Apartments for Rent in the Downtown Memphis Neighborhood of Memphis, TN (253 Rentals)

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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How a Move-In Inspection Can Protect Your Security Deposit

Learn How a Move-In Inspection Can Protect Your Security Deposit from the Renter University at AparmentHomeLiving.com.

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Showing Results 1-50, Page 1 of 6

Downtown Memphis, Memphis, TN Local Guide

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Downtown Memphis, Memphis, TN

Ranked #9

Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities and towns, and rental properties across Tennessee including Downtown Memphis, Memphis, and the greater Memphis area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and the best proximity to parks and outdoor amenities, transit availability, pet-friendly communities, places to raise kids, and much more. These search options are in the site filters at the top of this page.

Family-Friendly Rating

Renting with a son or daughter (or both!)? Downtown Memphis ranks as a good residential area for families, with a score of 4.0 out of 4. Family Friendly submarkets have features that support parents and kids in having fun and being healthy together. This includes features like parks, playgrounds, extra living spaces, features for pets, recreation and A/V rooms, trails, and access to the best-regarded education and schools.

Outdoors Rating

We think living with parks and green spaces is a must-have. This section of town is a highly-rated area of town for its many the great outdoors, with a score of 4.0 out of 4.

Luxury Living Rating

This neighborhood is amongst the finest luxury neighborhoods in town, with a score of 4.0 out of 4. Luxury Lifestyle Scoring is based on having high-end community amenities like shared social spaces, lounges, pools, proximity to great shopping areas, views, access to parks, and nice home amenities like granite or quartz countertops and stainless steel appliances. Other luxury items often include tile or hardwood floors, tennis courts, and for some communities, even a doorman to greet residents.

Pet Friendly Rating

This part of town has risen to be one of our favorite neighborhoods for renting with pets, with a score of 4.0 out of 4.

Frequently Asked Questions about Downtown Memphis

How much are Studio apartments in Downtown Memphis?

There are currently 33 Studio Apartments in Downtown Memphis with rent ranges from $560 to $4,632 with an average price of $1,276.

What is the current price range for One Bedroom Downtown Memphis Apartments for rent?

Today's rental pricing for One Bedroom Apartments in Downtown Memphis ranges from $525 to $6,000 with an average monthly rent of $1,566.

What does renting a Two Bedroom Apartment in Downtown Memphis cost?

The monthly rent prices of Two Bedroom Apartments currently available in Downtown Memphis range from $795 to $6,900. Today's average rental price for Two Bedrooms here is $2,081.

How expensive are Downtown Memphis Three Bedroom Apartments?

There are currently 40 Three Bedroom Apartments listings available in Downtown Memphis on ApartmentHomeLiving.com. The pricing ranges from $995 to $3,350 - averaging $2,335 for the location.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.