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$9953 Bedroom Apartments Available Now
Bickford Square Apartments
281 Bickford AveMemphis, TN 38107
Cheap 3 Bedroom Apartments for Rent in the Downtown Memphis Neighborhood of Memphis, TN from $995 (11 Rentals)
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$1,0203 Bedroom Apartments Available Now
Owens Place Townhomes
291 E Pontotoc AveMemphis, TN 38126
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3 Bedroom Apartments
April Woods
262 Chelsea AveMemphis, TN 38107
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3 Bedroom Apartments
Pontotoc Gardens
537-539 Pontotoc AveMemphis, TN 38126
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3 Bedroom Apartments
Cleaborn Pointe at Heritage Senior Apartments
460 S Lauderdale StMemphis, TN 38126
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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3 Bedroom Apartments
South Main Artspace Lofts
138 St. Paul AveMemphis, TN 38126
679 Leath St
MemphisTN38107
852 Ioka Ave
MemphisTN38126
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3 Bedroom Apartments
Forum Flats
441 E Pontotoc AveMemphis, TN 38126
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3 Bedroom Apartments
2nd Street Flats
362 S 2nd StMemphis, TN 38103
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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3 Bedroom Apartments
Crescent Bluff
25 E Virginia AveMemphis, TN 38106
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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 | $1,105 | $560 | $1,710 |
| Downtown Memphis 1 Bedroom Apartments | $1,372 | $525 | $2,332 |
| Downtown Memphis 2 Bedroom Apartments | $1,836 | $750 | $4,700 |
Downtown Memphis 3 Bedroom Apartments | $2,377 | $995 | $3,453 |
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 $895.
What is the price of a cheap apartment in Downtown Memphis?
The cheapest apartment in Downtown Memphis is Bickford Square Apartments which is listed at $995, while the average apartment in Downtown Memphis costs $2,486.
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 185 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 $747 which is $1,739 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.
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.