Memphis, Tennessee Short Term Rental Regulations
Navigate short-term rental regulations with ease! From coastal retreats to urban hubs, our in-depth guides break down the essentials for cities across the nation. Stay informed of changes to local Airbnb rules with our up-to-date insights and best practices.
Reviewed by Karolyn Hutson
Last updated August 23, 2023
Memphis Short-Term Rental Regulations
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Short Term City Rating6.2
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Competition
4.5 -
Real Estate Cost
8.6 -
STR Regulations
N/A -
Seasonality
7.6 -
Rental Rates
4.0
Memphis, Tennessee Quick Stats
Short-term rentals have gained a lot of traction in the last few years. The trends and statistics of this sector are constantly changing, and having access to accurate data is essential for making sound investment decisions.
- Population
- 633,104
- STR License Required
- No
- Tourist Season
- County
- Shelby
- Airports
- Memphis International Airport (MEM)
- Olive Branch Airport (OLV)
Want to learn more about Memphis?
Hostscouts has you covered. Our guides for this city cover topics that can help you research cities across the US quickly and easily.
Check out our Memphis rental analytics guide if you're interested in data on the Memphis rental market.
Review the popular activities that hosts include in their property positing in Memphis.
The most popular local and regional landmarks hosts usually include in their Airbnb or Vrbo property listings.
Explore nightly rates that hosts list their properties and the average fees for pets and additional guests.
What are the most popular property sizes for rent? Research whether a 1, 2, or 3 bedroom best fits Memphis guests.
Interested in other Tennessee cities?
Check out the Tennessee short term rental regulations directory
What makes Memphis a great place to invest?
- Birthplace of Rock 'n' Roll: Follow the footsteps of legends like Elvis Presley and Johnny Cash at the iconic Sun Studio, where the musical careers of these greats were launched. Don't miss a visit to Graceland, the former home of the "King" himself, and a true pilgrimage for music lovers.
- Soul-Stirring Civil Rights History: Delve into the poignant history of the Civil Rights Movement at the National Civil Rights Museum, located at the Lorraine Motel, where Dr. Martin Luther King Jr. was tragically assassinated in 1968. This moving experience will leave you inspired and informed.
- BBQ Heaven: Memphis is renowned for its succulent, slow-cooked barbecue. Treat your taste buds to the city's signature dry-rub ribs and pulled pork sandwiches at one of the many bustling BBQ joints, like the legendary Central BBQ or Charlie Vergos' Rendezvous.
- Blues on Beale Street: Immerse yourself in the electric atmosphere of Beale Street, the heart of Memphis' blues scene. Dance the night away at live music venues, sample Southern fare at lively restaurants, and catch street performers showcasing their talents.
- Outdoor Fun on the Mississippi River: Get active with a variety of outdoor activities along the Mighty Mississippi. Rent a kayak or paddleboard, join a riverboat cruise, or explore the picturesque Mud Island River Park for panoramic views of the city skyline.
- Shelby Farms Park: Discover this sprawling 4,500-acre urban park, one of the largest in the US, boasting more than 40 miles of trails, serene lakes, and diverse wildlife. Enjoy hiking, biking, horseback riding, or even zip-lining through the treetops at the park's adventure center.
Memphis Nearby Cities
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132 miles away
- Rating: 7.5
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164 miles away
- Rating: 7.3
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Local Real Estate
How expensive is the real estate in Memphis?
The cost of real estate can vary widely depending on the location, size, and features of the property, as well as market conditions. The median home value in Memphis has decreased -4% over the past year, and the average price per square foot is $164, which is lower than the national average.
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Median Sale Price
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$268,726
-4% YoY
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Median per Square Foot
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$164
-1% YoY
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Average Monthly Rent
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$1,345
3% YoY
The most common terms hosts include in their listings for Memphis, Tennessee
Common terms for Memphis short term rental listings.
When potential guests are scrolling through listings on Airbnb, they’re looking for certain essential information to help them decide if your property is the right fit for their needs. As a host, ensuring that your listing includes all the relevant information that guests will be looking for is vital.
Some of the must-have elements of a property description include:
- Location: Guests will want to know where your property is located in relation to popular attractions, public transportation, and other points of interest.
- Amenities: What amenities does your property offer? Be sure to list all features guests can access, such as a pool, hot tub, parking, etc.
- Informative: The average listing in Memphis has a description approximately 1,313 words long. Make sure yours is long enough to describe your property but doesn't require your potential guest to read a novel.
After reviewing more than 2,547 listings in Memphis, we've consolidated the most common terms on the word cloud. The larger text represents a term that is used more often. The top ten mentioned terms are Memphis, Place, Perfect, Downtown, Spacious, Comfortable, Graceland, Midtown, Cozy, and Beale.
What are the most popular tourist activities in Memphis?
Whether renting a house, an apartment, or a room, you should include popular tourist activities in your posting. The most common choices mentioned on property listings in Memphis involve going to the City Centre, Museums, the Zoo, Adventure Activities, and Cycling. When you write your listing, have a section with recommended activities near the property to give your guests an idea of what is available.
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City Centre
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Museums
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Zoo
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Adventure Activities
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Cycling
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Outlet Shopping
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Health Spa
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Antiquing
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Hiking
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Casinos
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Boating
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Swimming
Local Attractions
What attractions do hosts highlight to guests?
There are quite a few popular attractions in Memphis, including Graceland, FedEx Forum, Beale Street, University of Memphis, and Memphis Zoo. Below we've included the most popular local and regional landmarks hosts usually include in their Airbnb or Vrbo property listings. Many hosts like to show off lesser-known regional landmarks visitors might not have heard of.
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Well Known Attraction
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University of Memphis
Included on most listings
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Local Landmark
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Overton Park
Included on most listings
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Regional Landmark
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Memphis Zoo
Included on most listings
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Regional Landmark
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Rhodes College
Included on most listings
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Regional Landmark
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National Civil Rights Museum at the Lorraine Motel
Included on 91% of listings
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Well Known Attraction
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Graceland
Included on 91% of listings
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Well Known Attraction
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FedEx Forum
Included on 91% of listings
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Well Known Attraction
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Beale Street
Included on 91% of listings
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Regional Landmark
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Peabody Ducks
Included on 91% of listings
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Local Landmark
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Sun Studio
Included on 91% of listings
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Regional Landmark
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AutoZone Park
Included on 90% of listings
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Regional Landmark
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Beale Street Landing
Included on 90% of listings
What’s the weather like in Memphis, Tennessee?
The weather is about the same as the national average, with an average high temperature of around 72°, while the average low is about 54°. The rainfall is much heavier, averaging about 45 inches per year, compared to the national average of about 27 inches. Snowfall is relatively rare, averaging less than 4 inches per year. The humidity levels in Memphis are generally muggier than the national average, and the city has a mix of clouds and sunshine for most of the year.
Winter
December through February
36° Low 52° High
Spring
March through May
54° Low 73° High
Summer
June through August
72° Low 90° High
Fall
September through November
55° Low 73° High
Cities Near Memphis
Memphis, Tennessee, is located in Shelby County. Some cities that are located nearby include:
