Hotel Prices in Memphis, Tennessee
As of September 11, 2026, the median nightly hotel price in Memphis is $132 across a sample of 50 properties, with rates ranging from $40 to $404, down 9.6% vs last month.
Updated September 11, 2026
About 38% of sampled rates include free cancellation.
Price statistics by month
| Month | Median / night | Lowest | Highest | Properties sampled |
|---|---|---|---|---|
| August 2026 | $146 | $41 | $619 | 50 |
| September 2026 | $132 | $40 | $404 | 50 |
Property counts are sample sizes, not hotel inventory: each city search returns up to 50 properties, so a count of 50 means the sample reached that cap rather than the city having only 50 hotels.
Price statistics by hotel class
| Hotel class | Median / night | Properties sampled |
|---|---|---|
| 3-star hotels | $130 | 20 |
| 4-star hotels | $240 | 15 |
Median price trend
Frequently asked questions
What is the average hotel price in Memphis, Tennessee?
As of September 11, 2026, the median nightly hotel price in Memphis is $132, based on a sample of 50 properties for a weekend stay with 2 adults in 1 room.
How much is a 4-star hotel in Memphis?
As of September 11, 2026, the median nightly rate for a 4-star hotel in Memphis is $240, across 15 4-star properties in the same sample.
When is the cheapest time to book a hotel in Memphis?
Of the 2 months tracked so far, September 2026 had the lowest median nightly rate in Memphis at $132 (a sample of 50 properties), and August 2026 the highest at $146 (a sample of 50 properties). Every capture uses the same weekend basket, so the comparison is like for like.
How much does a cheap hotel in Memphis cost?
As of September 11, 2026, the lowest nightly hotel rate found in Memphis was $40 and the highest was $404, across a sample of 50 properties.
Do hotels in Memphis offer free cancellation?
As of September 11, 2026, about 38% of sampled hotel rates in Memphis included free cancellation.
Methodology
Statistics are captured from live hotel searches across our partner booking sites for a standard basket: 2 adults, 1 room, weekend stay (Friday to Sunday) about 30 days out. Prices are per-night rates in USD before taxes and fees, using each property's cheapest available rate. The latest snapshot sampled 50 properties for 2026-10-16 to 2026-10-18. Trends and month-to-month comparisons appear once a city has 3 snapshots.
Read the full methodology — sample size rules, why thin samples stay unpublished, and why trends appear late.