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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 $695 (63 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Riverside area of Memphis.
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$765 - $2,641Studio to 3 Bedroom Apartments Available Now
Indigo Riverview
99 N Main StMemphis, TN 38103
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$858 - $2,335Studio to 3 Bedroom Apartments Available Now
Fielder Square
70 S 4th StMemphis, TN 38103
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$895 - $1,4101 Bedroom Apartments Available Now
Museum Lofts
138 Huling AveMemphis, TN 38103
639 Mississippi Blvd
MemphisTN38126
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$947 - $2,913
Total Monthly Price
Base Rent$947 - $2,913
Total Monthly PriceVaries
The Chisca
272 S Main StMemphis, TN 38103
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$950 - $1,7501 to 2 Bedroom Apartments Available Now
266 Lofts
266 S Front 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 Available Now
National Rose Co.
80 Virginia Ave WMemphis, TN 38106
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$995 - $1,995Studio to 2 Bedroom Apartments Available Now
Pressbox Lofts
195 Madison 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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$1,000 - $2,276
Total Monthly Price
Base Rent$1,000 - $2,276
Total Monthly Price$1,000 - $2,276
Court Square Apartments
62 N Main StMemphis, TN 38103
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$1,004 - $2,178
Total Monthly Price
Base Rent$1,004 - $2,178
Total Monthly Price$1,004 - $2,178
Lofts at Union Alley
110 Barboro AlyMemphis, TN 38103
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$1,049 - $1,759Studio to 2 Bedroom Apartments Available Now
South Junction Apartments
9 E Carolina AveMemphis, TN 38103
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$1,070 - $2,3001 to 2 Bedroom Apartments Available Now
The Marine Residence
360 Metal Museum DrMemphis, TN 38106
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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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$1,150 - $1,3501 to 2 Bedroom Apartments Available Now
Number 10 Main
10 S Main StMemphis, TN 38103
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$1,178 - $2,570Studio to 2 Bedroom Apartments Available Now
The Tennessee Brewery Apartments
495 Tennessee StMemphis, TN 38103
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$1,200 - $1,3951 Bedroom Apartments Available Now
The Commonwealth
240 Madison AveMemphis, TN 38103
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$1,200 - $1,9951 Bedroom Apartments Available Now
Lofts at Merchant Row
91 S 2nd 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
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.
731 Litty Ct, Unit 305
731 Litty Ct
MemphisTN38103
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$1,330 - $1,7701 to 2 Bedroom Apartments Available Now
South Line at Central Station
9 E Carolina AveMemphis, TN 38103
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$1,357 - $7,512
Total Monthly Price
Base Rent$1,357 - $7,512
Total Monthly Price$1,357 - $7,512
The Landing Residences
1 Dr Martin Luther King Jr AveMemphis, TN 38103
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$1,365 - $5,790
Total Monthly Price
Base Rent$1,365 - $5,790
Total Monthly Price$1,365 - $5,790
The Rise Apartments
420 Monroe AveMemphis, TN 38103
156 GE Patterson Ave
MemphisTN38103
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$1,400 - $1,950
Total Monthly Price
Base Rent$1,400 - $1,950
Total Monthly Price$1,400 - $1,950
Urban Loft Co. Memphis- Utilties Included
440 Monroe AveMemphis, TN 38103
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$1,400 - $1,7601 to 2 Bedroom Apartments Available Now
South Bluffs Apartments
4 Riverview Dr WMemphis, TN 38103
306 S Lauderdale St
MemphisTN38126
24 W Colorado Ave
MemphisTN38106
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2 Bedroom Apartments
487 Williams Ave
487 Williams AveMemphis, TN 38126
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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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
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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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1 to 4 Bedroom Apartments
Cleaborn Pointe at Heritage Senior Apartments
460 S Lauderdale StMemphis, TN 38126
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Studio to 2 Bedroom Apartments
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
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.
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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
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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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1 to 2 Bedroom Apartments
Printer's Alley Lofts
347 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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Studio to 2 Bedroom Apartments
99 Front Apartments
99 S Front StMemphis, 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 | $1,186 | $851 | $1,614 |
| Downtown Riverside 1 Bedroom Apartments | $1,438 | $760 | $2,360 |
| Downtown Riverside 2 Bedroom Apartments | $2,013 | $895 | $4,958 |
| Downtown Riverside 3 Bedroom Apartments | $2,517 | $1,020 | $2,913 |
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 63 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 $695. 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 | $695 |
| 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 |
| Fielder Square | E1 Studio | Studio,1BA | $858 |
| Museum Lofts | The Rock-n-Soul | 1BR,1BA | $895 |
| 266 Lofts | A1 Phase II | 1BR,1BA | $950 |
| 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 |
Best Value Apartments for Rent in Downtown Riverside, TN
As of September 10, 2026 the best value apartment in the Downtown Riverside area is the $1.22 price per square foot 2 BR Model at Court Square Apartments in the in the Downtown Memphis neighborhood starting from $1,776. The second greatest value Downtown Riverside apartment is the 1 Beds, 1 Baths Model at Downtown YMCA Lofts starting at $1,250 with a $1.09 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. |
|---|---|---|---|
| Court Square Apartments | 2 BR | 2BR,2BA | $1.22 |
| Downtown YMCA Lofts | 1 Beds, 1 Baths | 1BR,1BA | $1.09 |
| Printer's Alley Lofts | PAL-A9 | 1BR,1BA | $1.02 |
| South Main Artspace Lofts | 1 Bedroom | 1BR,1BA | $1.02 |
| The Washburn | WAS-A5 | 1BR,1BA | $1.09 |
| Number 10 Main | NTM-A2 | 1BR,1BA | $1.38 |
| Downtown Memphis Flats | Barboro 1 Bedroom | 1BR,1BA | $1.43 |
| Patterson Flats | 1-A Type B | 1BR,1BA | $1.30 |
| Owens Place Townhomes | 1 Bed Flat | 1BR,1BA | $1.10 |
| 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 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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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 $974.
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 $1,450.
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 51 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 $573 which is $877 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.
The Local Memphis Expert's Guide to Renting Near the Citys Top Employers
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College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive
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Affordable Memphis: The Best Lower Priced Neighborhoods with Character
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