218 Chelsea Ave
MemphisTN38107
Cheap Apartments for Rent in the Downtown Memphis Neighborhood of Memphis, TN from $450 (88 Rentals) Page 2 of 2
Search the lowest-cost Apartments available for rent right now in the Downtown Memphis area of Memphis.
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Studio to 1 Bedroom Apartments
Claridge House Condominiums
109 N Main StMemphis, TN 38103
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2 Bedroom Apartments
Greenlaw Apartments
234 Greenlaw AveMemphis, TN 38105
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3 Bedroom Apartments
Pontotoc Gardens
537-539 Pontotoc AveMemphis, TN 38126
310 Jones St
MemphisTN38105
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2 Bedroom Apartments
Looney Apartments
693 Looney AveMemphis, TN 38107
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1 to 4 Bedroom Apartments
Cleaborn Pointe at Heritage Senior Apartments
460 S Lauderdale StMemphis, TN 38126
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Studio to 2 Bedroom Apartments
Exchange Building
9 N 2nd StMemphis, TN 38103
703 N 3rd St
MemphisTN38107
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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Studio to 2 Bedroom Apartments
W.L.
267 S Main StMemphis, TN 38103
401 N Manassas St
MemphisTN38105
679 Leath St
MemphisTN38107
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1 to 2 Bedroom Apartments
Jefferson Place
560 S Jefferson PlMemphis, TN 38105
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1 to 3 Bedroom Apartments
Uptown Flats
627 N Main StMemphis, TN 38107
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1 to 3 Bedroom Apartments
Forum Flats
441 E Pontotoc AveMemphis, TN 38126
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1 to 3 Bedroom Apartments
Patterson Flats
259 E Butler AveMemphis, TN 38126
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Studio to 3 Bedroom Apartments
South Main Artspace Lofts
138 St. Paul AveMemphis, TN 38126
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Studio to 2 Bedroom Apartments
Hope Heights Tower
383 Madison AveMemphis, TN 38103
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 Bedroom Apartments
Faulkner Court Apartments
737 Court AveMemphis, TN 38105
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1 to 2 Bedroom Apartments
The Washburn
60 S Main StMemphis, TN 38103
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1 to 2 Bedroom Apartments
Radio Center Flats
66 S Main StMemphis, TN 38103
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1 to 2 Bedroom Apartments
Annex Lofts
345 S Front StMemphis, TN 38103
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1 to 2 Bedroom Apartments
Printer's Alley Lofts
347 S Front StMemphis, TN 38103
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Studio to 2 Bedroom Apartments
Main Street Flats
101 S Main StMemphis, TN 38103
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1 to 2 Bedroom Apartments
Cornerstone Flats
113 S Main StMemphis, TN 38103
109 N Main St
MemphisTN38103
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1 to 2 Bedroom Apartments
Van Vleet Flats
122 Gayoso AveMemphis, TN 38103
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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1 Bedroom Apartments
Hunt-Phelan Apartments
533 Beale StMemphis, TN 38103
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1 to 2 Bedroom Apartments
Lowenstein
66 N Main StMemphis, TN 38103
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Studio to 2 Bedroom Apartments
Pembroke Square Apartments
125 Gayoso AveMemphis, TN 38103
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Studio to 2 Bedroom Apartments
99 Front Apartments
99 S Front StMemphis, TN 38103
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1 Bedroom Apartments
Downtown YMCA Lofts
245 Madison AveMemphis, TN 38103
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Studio to 2 Bedroom Apartments
50 Peabody Place
50 Peabody PlMemphis, TN 38103
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1 to 3 Bedroom Apartments
2nd Street Flats
362 S 2nd StMemphis, TN 38103
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2 to 4 Bedroom Apartments
Burkle and Main
812 N Main StMemphis, TN 38107
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Studio to 2 Bedroom Apartments
Cabinet Shop Lofts
436 S Front StMemphis, TN 38103
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
413 S Main St
MemphisTN38103
Showing Results 51-88, Page 2 of 2
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 | $1,125 | $560 | $1,614 |
| Downtown Memphis 1 Bedroom Apartments | $1,253 | $450 | $2,400 |
| Downtown Memphis 2 Bedroom Apartments | $1,716 | $725 | $4,958 |
| Downtown Memphis 3 Bedroom Apartments | $2,258 | $995 | $3,300 |
Browse Apartments in this Neighborhood
There are currently 88 rentals with your search options within a 1 mile radius of the Downtown Memphis Neighborhood of Memphis, TN.
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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 $858.
What is the price of a cheap apartment in Downtown Memphis?
The cheapest apartment in Downtown Memphis is 288 Leath St which is listed at $625, while the average apartment in Downtown Memphis costs $1,350.
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 159 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 $656 which is $694 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
Memphis, Tennessee: A Local Expert's 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.
The Local Memphis Expert's Guide to Renting Near the Citys Top Employers
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Affordable Memphis: The Best Lower Priced Neighborhoods with Character
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I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.