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.
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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 | $1,115 | $560 | $1,615 |
| Downtown Memphis 1 Bedroom Apartments | $1,249 | $525 | $2,400 |
| Downtown Memphis 2 Bedroom Apartments | $1,722 | $725 | $4,978 |
| Downtown Memphis 3 Bedroom Apartments | $2,246 | $995 | $3,300 |
There are currently 20 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 this month for top Downtown Memphis, TN apartments. Act fast and don’t miss out on an incredible deal on your perfect new place!
Call for Move in Specials; Water included AND TWO MONTH FREE RENT (*already reflected in rent)Expires September 30, 2026
Apply today and save $150! Administration fee waived for a limited time. Contact our leasing team for current availability.Expires September 20, 2026
Now Offering ONE MONTH FREE! Contact our leasing team for more details. *Restrictions Apply.Expires September 20, 2026
Online Leasing Promo Code: #LOOKANDLEASE - Look and lease today for a FREE admin fee! - $250.00 offExpires September 20, 2026
Move-In by September 29th and Receive $500 Off Rent Your First Full Month on Select Homes! *This offer applies to new leases only and is valid for select homes, lease terms, and move-in dates. Please contact our leasing team for more details.Expires September 20, 2026
Limited time special! Ask how you can receive 1 MONTH FREE RENT!* Restrictions may apply! Minimum lease term applies. Other costs and fees excluded.Expires September 20, 2026
Now offering 6 weeks FREE on 3-bedroom apartments & 4 weeks FREE on other select apartments!Expires September 20, 2026
Move in and receive up to 1 month FREE + a year of FREE parking — restrictions applyExpires September 20, 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 September 20, 2026
Now Offering Two Months Free! Contact our leasing office for more details. Restrictions Apply*Expires September 20, 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.
Call for Move in Specials; Water included AND TWO MONTH FREE RENT (*already reflected in rent)
Now Offering ONE MONTH FREE! Contact our leasing team for more details. *Restrictions Apply.
Lease by September 30th and Receive Reduced Rent on Select Homes! Apply Within 48 Hours of Your First Tour and Get $300 Off Move-In Fees! PLUS 13 Month Lease Terms Qualify for FREE Rent Your First Full Month! *This offer applies to new leases only and is valid for select homes, lease terms, and move-in dates. Please contact our leasing team for more details.
Lease by September 30th and Receive Reduced Rent on Select Homes! Apply Within 48 Hours of Your First Tour and Get $300 Off Move-In Fees! PLUS 13 Month Lease Terms Qualify for FREE Rent Your First Full Month! *This offer applies to new leases only and is valid for select homes, lease terms, and move-in dates. Please contact our leasing team for more details.
Apply today and save $150! Administration fee waived for a limited time. Contact our leasing team for current availability.
Online Leasing Promo Code: #LOOKANDLEASE - Look and lease today for a FREE admin fee! - $250.00 off
Move-In by September 29th and Receive $500 Off Rent Your First Full Month on Select Homes! *This offer applies to new leases only and is valid for select homes, lease terms, and move-in dates. Please contact our leasing team for more details.
Limited time special! Ask how you can receive 1 MONTH FREE RENT!* Restrictions may apply! Minimum lease term applies. Other costs and fees excluded.
Now offering 6 weeks FREE on 3-bedroom apartments & 4 weeks FREE on other select apartments!
Move in and receive up to 1 month FREE + a year of FREE parking — restrictions apply
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 ArticleEntering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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 $1,577.
Today's Rent Specials apartment with the most square footage in Downtown Memphis is a 2,822 square feet unit starting from $733 at Indigo Riverview.
The average size for a Rent Specials rental in Downtown Memphis is currently at 551 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
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: Joshua Carlucci
I'm Josh, your ApartmentHomeLiving.
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: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
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.
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.
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.
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