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.
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.
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.
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.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Memphis Studio Apartments | $1,101 | $560 | $1,642 |
| Downtown Memphis 1 Bedroom Apartments | $1,292 | $525 | $2,400 |
| Downtown Memphis 2 Bedroom Apartments | $1,746 | $750 | $5,900 |
| Downtown Memphis 3 Bedroom Apartments | $2,421 | $995 | $3,300 |
There are currently 23 rentals with your search options within a 1 mile radius of the Downtown Memphis Neighborhood of Memphis, TN.
See all Apartments in MemphisTake 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!
Now Offering ONE MONTH FREE! Contact our leasing team for more details. *Restrictions Apply.Expires 06-21-2026
Now Offering Up to 2 Months FREE at Metro67! Get 6 weeks free on select 1-bedrooms and 2 months free on 2- & 3-bedroom homes!Expires 06-21-2026
**Move in between 1st -20th, receive ½ off pro-rate! Move in 21st-31st receive up to $300 off pro-* ALL FLOORPLANS Look and lease within 24 hours and get approved receive $150 back for Admin fee, 1 Month Free -Free Parking for a year!! **Restrictions apply. **Expires 06-21-2026
Reduced Rates on Select Homes - Must Move-In by June 30th! A13 - Starting at $1400 A5 - Starting at $1400 S1 - Starting at $999 *Special may apply to select apartment homes, lease terms, and move-in dates. Preferred Employer discounts may not be combined with other specials.Expires 06-21-2026
Apply today and save $150! Administration fee waived for a limited time. Contact our leasing team for current availability.Expires 06-21-2026
Online Leasing Promo Code: #LOOKANDLEASE - Look and lease today for a FREE admin fee! - $250.00 offExpires 06-21-2026
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 06-21-2026
Now Offering Two Months Free! Contact our leasing office for more details. Restrictions Apply*Expires 06-21-2026
Lease by 6/30/26 to receive this premier offer on select apts*: •FREE prorated rent •$350 credit on app/admin fees (applied at M/I) Select apts: • S1, A1, A2, B1, & B3a • Valid on 13–15mo terms Enjoy upscale finishes, resort-style amenities, & riverfront views in the heart of Downtown. *Subject to availability; pricing may change any time. Prorated rent credit applied on M/I day.Expires 06-21-2026
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 06-21-2026
Here 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.
Move In. Save Big. Sign a 12-month lease and get your first month FREE. Sign a 24-month lease and get TWO months FREE.Expires 08-31-2026
2 months FREE!! 3rd and 7th month on a year lease! Call or come by for a tour for your free rent! Terms and conditions apply.Expires 07-31-2026
First full month for FREE!Expires 07-10-2026
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!
Read ArticleFrom 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 ArticleThe 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.
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.
Write a ReviewAmong cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Currently the most affordable Rent Specials Apartment in Downtown Memphis is at Edison Park listed at $525.
The average rent for a Rent Specials Apartment in Downtown Memphis is $1,823.
Today's Rent Specials apartment with the most square footage in Downtown Memphis is a 2,822 square feet unit starting from $851 at Indigo Riverview.
The average size for a Rent Specials rental in Downtown Memphis is currently at 580 sq ft.
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.
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Written by: Joshua Carlucci
I'm Josh, your ApartmentHomeLiving.
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.
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
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.
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.
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