MEMPHIS, TN (WMC) - The cost of rent in Memphis grew 2 percent year-over-year, according to a report published by ApartmentList.com.
In the report, the site said it tracked rent growth, median prices, and market trends.
Over the past month, Memphis rent increased .2 percent, but two full percentage points year to year. Median rent prices remain more affordable than other cities nationwide.
The national rent index increased by 2.9 percent year to year.
The following is how ApartmentList.com explains where its data comes from: