
Apartments for Rent with Specials in the Downtown Memphis Neighborhood of Memphis, TN (24 Rentals)
Apartments in the Downtown Memphis area of Memphis with special offers and discounts available right now - opportunities to save money or get a month or more of free rent.


Gayoso House & Pembroke Square

Iris Luxury Apartments

The Oliver Luxury Apartments

Court Square Apartments

The Tennessee Brewery Apartments

South Line at Central Station

Downtown Memphis Flats
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.

South Bluffs Apartments

Riverset Apartments

50 Peabody Place

Lofts at Union Alley

Harbor Side at Conwood Flats Apartments

Indigo Riverview

Metro67

Grand Island Apartments
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Fielder Square

The Chisca

Hawthorne on Adams Apartments

266 Lofts

Number 10 Main

Lofts at Merchant Row

Exchange Building

Greenlaw Apartments
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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 | $1,084 | $560 | $1,990 |
| Downtown Memphis 1 Bedroom Apartments | $1,371 | $525 | $2,129 |
| Downtown Memphis 2 Bedroom Apartments | $1,895 | $750 | $5,900 |
| Downtown Memphis 3 Bedroom Apartments | $2,212 | $995 | $3,350 |
Browse Apartments in this Neighborhood
There are currently 24 rentals with your search options within a 1 mile radius of the Downtown Memphis Neighborhood of Memphis, TN.
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Downtown Memphis, Memphis, TN Local Guide
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Top Memphis Apartments in the Downtown Memphis Area with Move-In Specials Ending Soon
Specials updated: 10-26-2025Take advantage of these move-in and rent specials that are ending soon for top Downtown Memphis, TN apartments. Act fast and don’t miss out on an incredible deal on your perfect new place!
Metro67
Room in your apartment, and in your wallet. Up to 1-month free rent on any October Move ins. Apply now!Expires 10-26-2025
Indigo Riverview
?? Look & Lease Special Apply and get approved within 24 hours and we’ll waive your administrative fee! ?? Sign a 12-month lease and enjoy up to 8 WEEKS FREE rent plus FREE parking for the entire year! ??? Don’t miss out—these offers are available for a limited time only! *****Restriction's Apply***** ***Select floorplans***Expires 10-26-2025
Grand Island Apartments
Move in today and only pay your prorated rent your first full month is on us! Spacious layouts Modern amenities Pet-friendly living Limited time only Lease Now! *Special may apply to select apartment homes, lease terms and move-in dates. Preferred Employer discounts may not be combined with other specials.Expires 10-26-2025
Harbor Side at Conwood Flats Apartments
Apply within 48 hours and receive 1 month free on a 13-month lease, with the savings spread across the first 6 months of your lease term. Plus, enjoy a waived $150 admin fee! *Special may apply to select apartment homes, lease terms, and move-in dates. Preferred Employer discounts may not be combined with other specials.Expires 10-26-2025
The Oliver Luxury Apartments
Now Offering One Month Free! Contact our leasing office for more details. Restrictions Apply*Expires 10-26-2025
Lofts at Union Alley
Rare Vacancy and Move in Special! Get ½ month free on a long term lease!Expires 10-26-2025
50 Peabody Place
Now Offering ONE MONTH FREE! Contact our leasing team for more details. *Restrictions Apply.Expires 10-26-2025
Gayoso House & Pembroke Square
Now Offering ONE MONTH FREE! Contact our leasing team for more details. *Restrictions Apply.Expires 10-26-2025
The Tennessee Brewery Apartments
Reduced Rates on Select Units! *Special may apply to select apartment homes, lease terms, and move-in dates. Preferred Employer discounts may not be combined with other specials.Expires 10-26-2025
Riverset Apartments
Limited time special! Ask how you can receive 2 MONTHS' FREE RENT!* Restrictions may apply! Minimum lease term applies. Other costs and fees excluded.Expires 10-26-2025
Newly Listed Move-In Specials offers for Apartments in Downtown Memphis, TN
Specials updated: 10-26-2025Here are the most recently added special offers for renters looking to find the best deals on apartments in Downtown Memphis, TN. Be sure to take advantage of some of the area’s top offers.
South Junction Apartments
We want you to live here! Come and spin the wheel for tons of different prizes!!! Limited Time! Call to schedule your tour today!Expires 10-31-2025
South Line at Central Station
We want you to live here! Come and spin the wheel for tons of different prizes!!! Limited Time! Call to schedule your tour today!Expires 10-31-2025
Hawthorne on Adams Apartments
Call for Move in Specials; Water includedExpires 10-31-2025
Number 10 Main
1/2 off 1st TWO MONTH'S RENT- LOOK and LEASE. Restrictions Apply.Expires 10-31-2025
Lofts at Merchant Row
Receive 2 months rent for free!Expires 11-01-2025
266 Lofts
1/2 off 1st TWO MONTH'S RENT- LOOK and LEASE. Restrictions Apply.Expires 11-30-2025
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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.
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Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestyleDowntown Memphis, Memphis, TN
Ranked #11
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Rent Specials Downtown Memphis Apartments
What is the Cheapest Rent Specials apartment in Downtown Memphis?
Currently the most affordable Rent Specials Apartment in Downtown Memphis is at Indigo Riverview listed at $726.
How much is the average rent for a Rent Specials Downtown Memphis Apartment?
The average rent for a Rent Specials Apartment in Downtown Memphis is $1,644.
What is the largest Rent Specials Downtown Memphis Apartment for rent?
Today's Rent Specials apartment with the most square footage in Downtown Memphis is a 2,822 square feet unit starting from $726 at Indigo Riverview.
What is the average size for Downtown Memphis Rent Specials Apartments for rent?
The average size for a Rent Specials rental in Downtown Memphis is currently at 599 sq ft.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.