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2 to 3 Bedroom Apartments
April Woods
262 Chelsea AveMemphis, TN 38107
Cheap Apartments for Rent in the Downtown Memphis Neighborhood of Memphis, TN from $500 (99 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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1 to 4 Bedroom Apartments
Cleaborn Pointe at Heritage Senior Apartments
460 S Lauderdale StMemphis, TN 38126
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1 to 3 Bedroom Apartments
Crescent Bluff
25 E Virginia AveMemphis, TN 38106
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1 to 2 Bedroom Apartments
Crescent Bluff II
10 E Virginia AveMemphis, TN 38106
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2 Bedroom Apartments
The Kendall
1018 N 7th StMemphis, TN 38107
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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
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Studio to 3 Bedroom Apartments
South Main Artspace Lofts
138 St. Paul AveMemphis, TN 38126
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2 Bedroom Apartments
Looney Apartments
693 Looney AveMemphis, TN 38107
The Local Memphis Expert's Guide to Renting Near the City's Top Employers
Memphis apartment guide from a local expert, breaking down neighborhoods, average rent, and ideal commute times near the 5 largest employers - FedEx, St. Jude, U of M, Methodist, and AutoZone.
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Studio to 2 Bedroom Apartments
Exchange Building
9 N 2nd StMemphis, TN 38103
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1 Bedroom Apartments
Hawthorne on Adams Apartments
685-689 Adams AveMemphis, TN 38105
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Studio to 2 Bedroom Apartments
W.L.
267 S Main StMemphis, TN 38103
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1 to 3 Bedroom Apartments
Forum Flats
441 E Pontotoc AveMemphis, TN 38126
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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
Patterson Flats
259 E Butler AveMemphis, TN 38126
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1 to 2 Bedroom Apartments
The Washburn
60 S Main StMemphis, TN 38103
703 N 3rd St
MemphisTN38107
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Studio to 2 Bedroom Apartments
Hope Heights Tower
383 Madison AveMemphis, TN 38103
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.
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1 Bedroom Apartments
Faulkner Court Apartments
737 Court AveMemphis, TN 38105
310 Jones St
MemphisTN38105
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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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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
679 Leath St
MemphisTN38107
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1 to 2 Bedroom Apartments
Printer's Alley Lofts
347 S Front StMemphis, TN 38103
401 N Manassas St
MemphisTN38105
852 Ioka Ave
MemphisTN38126
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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1 to 2 Bedroom Apartments
Van Vleet Flats
122 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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2 to 4 Bedroom Apartments
Burkle and Main
812 N Main StMemphis, TN 38107
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1 Bedroom Apartments
Hunt-Phelan Apartments
533 Beale StMemphis, TN 38103
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Studio to 2 Bedroom Apartments
Pembroke Square Apartments
125 Gayoso AveMemphis, TN 38103
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1 to 2 Bedroom Apartments
Lowenstein
66 N Main StMemphis, TN 38103
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1 Bedroom Apartments
Downtown YMCA Lofts
245 Madison AveMemphis, TN 38103
437 Monroe Ave
MemphisTN38103
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Studio to 2 Bedroom Apartments
50 Peabody Place
50 Peabody PlMemphis, TN 38103
505 Tennessee St
MemphisTN38103
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.
109 N Main St
MemphisTN38103
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1 to 3 Bedroom Apartments
2nd Street Flats
362 S 2nd StMemphis, TN 38103
129 Talbot Ave
MemphisTN38103
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Studio to 2 Bedroom Apartments
Cabinet Shop Lofts
436 S Front StMemphis, TN 38103
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1 Bedroom Apartments
State Place at South End
665 Tennessee StMemphis, TN 38103
413 S Main St
MemphisTN38103
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1 to 2 Bedroom Apartments
RiverLofts @ 460 Tennessee
460 Tennessee StMemphis, TN 38103
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1 to 4 Bedroom Apartments
Harbor Island Apartments
444 Island DrMemphis, TN 38103
158 Keel Ave
MemphisTN38107
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 | $1,067 | $560 | $1,614 |
| Downtown Memphis 1 Bedroom Apartments | $1,343 | $525 | $2,400 |
| Downtown Memphis 2 Bedroom Apartments | $1,851 | $750 | $5,900 |
| Downtown Memphis 3 Bedroom Apartments | $2,430 | $995 | $3,300 |
Browse Apartments in this Neighborhood
There are currently 99 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 $831.
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 $2,510.
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 150 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 $792 which is $1,718 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
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.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
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.