Top-ranked schools, new construction, and 244% population growth in two decades

Arlington is the fastest-growing suburb in the Memphis metro — and one of the fastest-growing communities in all of Tennessee. What was a quiet rural town for nearly 200 years has transformed into a premier destination for families, professionals, and retirees drawn by top-rated schools, new-construction homes, and a small-town feel just 25 miles northeast of Downtown Memphis. With a median household income above $125,000, a 97% high school graduation rate, and a vacancy rate under 3%, Arlington is where demand outpaces supply — and that's exactly the kind of market rental property owners want to be in.

Longstep Property Solutions provides full-service property management for Arlington owners — handling everything from tenant screening and lease management for long-term rentals to dynamic pricing and guest coordination for short-term units. We know this market because we're local, and we manage properties across Arlington's growing neighborhoods so you get area-specific expertise, not a one-size-fits-all approach.

Key Neighborhoods in Arlington

Dawson Landing & Chapel Ridge

Dawson Landing and Chapel Ridge are among Arlington's most established family neighborhoods — featuring traditional and Craftsman-style homes, well-maintained streetscapes, and strong HOA standards that protect property values. Chapel Ridge sits near top-rated Arlington Community Schools campuses, making it a magnet for families who prioritize school zoning. Rental demand here is steady year-round, and tenants tend to sign multi-year leases because the neighborhood delivers exactly what families are looking for: safe streets, good schools, and community.

Trails of Arlington & Village of Arlington

These two master-planned communities represent Arlington's next generation of housing. Newer construction with open floorplans, energy-efficient builds, and modern finishes attract tenants who want a turnkey living experience without the commitment of buying. Trails of Arlington offers walking paths and green space connectivity, while Village of Arlington provides a more compact, neighborhood-centric layout. Both communities lease quickly because they offer the new-build quality tenants increasingly expect at a price point below Germantown and Collierville.

Hayesville Estates & Snyder Plantation

Hayesville Estates is a peaceful, family-friendly neighborhood known for well-kept homes, lush green spaces, and a close-knit feel. Snyder Plantation offers larger lots and a more rural character — giving tenants breathing room while still being minutes from Arlington's schools and commercial corridor. These neighborhoods appeal to tenants who want space, privacy, and a slower pace without sacrificing access to Memphis-area employment centers.

Arlington Long-Term Rental Market

Arlington's long-term rental market benefits from something most Memphis suburbs can't match: explosive growth with limited rental inventory. The town's population has grown 244% over the past two decades, but the housing stock is overwhelmingly owner-occupied at 84%. That means rental supply is tight, and well-maintained properties lease fast — often within days of hitting the market. Tenants are drawn by Arlington Community Schools, which earned both the state's highest Level 5 distinction for student growth and an Exemplary accountability rating — Tennessee's highest — with math and reading scores nearly double the statewide average.

One thing that makes Arlington stand out for investors: the vacancy rate sits under 3%, far below the national average of 10%. At an average rent of $1,346 and a 2-bedroom average of $1,498, Arlington offers strong yields relative to acquisition costs — especially in newer subdivisions where maintenance costs are low and tenant quality is high. Rents have grown 1.4% year-over-year, a steady pace that reflects a stable market rather than a speculative one.

$1,346

Average Monthly Rent

$1,498

2-Bedroom Average

+1.4%

Year-over-Year Rent Change

84%

Owner Occupied

Arlington Short-Term Rental Market

Arlington's short-term rental market is emerging and underserved — with only about 31 active listings in the area, there's significantly less competition than Memphis proper or even neighboring Bartlett and Lakeland. The guest profile skews toward visiting families (youth sports tournaments, school events, graduations), corporate travelers working at nearby logistics and manufacturing hubs, and extended-stay tenants relocating to the area. Properties that perform best are well-furnished 3- and 4-bedroom homes that can accommodate families — and Arlington's newer housing stock is ideally suited for that.

$164

Average Daily Rate

55%

Average Occupancy

1,945+

Active Memphis Listings

$35-$50K

Annual STR Revenue

Arlington Short-Term Rental Permit Requirements