Cheap Apartments for Rent in the Downtown Riverside Neighborhood of Memphis, TN from $600 (49 Rentals)

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Cheap Apartments in the Downtown Riverside area of Memphis.

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property at 109 N Main St

109 N Main St

MemphisTN38103

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Crescent Bluff II
1 to 2 Bedroom Apartments

Crescent Bluff II

10 E Virginia AveMemphis, TN 38106
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Pontotoc Gardens
3 Bedroom Apartments

Pontotoc Gardens

537-539 Pontotoc AveMemphis, TN 38126
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Forum Flats
1 to 3 Bedroom Apartments

Forum Flats

441 E Pontotoc AveMemphis, TN 38126
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Patterson Flats
1 to 3 Bedroom Apartments

Patterson Flats

259 E Butler AveMemphis, TN 38126
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2nd Street Flats
1 to 3 Bedroom Apartments

2nd Street Flats

362 S 2nd StMemphis, TN 38103
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Crescent Bluff
1 to 3 Bedroom Apartments

Crescent Bluff

25 E Virginia AveMemphis, TN 38106
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Jefferson Place
1 to 2 Bedroom Apartments

Jefferson Place

560 S Jefferson PlMemphis, TN 38105
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Hope Heights Tower
Studio Apartments

Hope Heights Tower

383 Madison AveMemphis, TN 38103
Senior Living
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W.L.
Studio Apartments

W.L.

267 S Main StMemphis, TN 38103
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Main Street Flats
Studio to 2 Bedroom Apartments

Main Street Flats

101 S Main StMemphis, TN 38103
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Cornerstone Flats
1 to 2 Bedroom Apartments

Cornerstone Flats

113 S Main StMemphis, TN 38103
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Lowenstein
1 to 2 Bedroom Apartments

Lowenstein

66 N Main StMemphis, TN 38103
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44 S. Front
1 Bedroom Apartments

44 S. Front

44 S Front StMemphis, TN 38103
Showing Results 1-49, Page 1 of 1

Downtown Riverside, Memphis, TN Local Guide

Cheapest Available Downtown Riverside Apartments for Rent

 

The cheapest available apartment rental in the Downtown Riverside area of Memphis, TN is a 1 Bed unit found at Owens Place Townhomes priced from $760. Indigo Riverview has the second lowest priced unit, which is a Studio apartment currently listed from $772. Here are the most affordable Downtown Riverside apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Owens Place Townhomes1 Bed Flat1BR,1BA$760
Indigo RiverviewEmoryStudio,1BA$772
Forum Flats1 Bedroom One Bathroom 1-A Type B-60%1BR,1BA$889
Exchange Building1 Bedroom Small1BR,1BA$925
280 Vance Flats1 Bedroom 1 Bath Unit 1A (ADA)1BR,1BA$950
The ChiscaA1r1BR,1BA$970
Urban Loft Co. Memphis- Utilties IncludedThe Urban Loft A1BR,1BA$999
South Junction ApartmentsThe EdgeStudio,1BA$999
South Line at Central StationstudioStudio,1BA$999
The WashburnA41BR,1BA$1,019

Best Value Apartments for Rent in Downtown Riverside, TN

As of May 04, 2025 the best value apartment in the Downtown Riverside area is the $1.14 price per square foot 2 Bedroom Model at The Marine Residence in the in the South Memphis neighborhood starting from $1,725. The second greatest value Downtown Riverside apartment is the B5 Model at Number 10 Main Street Apartments starting at $2,031 with a $1.54 price per square foot in the Downtown Memphis neighborhood. Here is today’s list of the best values for Downtown Riverside apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Marine Residence2 Bedroom2BR,2BA$1.14
Number 10 Main Street ApartmentsB52BR,2BA$1.54
Pressbox LoftsFolio + Loft2BR,2BA$1.47
The WashburnA51BR,1BA$1.28
44 S. Front1 Bedroom 1.5 Bath1BR,1.5BA$1.56
Museum LoftsThe Delta1BR,1BA$1.44
Lofts at Merchant RowFloor Plan E1BR,1BA$1.59
Owens Place Townhomes1 Bed Flat1BR,1BA$1.10
Forum Flats1 Bedroom One Bathroom 1-A Type B-60%1BR,1BA$1.31
280 Vance Flats1 Bedroom 1 Bath Unit 1A (ADA)1BR,1BA$1.44

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Pet Friendly Lifestyle
Downtown Riverside, Memphis, TN

Ranked #14

Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, cities, and rental properties across Tennessee, including Memphis. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and proximity to parks, transit availability, pet-friendly communities, family-friendly amenities, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Downtown Riverside Apartments

What is a cheap apartment in Downtown Riverside?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Riverside is under $1,019.

What is the price of a cheap apartment in Downtown Riverside?

The cheapest apartment in Downtown Riverside is Owens Place Townhomes which is listed at $760, while the average apartment in Downtown Riverside costs $2,508.

What types of apartments are the cheapest in Downtown Riverside?

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 5 regular apartments in Downtown Riverside 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 Riverside?

Cheap apartments in Downtown Riverside have an average cost of $102 which is $2,406 cheaper than the average rent for all rentals in Downtown Riverside.

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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.