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$750 - $7952 Bedroom Apartments Available Now
Greenlaw Apartments
267 Greenlaw AveMemphis, TN 38105
Cheap 2 Bedroom Apartments for Rent in the Downtown Memphis Neighborhood of Memphis, TN from $750 (30 Rentals)
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$8802 Bedroom Apartments Available Now
Linden Yards Apartments
707-747 Linden Yard DrMemphis, TN 38126
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$885 - $9992 Bedroom Apartments Available Now
Edison Park
567 Jefferson AveMemphis, TN 38105
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$890 - $1,0702 Bedroom Apartments Available Now
Helix at the District - Utilities Included
141 Manassas StMemphis, TN 38105
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$8952 Bedroom Apartments Contact Us For Availability
Bickford Square Apartments
281 Bickford AveMemphis, TN 38107
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$9452 Bedroom Apartments Available Now
Owens Place Townhomes
291 E Pontotoc AveMemphis, TN 38126
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Rent Specials
$1,000 - $1,8552 Bedroom Apartments Available Now
Uptown Square Apartments
252 N Lauderdale StMemphis, TN 38105
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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$1,276 - $2,031
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2 Bedroom Apartments Available NowTotal Monthly Price
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$1,000 - $2,276
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$1,000 - $2,276
Court Square Apartments
62 N Main StMemphis, TN 38103
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$1,324 - $2,8532 Bedroom Apartments Available Now
Fielder Square
70 S 4th StMemphis, TN 38103
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$1,341 - $2,587
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2 Bedroom Apartments Available NowTotal Monthly Price
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$1,111 - $2,587
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Riverset Apartments
100 Riverset LnMemphis, TN 38103
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$1,428 - $1,4502 Bedroom Apartments Available Now
Indigo Riverview
99 N Main StMemphis, TN 38103
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$1,446 - $2,123
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2 Bedroom Apartments Available NowTotal Monthly Price
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$947 - $2,913
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$947 - $2,913
The Chisca
272 S Main StMemphis, TN 38103
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$1,500 - $1,7502 Bedroom Apartments Available Now
266 Lofts
266 S Front StMemphis, TN 38103
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2 Bedroom Apartments
April Woods
262 Chelsea AveMemphis, TN 38107
Renting with Roommates: Realistic Expectations for Shared Lease
Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.
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2 Bedroom Apartments
The Kendall
1018 N 7th StMemphis, TN 38107
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2 Bedroom Apartments
Greenlaw Apartments
234 Greenlaw AveMemphis, TN 38105
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2 Bedroom Apartments
Looney Apartments
693 Looney AveMemphis, TN 38107
310 Jones St
MemphisTN38105
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2 Bedroom Apartments
Exchange Building
9 N 2nd StMemphis, TN 38103
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2 Bedroom Apartments
Crescent Bluff II
10 E Virginia AveMemphis, TN 38106
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2 Bedroom Apartments
South Main Artspace Lofts
138 St. Paul AveMemphis, TN 38126
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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2 Bedroom Apartments
Burkle and Main
812 N Main StMemphis, TN 38107
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2 Bedroom Apartments
2nd Street Flats
362 S 2nd StMemphis, TN 38103
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2 Bedroom Apartments
Crescent Bluff
25 E Virginia AveMemphis, TN 38106
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2 Bedroom Apartments
Forum Flats
441 E Pontotoc AveMemphis, TN 38126
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2 Bedroom Apartments
Patterson Flats
259 E Butler AveMemphis, TN 38126
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2 Bedroom Apartments
W.L.
267 S Main StMemphis, TN 38103
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2 Bedroom Apartments
Jefferson Place
560 S Jefferson PlMemphis, TN 38105
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
129 Talbot Ave
MemphisTN38103
612 N 2nd St
MemphisTN38107
Showing Results 1-30, Page 1 of 1
Downtown Memphis, Memphis, TN Local Guide
How much does it cost to rent an apartment in Downtown Memphis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Memphis Studio Apartments | $1,101 | $560 | $1,642 |
| Downtown Memphis 1 Bedroom Apartments | $1,292 | $525 | $2,400 |
Downtown Memphis 2 Bedroom Apartments | $1,746 | $750 | $5,900 |
| Downtown Memphis 3 Bedroom Apartments | $2,421 | $995 | $3,300 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Explore Memphis
Downtown Memphis, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
College Life in Memphis: Affordable Neighborhoods Where Students Rent and Thrive
Where do Memphis students actually live? Our local expert reveals the best affordable neighborhoods to rent near U of M, Rhodes, and CBU. Get local tips & save on rent!
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Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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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Do you know the Downtown Memphis area?
If you’re an expert on all things Downtown Memphis, tell us what you love (and don't) by rating it and writing a review.
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Pet Friendly LifestyleDowntown Memphis, Memphis, TN
Ranked #17
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Cheap Downtown Memphis Apartments
What is a cheap apartment in Downtown Memphis?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Memphis is under $851.
What is the price of a cheap apartment in Downtown Memphis?
The cheapest apartment in Downtown Memphis is Greenlaw Apartments which is listed at $750, while the average apartment in Downtown Memphis costs $2,558.
What types of apartments are the cheapest in Downtown Memphis?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 196 regular apartments in Downtown Memphis that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Downtown Memphis?
Cheap apartments in Downtown Memphis have an average cost of $776 which is $1,782 cheaper than the average rent for all rentals in Downtown Memphis.
Expert Rental Resources
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.
Helpful Local Expert Guides
Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
The Local Memphis Experts Guide to Renting Near the Citys Top Employers
Written by: Joshua Carlucci
I'm Josh, your ApartmentHomeLiving.
Memphis, Tennessee: A Local Experts Insider Guide to the Bluff City
Written by: Joshua Carlucci
Hello from Memphis, Tennessee. I'm Josh, your ApartmentHomeLiving.com Local Expert for Memphis, and I spent years in this city eating, writing, cooking, studying, and getting to know it block by block.
Articles, How-To's, and Tips
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.