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$760 - $1,0201 to 3 Bedroom Apartments Available Now
Owens Place Townhomes
291 E Pontotoc AveMemphis, TN 38126
Cheap Apartments for Rent in the Downtown Riverside Neighborhood of Memphis, TN from $700 (62 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Riverside area of Memphis.
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$836 - $2,985Studio to 3 Bedroom Apartments Available Now
Indigo Riverview
99 N Main StMemphis, TN 38103
639 Mississippi Blvd
MemphisTN38126
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$947 - $2,913
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$947 - $2,913
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$947 - $2,913
The Chisca
272 S Main StMemphis, TN 38103
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$950 - $9951 Bedroom Apartments Available Now
280 Vance Flats
280 Vance AveMemphis, TN 38126
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$952 - $2,256Studio to 2 Bedroom Apartments Contact Us For Availability
National Rose Co.
80 Virginia Ave WMemphis, TN 38106
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$999 - $3,359Studio to 3 Bedroom Apartments Available Now
Fielder Square
70 S 4th StMemphis, TN 38103
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$1,000 - $1,7501 to 2 Bedroom Apartments Available Now
266 Lofts
266 S Front StMemphis, TN 38103
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$1,000 - $2,276
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$1,000 - $2,276
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$1,000 - $2,276
Court Square Apartments
62 N Main StMemphis, TN 38103
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$1,000 - $1,4101 Bedroom Apartments Available Now
Museum Lofts
138 Huling AveMemphis, TN 38103
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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$1,033 - $2,481Studio to 1 Bedroom Apartments Available Now
Lofts at Union Alley
110 Barboro AlyMemphis, TN 38103
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$1,125 - $1,7551 to 2 Bedroom Apartments Available Now
Downtown Memphis Flats
100 Gayoso AveMemphis, TN 38103
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$1,200 - $1,3001 Bedroom Apartments Available Now
Number 10 Main
10 S Main StMemphis, TN 38103
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$1,200 - $2,197Studio to 2 Bedroom Apartments Available Now
The Tennessee Brewery Apartments
495 Tennessee StMemphis, TN 38103
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$1,285 - $3,450Studio to 3 Bedroom Apartments Available Now
The Oliver Luxury Apartments
7 Vance AveMemphis, TN 38103
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$1,286 - $5,871
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$1,286 - $5,871
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$1,286 - $5,871
The Rise Apartments
420 Monroe AveMemphis, TN 38103
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$1,295 - $1,3951 Bedroom Apartments Available Now
The Commonwealth
240 Madison AveMemphis, TN 38103
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$1,295 - $1,9951 to 2 Bedroom Apartments Available Now
Pressbox Lofts
195 Madison AveMemphis, TN 38103
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$1,300
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$1,300
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$1,300
505 S Main St, Unit 505 South Main #202
505 S Main StMemphis, TN 38103
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$1,323 - $6,467
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$1,323 - $6,467
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$1,323 - $6,467
The Landing Residences
1 Dr Martin Luther King Jr AveMemphis, TN 38103
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,330 - $1,5101 Bedroom Apartments Available Now
South Line at Central Station
9 E Carolina AveMemphis, TN 38103
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$1,400 - $1,950
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$1,400 - $1,950
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$1,400 - $1,950
Urban Loft Co. Memphis- Utilties Included
440 Monroe AveMemphis, TN 38103
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$1,420 - $1,7591 to 2 Bedroom Apartments Available Now
South Junction Apartments
9 E Carolina AveMemphis, TN 38103
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$1,460 - $1,6351 to 2 Bedroom Apartments Available Now
South Bluffs Apartments
4 Riverview Dr WMemphis, TN 38103
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$1,531 - $3,560
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$1,531 - $3,560
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$1,531 - $3,560
Metro67
67 Madison AveMemphis, TN 38103
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$1,598 - $1,7752 Bedroom Apartments Available Now
The Marine Residence
360 Metal Museum DrMemphis, TN 38106
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1 to 4 Bedroom Apartments
Cleaborn Pointe at Heritage Senior Apartments
460 S Lauderdale StMemphis, TN 38126
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2 Bedroom Apartments
487 Williams Ave
487 Williams AveMemphis, TN 38126
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1 to 2 Bedroom Apartments
Crescent Bluff II
10 E Virginia AveMemphis, TN 38106
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1 to 3 Bedroom Apartments
Crescent Bluff
25 E Virginia AveMemphis, TN 38106
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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2 to 3 Bedroom Apartments
Mason Homes on 4th
900 S 4th StMemphis, TN 38126
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Studio to 1 Bedroom Apartments
Claridge House Condominiums
109 N Main StMemphis, TN 38103
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3 Bedroom Apartments
Pontotoc Gardens
537-539 Pontotoc AveMemphis, TN 38126
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Studio to 2 Bedroom Apartments
Exchange Building
9 N 2nd StMemphis, TN 38103
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W.L.
