Performance indicators for the Memphis short-term rental market based on reliable data.
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Reliable / Active
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The highest-performing listings in Memphis.
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Generally Investor friendly
STRs are explicitly allowed with a straightforward operating permit, moderate fees ($100 application, $50 renewal), and a clear safety/insurance checklist tied to state law; there are no meaningful caps, the process is well-defined, and enforcement is routine but not severe, making Memphis investor‑friendly despite the usual permitting and tax compliance steps.
Local STR Agent
STR specialist · Memphis, TN
Memphis, Tennessee, is a vibrant city located in the southwestern corner of the state along the Mississippi River. As of the latest census, Memphis has a population of approximately 650,000 people, making it the largest city in Tennessee. Situated about 200 miles west of Nashville, Memphis is known for its rich cultural heritage, musical history, and significant landmarks.
One of the city's most iconic sites is Graceland, the former home of Elvis Presley, which attracts music lovers from around the globe. More information can be found on the official Graceland website: Graceland. Another major attraction is Beale Street, a historic street famous for its vibrant nightlife and live blues music. For those interested in civil rights history, the National Civil Rights Museum, located at the former Lorraine Motel where Dr. Martin Luther King Jr. was assassinated, is a must-visit: National Civil Rights Museum.
The appeal of short-term rentals in Memphis lies in its diverse attractions and affordability compared to larger metropolitan areas. Many visitors seek accommodations that provide a local, authentic experience close to these landmarks. Short-term rentals often offer amenities and flexibility that hotels do not, such as fully equipped kitchens and the opportunity to stay in unique neighborhoods that reflect the city's character.
Memphis's unique mix of historical significance, musical legacy, and vibrant local culture make it an attractive destination for travelers, thereby enhancing the appeal of short-term rentals in the city.
