The average rent in Memphis is $1,822, according to an annual survey of U.S. cities by real estate website Zillow.
The median monthly rent in metro Memphis is about $1.3, the highest in the country.
And it costs an average of $1 million to buy an apartment in Memphis.
Rent in Memphis has been on a steady climb in recent years.
In 2014, the median monthly rental in Memphis was $1 and in 2015, it was $2,717.
A couple renting an apartment at a low cost in downtown Memphis has to shell out more than $1 to live in a rental unit.
The average monthly rent for a two-bedroom apartment in downtown is $2.3 million.
The city of Memphis has more than 3.5 million people.