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Tennessee Landlord Guide

How to Rent Your Home in Memphis, TN

Everything a first-time landlord needs to know about renting out a home in Memphis. Market data, local regulations, tax considerations, and your step-by-step action plan.

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Memphis rental market snapshot

Median rent

$1,200/mo

Median home price

$185,000

Property tax rate

1.5%

Why rent your home in Memphis?

1No state income tax on rental income
2Very affordable home prices with high rental yields
3FedEx world headquarters creates logistics and corporate tenant demand
4Strong university and medical center presence (University of Memphis, St. Jude)
5No rent control — Tennessee prohibits local rent control ordinances

Memphis landlord regulations

  • Tennessee Uniform Residential Landlord and Tenant Act governs leases
  • No statewide landlord licensing requirement
  • No statutory cap on security deposits in Tennessee
  • Landlords must return deposits within 30 days with itemized deductions if withheld
  • Memphis and Shelby County have no additional local rental registration requirements for single-family homes

Popular rental neighborhoods

MidtownCooper-YoungEast MemphisGermantownColliervilleBartlett

Landlord guides for Memphis homeowners

What You Can Write Off When Starting to Rent Your Home

From insurance premiums to that new appliance you bought before move-in, many first-year landlord costs are deductible. Here's what qualifies, what doesn't, and how to maximize your write-offs.

The True Cost of Being a Landlord: What the Numbers Actually Look Like in 2026

Rental income sounds great until you account for maintenance, vacancy, insurance, taxes, and turnover. Here's an honest breakdown of what landlording actually costs — and how to budget for it.

Landlord-Friendly vs. Landlord-Hostile States: What Every First-Time Landlord Needs to Know in 2026

Where your property sits on the map shapes nearly every decision you'll make as a landlord. Here's how state laws protect — or restrict — your rights as a first-time property owner.

Fair Housing and Accessibility: What Every Landlord Must Know (And What Can Get You Sued)

The Fair Housing Act protects tenants in ways most first-time landlords don't fully understand. Here's what you're legally required to do — and the mistakes that generate complaints and lawsuits.

Explore other Tennessee cities

Nashville, TN

Can you rent your home in Memphis?

Take our free 2-minute quiz to check your mortgage type, HOA rules, and local requirements. Get a personalized Rental Readiness Score with your exact next steps.

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