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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 (68 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Riverside area of Memphis.
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$827 - $3,199Studio to 3 Bedroom Apartments Available Now
Indigo Riverview
99 N Main StMemphis, TN 38103
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$947 - $2,913
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Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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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 Jun 30
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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$999 - $1,3001 Bedroom Apartments Available Jun 15
Number 10 Main Apartments
10 S Main StMemphis, TN 38103
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$999 - $1,770Studio to 2 Bedroom Apartments Available Now
South Line at Central Station
9 E Carolina AveMemphis, TN 38103
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$999 - $1,759Studio to 2 Bedroom Apartments Available Now
South Junction Apartments
9 E Carolina AveMemphis, 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 - $1,4101 Bedroom Apartments Available Now
Museum Lofts
138 Huling AveMemphis, TN 38103
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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Rent Specials
$1,000 - $2,276
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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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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$1,003 - $1,786Studio to 1 Bedroom Apartments Available Jun 17
Lofts at Union Alley
110 Barboro AlyMemphis, TN 38103
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$1,029 - $2,763Studio to 3 Bedroom Apartments Available Now
Fielder Square
70 S 4th StMemphis, TN 38103
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$1,049 - $2,615Studio to 2 Bedroom Apartments Available Now
The Tennessee Brewery Apartments
495 Tennessee StMemphis, TN 38103
109 N Main St
MemphisTN38103
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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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Rent Specials
$1,182 - $6,841
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,182 - $6,841
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The Landing Residences
1 Dr Martin Luther King Jr AveMemphis, TN 38103
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$1,230 - $2,830
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,230 - $2,830
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$1,230 - $2,830
The Marine Residence
360 Metal Museum DrMemphis, TN 38106
437 Monroe Ave, Unit 106
437 Monroe Ave
MemphisTN38103
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$1,295 - $1,3951 Bedroom Apartments Available Now
The Commonwealth
240 Madison AveMemphis, TN 38103
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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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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$1,360 - $1,7351 to 2 Bedroom Apartments Contact Us For Availability
South Bluffs Apartments
4 Riverview Dr WMemphis, TN 38103
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$1,400 - $1,850
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1 Bedroom Apartments Available NowTotal Monthly Price
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$1,400 - $1,850
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$1,400 - $1,850
Urban Loft Co. Memphis- Utilties Included
440 Monroe AveMemphis, TN 38103
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$1,407 - $6,219
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$1,407 - $6,219
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The Rise Apartments
420 Monroe AveMemphis, TN 38103
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$1,445 - $5,900Studio to 3 Bedroom Apartments Available Now
The Oliver Luxury Apartments
7 Vance AveMemphis, TN 38103
92 S Main St, Unit 102
92 S Main St
MemphisTN38103
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$1,555 - $3,784
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$1,555 - $3,784
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$1,555 - $3,784
Metro67
67 Madison AveMemphis, TN 38103
129 Talbot Ave, Unit 103
129 Talbot Ave
MemphisTN38103
730 Litty Ct
MemphisTN38103
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$1,695 - $1,9951 Bedroom Apartments Available Now
Lofts at Merchant Row
91 S 2nd StMemphis, TN 38103
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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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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1 to 2 Bedroom Apartments
Crescent Bluff II
10 E Virginia AveMemphis, TN 38106
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2 Bedroom Apartments
487 Williams Ave
487 Williams AveMemphis, TN 38126
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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 3 Bedroom Apartments
South Main Artspace Lofts
138 St. Paul AveMemphis, TN 38126
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Studio to 2 Bedroom Apartments
Exchange Building
9 N 2nd StMemphis, TN 38103
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Studio to 2 Bedroom Apartments
W.L.
267 S Main StMemphis, TN 38103
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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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 2 Bedroom Apartments
The Washburn
60 S Main StMemphis, TN 38103
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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
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
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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 | $1,181 | $942 | $1,614 |
| Downtown Riverside 1 Bedroom Apartments | $1,458 | $760 | $2,295 |
| Downtown Riverside 2 Bedroom Apartments | $2,121 | $945 | $5,900 |
| Downtown Riverside 3 Bedroom Apartments | $2,661 | $1,020 | $3,199 |
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 68 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
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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 1 Bed unit found at Owens Place Townhomes priced from $760. 487 Williams Ave has the second lowest priced unit, which is a 2 Beds apartment currently listed from $795. Here are the most affordable Downtown Riverside apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Owens Place Townhomes | 1 Bed Flat | 1BR,1BA | $760 |
| 487 Williams Ave | 2 Beds, 1 Baths | 2BR,1BA | $795 |
| Crescent Bluff | 11A50 | 1BR,1BA | $799 |
| Indigo Riverview | Powell | Studio,1BA | $827 |
| Claridge House Condominiums | 0 Beds, 1 Baths | Studio,1BA | $845 |
| Forum Flats | 1 A Type B PBV | 1BR,1BA | $973 |
| South Junction Apartments | The Edge | Studio,1BA | $999 |
| South Line at Central Station | 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 June 11, 2026 the best value apartment in the Downtown Riverside area is the $0.99 price per square foot 2 Bedroom Model at The Marine Residence in the in the South Memphis neighborhood starting from $1,705. 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 | $0.99 |
| Court Square Apartments | 2 BR | 2BR,2BA | $1.22 |
| 44 S. Front | 2 Bedroom 1.5 Bath | 2BR,1.5BA | $1.42 |
| Lofts at Merchant Row | Floor Plan A | 1BR,1.5BA | $1.36 |
| Downtown YMCA Lofts | 1 Beds, 1 Baths | 1BR,1BA | $1.09 |
| 2nd Street Flats | 32A60 | 3BR,2BA | $1.26 |
| Downtown Memphis Flats | Barboro 1 Bedroom | 1BR,1BA | $1.43 |
| Forum Flats | 1 A Type B PBV | 1BR,1BA | $1.37 |
| 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 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.
Read ArticleQuick Rent Budget Calculator
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 Riverside, tell us what you love (and don't) by rating it and writing a review.
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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 $2,846.
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 49 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 $681 which is $2,165 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.
Helpful Local Expert Guides
Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive
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I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
The Local Memphis Experts Guide to Renting Near the Citys Top Employers
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Memphis, Tennessee: A Local Experts 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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
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Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.