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$560 - $1,050Studio Apartments Available Now
Edison Park
567 Jefferson AveMemphis, TN 38105
Cheap Studio Apartments for Rent in the Downtown Memphis Neighborhood of Memphis, TN from $560 (26 Rentals)
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$760 - $795Studio Apartments Available Now
Uptown Square Apartments
252 N Lauderdale StMemphis, TN 38105
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$851 - $911Studio Apartments Available Oct 1
Indigo Riverview
99 N Main StMemphis, TN 38103
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$952 - $1,450Studio Apartments Available Now
National Rose Co.
80 Virginia Ave WMemphis, TN 38106
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$956 - $1,341Studio Apartments Available Now
Iris Luxury Apartments
810 Washington AveMemphis, TN 38105
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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$972 - $1,743
Total Monthly Price
Base Rent$1,010 - $2,159
Total Monthly Price$1,010 - $2,159
Lofts at Union Alley
110 Barboro AlyMemphis, TN 38103
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$995 - $1,195Studio Apartments Available Now
Pressbox Lofts
195 Madison AveMemphis, TN 38103
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$1,035 - $1,614
Total Monthly Price
Base Rent$947 - $2,913
Total Monthly PriceVaries
The Chisca
272 S Main StMemphis, TN 38103
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$1,049Studio Apartments Available Sep 25
South Junction Apartments
9 E Carolina AveMemphis, TN 38103
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$1,049 - $1,178Studio Apartments Available Oct 7
The Tennessee Brewery Apartments
495 Tennessee StMemphis, TN 38103
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$1,050 - $1,150Studio Apartments Available Now
628 Madison Ave
628 Madison AveMemphis, TN 38103
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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$1,062
Total Monthly Price
Base Rent$1,062 - $1,783
Total Monthly Price$1,062 - $1,783
South Line at Central Station
9 E Carolina AveMemphis, TN 38103
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$1,285 - $1,335Studio Apartments Available Oct 1
The Oliver Luxury Apartments
7 Vance AveMemphis, TN 38103
731 Litty Ct, Unit 305
731 Litty Ct
MemphisTN38103
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$1,329 - $1,443
Total Monthly Price
Base Rent$1,337 - $5,215
Total Monthly Price$1,337 - $5,215
The Rise Apartments
420 Monroe AveMemphis, TN 38103
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$1,342 - $1,415
Total Monthly Price
Base Rent$1,517 - $3,661
Total Monthly Price$1,517 - $3,661
Metro67
67 Madison AveMemphis, TN 38103
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$1,349 - $1,364
Total Monthly Price
Base Rent$1,357 - $6,317
Total Monthly Price$1,357 - $6,317
The Landing Residences
1 Dr Martin Luther King Jr AveMemphis, TN 38103
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 Apartments
Claridge House Condominiums
109 N Main StMemphis, TN 38103
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Studio Apartments
Exchange Building
9 N 2nd StMemphis, TN 38103
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Studio Apartments
W.L.
267 S Main StMemphis, TN 38103
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Studio Apartments
Hope Heights Tower
383 Madison AveMemphis, TN 38103
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Studio Apartments
Main Street Flats
101 S Main StMemphis, TN 38103
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Studio Apartments
99 Front Apartments
99 S Front StMemphis, 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.
109 N Main St
MemphisTN38103
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Studio Apartments
Pembroke Square Apartments
125 Gayoso AveMemphis, TN 38103
Showing Results 1-26, Page 1 of 1
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 | $1,115 | $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 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 26 rentals with your search options within a 1 mile radius of the Downtown Memphis Neighborhood of Memphis, TN.
See all Apartments in MemphisExplore Memphis
Downtown Memphis, Memphis, TN Local Guide
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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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Don'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.
Read ArticleNavigating 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.
Read ArticleReal 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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How much rent can you afford?
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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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.
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Pet Friendly LifestyleDowntown Memphis, Memphis, TN
Ranked #16
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 $880.
What is the price of a cheap apartment in Downtown Memphis?
The cheapest apartment in Downtown Memphis is Uptown Square Apartments which is listed at $760, while the average apartment in Downtown Memphis costs $1,350.
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 221 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 $640 which is $710 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
Memphis, Tennessee: A Local Expert's 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.
The Local Memphis Expert's Guide to Renting Near the Citys Top Employers
Written by: Joshua Carlucci
I'm Josh, your ApartmentHomeLiving.
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.
Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Articles, How-To's, and Tips
How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
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.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
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.
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.