Luxury Apartments for Rent in the Downtown Memphis Neighborhood of Memphis, TN (28 Rentals)

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The most luxurious Apartments in the Downtown Memphis area of Memphis with high-end amenities, features, and finishes.

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The Landing Residences
$1,357 - $6,317

Total Monthly Price

Base Rent$1,357 - $6,317
Total Monthly Price$1,357 - $6,317
Studio to 2 Bedroom Apartments Available Now

The Landing Residences

1 Dr Martin Luther King Jr AveMemphis, TN 38103
Student Housing
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The Rise Apartments
$1,337 - $5,774

Total Monthly Price

Base Rent$1,337 - $5,774
Total Monthly Price$1,337 - $5,774
Studio to 2 Bedroom Apartments Available Now

The Rise Apartments

420 Monroe AveMemphis, TN 38103
Family Friendly
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The Chisca
Rent Specials
$947 - $2,913

Total Monthly Price

Base Rent$947 - $2,913
Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

The Chisca

272 S Main StMemphis, TN 38103
Corporate Housing
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  • Customer Reviewed
  • 3D Tour

Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City

Moving to the Bluff City? Get the insider’s guide on Memphis life, from specific neighborhood personalities and current average rent, to the best barbecue and live music spots.

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Metro67
Rent Specials
$1,517 - $3,663

Total Monthly Price

Base Rent$1,517 - $3,663
Total Monthly Price$1,517 - $3,663
Studio to 3 Bedroom Apartments Available Now

Metro67

67 Madison AveMemphis, TN 38103
Student Housing
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  • Customer Reviewed
  • 3D Tour

Exploring Rental Options: Apartments, Townhomes, and Lofts—Oh My!

Looking for the perfect rental? From apartments and condos to lofts and single family rentals, explore the unique pros and cons of each rental type to help you land in your perfect new place.

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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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Carolina Terrace
3 to 4 Bedroom Apartments

Carolina Terrace

699 Meditation LnMemphis, TN 38103
Corporate Housing

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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Showing Results 1-28, Page 1 of 1

Downtown Memphis, Memphis, TN Local Guide

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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Navigating the Rental Market: Tips for First-Time Renters

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

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Real 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.

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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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Pet Friendly Lifestyle
Downtown Memphis, Memphis, TN

Ranked #16

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

This website is happy to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities and towns across the United States, including Memphis. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Luxury Living Rating

This area of town is known as one of the finest luxury neighborhoods in town, with a score of 4.0 out of 4. Luxury Lifestyle Scoring is based on having high-end community amenities like shared social spaces, lounges, pools, concierge services, park access, and amenities like granite countertops, range hoods, and high-end appliances. Luxury neighborhoods also often offer tile or hardwood floors, sports like tennis and raquetball, and a full-time security staff or doorman.

Frequently Asked Questions about Downtown Memphis

How much are Studio apartments in Downtown Memphis?

There are currently 105 Studio Apartments in Downtown Memphis with rent ranges from $560 to $1,615 with an average price of $1,115.

What is the current price range for One Bedroom Downtown Memphis Apartments for rent?

Today's rental pricing for One Bedroom Apartments in Downtown Memphis ranges from $525 to $2,400 with an average monthly rent of $1,249.

What does renting a Two Bedroom Apartment in Downtown Memphis cost?

The monthly rent prices of Two Bedroom Apartments currently available in Downtown Memphis range from $725 to $4,978. Today's average rental price for Two Bedrooms here is $1,722.

How expensive are Downtown Memphis Three Bedroom Apartments?

There are currently 42 Three Bedroom Apartments listings available in Downtown Memphis on ApartmentHomeLiving.com. The pricing ranges from $995 to $3,300 - averaging $2,246 for the location.

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

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Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City

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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.

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The Local Memphis Expert's Guide to Renting Near the Citys Top Employers

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College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive

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Affordable Memphis: The Best Lower Priced Neighborhoods with Character

Written by: Joshua Carlucci

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

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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.

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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.