267 S Main StMemphis, TN 38103
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1 to 2 Bedroom Apartments
Jefferson Place
560 S Jefferson PlMemphis, TN 38105
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1 to 3 Bedroom Apartments
Forum Flats
441 E Pontotoc AveMemphis, TN 38126
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1 to 3 Bedroom Apartments
Patterson Flats
259 E Butler AveMemphis, TN 38126
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Studio to 3 Bedroom Apartments
South Main Artspace Lofts
138 St. Paul AveMemphis, TN 38126
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Studio to 2 Bedroom Apartments
Hope Heights Tower
383 Madison AveMemphis, 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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1 to 2 Bedroom Apartments
The Washburn
60 S Main StMemphis, TN 38103
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1 to 2 Bedroom Apartments
Radio Center Flats
66 S Main StMemphis, TN 38103
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1 to 2 Bedroom Apartments
Annex Lofts
345 S Front StMemphis, TN 38103
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Studio to 2 Bedroom Apartments
Main Street Flats
101 S Main StMemphis, TN 38103
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1 to 2 Bedroom Apartments
Cornerstone Flats
113 S Main StMemphis, TN 38103
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1 to 2 Bedroom Apartments
Printer's Alley Lofts
347 S Front StMemphis, TN 38103
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1 to 2 Bedroom Apartments
Van Vleet Flats
122 Gayoso AveMemphis, TN 38103
270 Lucerne Pl
MemphisTN38126
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Studio to 2 Bedroom Apartments
50 Peabody Place
50 Peabody PlMemphis, TN 38103
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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Downtown Riverside, Memphis, TN Local Guide
How much does it cost to rent an apartment in Downtown Riverside?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Riverside Studio Apartments | $1,208 | $926 | $1,636 |
| Downtown Riverside 1 Bedroom Apartments | $1,453 | $760 | $2,372 |
| Downtown Riverside 2 Bedroom Apartments | $2,081 | $895 | $5,096 |
| Downtown Riverside 3 Bedroom Apartments | $2,647 | $1,020 | $3,305 |
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 62 rentals with your search options within a 2 mile radius of the Downtown Riverside Neighborhood of Memphis, TN.
See all Apartments in MemphisExplore Memphis
Downtown Riverside, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
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Cheapest Available Downtown Riverside Apartments for Rent
The cheapest available apartment rental in the Downtown Riverside area of Memphis, TN is a 2 Beds unit found at 487 Williams Ave priced from $750. Owens Place Townhomes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $760. Here are the most affordable Downtown Riverside apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 487 Williams Ave | 2 Beds, 1 Baths | 2BR,1BA | $750 |
| Owens Place Townhomes | 1 Bed Flat | 1BR,1BA | $760 |
| Crescent Bluff | 11A50 | 1BR,1BA | $799 |
| Claridge House Condominiums | 0 Beds, 1 Baths | Studio,1BA | $845 |
| 280 Vance Flats | 1 Bedroom 1 Bath Unit 1A (ADA) | 1BR,1BA | $950 |
| Forum Flats | 1-C Type B-60% | 1BR,1BA | $973 |
| South Main Artspace Lofts | 1 Bedroom | 1BR,1BA | $974 |
| Fielder Square | E2 Studio | Studio,1BA | $999 |
| 266 Lofts | A1 Phase II | 1BR,1BA | $1,000 |
| Museum Lofts | The Stax | 1BR,1BA | $1,000 |
Best Value Apartments for Rent in Downtown Riverside, TN
As of July 26, 2026 the best value apartment in the Downtown Riverside area is the $1.05 price per square foot 2 Bedroom Model at The Marine Residence in the in the South Memphis neighborhood starting from $1,598. The second greatest value Downtown Riverside apartment is the 2 BR Model at Court Square Apartments starting at $1,776 with a $1.22 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Marine Residence | 2 Bedroom | 2BR,2BA | $1.05 |
| Court Square Apartments | 2 BR | 2BR,2BA | $1.22 |
| Lofts at Merchant Row | Floor Plan A | 1BR,1.5BA | $1.36 |
| Downtown YMCA Lofts | 1 Beds, 1 Baths | 1BR,1BA | $1.09 |
| South Main Artspace Lofts | 1 Bedroom | 1BR,1BA | $1.02 |
| Downtown Memphis Flats | Barboro 1 Bedroom | 1BR,1BA | $1.43 |
| Owens Place Townhomes | 1 Bed Flat | 1BR,1BA | $1.10 |
| Forum Flats | 1-C Type B-60% | 1BR,1BA | $1.44 |
| 280 Vance Flats | 1 Bedroom 1 Bath Unit 1A (ADA) | 1BR,1BA | $1.44 |
| Crescent Bluff | 11A50 | 1BR,1BA | $1.39 |
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 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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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 $1,000.
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 $2,810.
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 42 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 $694 which is $2,116 cheaper than the average rent for all rentals in Downtown Riverside.
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.
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Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City
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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.
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