
3 Bedroom Apartments for Rent in the Downtown Memphis Neighborhood of Memphis, TN (48 Rentals)


Uptown Square Apartments

The Oliver Luxury Apartments

Helix at the District - Utilities Included

Total Monthly Price
Metro67

Arbors Harbor Town

Grand Island Apartments

Fielder Square
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When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

The Chisca

Belle Harbour Apartments

The Estates at River Pointe

Island Park/Harbor Town Square

The Metropolitan and Greenlaw Place Apartments

Bickford Square Apartments

Owens Place Townhomes

95 S Main St

679 Leath St
Affordable Memphis: The Best Neighborhoods with Character and Lower Rents
Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.

852 Ioka Ave

158 Keel Ave

1175 Harbor River Dr

154 Island Bluff Dr

18 W Georgia Ave

265 Jones

Nettleton Condos

57 W Georgia Ave

City Commons
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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.

316-324 S Front St

Uptown Village Apartments

327 Pontotoc Ave

The Horizon

100 N. Main

April Woods

Pontotoc Gardens

Cleaborn Pointe at Heritage Senior Apartments

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

2nd Street Flats

Forum Flats

Crescent Bluff

Burkle and Main

Harbor Island Apartments

Riverbend Place

Uptown Homes

Askew Place

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

Patterson Flats

Court Square Apartments

Carolina Terrace
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 | $1,103 | $560 | $1,710 |
| Downtown Memphis 1 Bedroom Apartments | $1,368 | $525 | $2,332 |
| Downtown Memphis 2 Bedroom Apartments | $1,834 | $750 | $4,700 |
Downtown Memphis 3 Bedroom Apartments | $2,372 | $995 | $3,453 |
Browse Apartments in this Neighborhood
There are currently 48 rentals with your search options within a 1 mile radius of the Downtown Memphis Neighborhood of Memphis, TN.
See all Apartments in MemphisExplore Memphis
Downtown Memphis, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
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Largest Available Downtown Memphis 3 Bedroom Apartments
The largest available 3 Bedroom apartment unit in the Downtown Memphis area of Memphis, TN is found at Indigo Riverview and is listed at 2,822 square feet priced from $3,453. Here is today’s list of the largest available 2 Bedroom units in the area:
| Apartment Listing | Model Name | Square Footage | Priced From |
|---|---|---|---|
| Indigo Riverview | Rocky Penthouse | 2,822 Sq Ft | $3,453 |
| The Chisca | C1 | 2,031 Sq Ft | $2,893 |
| Metro67 | Manhattan (3 bed) | 1,740 Sq Ft | $2,883 |
| Harbor Side at Conwood Flats Apartments | C1 Loft | 1,664 Sq Ft | $3,300 |
| Bickford Square Apartments | 3BR/2BA | 1,500 Sq Ft | $995 |
| Harbor Island Apartments | Three Bedroom | 1,417 Sq Ft | $2,705 |
| Grand Island Apartments | Enclave | 1,385 Sq Ft | $1,971 |
| The Oliver Luxury Apartments | C1 | 1,316 Sq Ft | $2,765 |
| Owens Place Townhomes | Townhouse | 1,282 Sq Ft | $1,020 |
| Uptown Square Apartments | 3 Bedroom - Urban | 1,273 Sq Ft | $1,650 |
Cheapest Available Downtown Memphis 3 Bedroom Apartments
Currently the lowest priced 3 Bedroom apartment unit Downtown Memphis of Memphis, TN is the 3BR/2BA Model starting from $995 at Bickford Square Apartments. The average price for all 3 Bedroom apartments in Downtown Memphis is currently $2,372. Here is today’s list of the cheapest available 3 Bedroom options in the area:
| Apartment Listing | Model Name | Priced From |
|---|---|---|
| Bickford Square Apartments | 3BR/2BA | $995 |
| Owens Place Townhomes | Townhouse | $1,020 |
| Forum Flats | 3-B Type B-60%-PBV | $1,314 |
| Crescent Bluff | 32A60 | $1,319 |
| Uptown Square Apartments | 3 Bedroom - Garden - Handicapped | $1,555 |
| Grand Island Apartments | Enclave | $1,971 |
| The Chisca | C5 | $2,315 |
| Harbor Island Apartments | Three Bedroom | $2,705 |
| The Oliver Luxury Apartments | C1 | $2,765 |
| Metro67 | Manhattan (3 bed) | $2,883 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleCollege 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!
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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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.
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
Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of rentals in metropolitan areas across the United States and customized analysis for Central Memphis. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, kid and pet-friendly communities, availability of transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about 3 Bedroom Downtown Memphis Apartments
What is the Cheapest apartment in Downtown Memphis with 3 Bedroom?
Currently the most affordable 3 Bedroom in Downtown Memphis is at Bickford Square Apartments listed at $995.
How much is the average rent for a 3 Bedroom Downtown Memphis Apartment?
The average rent for a 3 Bedroom Apartment in Downtown Memphis is $2,372.
What is the largest available 3 Bedroom Downtown Memphis Apartment for rent?
Today's apartment with the most square footage in Downtown Memphis is a 2,822 square feet unit starting from $3,453 at Indigo Riverview.
What is the average size for Downtown Memphis 3 Bedroom Apartments for rent?
The average size for a 3 Bedroom rental in Downtown Memphis is currently 1,557 sq ft.
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.
Articles, How-To's, and Tips

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
