily research and advisory firm focused on metro level rental housing trends. Their Q3 2025 Memphis market report provides data on rents, occupancy, absorption, completions and pipeline dynamics to support owners, developers and investors in timing and strategic positioning. To read the full report, click here.