0000-0001 block from U of Memphis
MemphisTN38111
Cheap Homes for Rent in Downtown Riverside Neighborhood of Memphis, TN from $700 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Riverside area of Memphis.
66 Monroe Ave
MemphisTN38103
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.
966 Tennessee St
MemphisTN38106
720 Litty Ct
MemphisTN38103
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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Downtown Riverside, Memphis, TN Local Guide
How much does it cost to rent a home in Downtown Riverside?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Riverside 2 Bedroom Homes for Rent | $2,625 | $1,700 | $4,500 |
| Downtown Riverside 3 Bedroom Homes for Rent | $2,837 | $2,325 | $3,350 |
| Downtown Riverside 4 Bedroom Homes for Rent | $2,690 | $1,195 | $3,495 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Downtown Riverside Neighborhood of Memphis, TN.
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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. Crescent Bluff has the second lowest priced unit, which is a 1 Bed apartment currently listed from $784. 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 |
| Crescent Bluff | 11A50 | 1BR,1BA | $784 |
| Pressbox Lofts | Times New Roman | Studio,1BA | $895 |
Best Value Apartments for Rent in Downtown Riverside, TN
As of October 13, 2025 the best value apartment in the Downtown Riverside area is the $1.41 price per square foot RiverLoft 2BR Model at RiverLofts @ 460 Tennessee in the in the Downtown Memphis neighborhood starting from $2,600. The second greatest value Downtown Riverside apartment is the NTM-B5 Model at Number 10 Main starting at $1,999 with a $1.51 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. |
|---|---|---|---|
| RiverLofts @ 460 Tennessee | RiverLoft 2BR | 2BR,2BA | $1.41 |
| Number 10 Main | NTM-B5 | 2BR,2BA | $1.51 |
| Patterson Flats | 2-C | 2BR,2BA | $1.02 |
| 2nd Street Flats | 32A60 | 3BR,2BA | $1.23 |
| The Washburn | WAS-A5 | 1BR,1BA | $1.28 |
| The Marine Residence | 1 Bedroom | 1BR,1BA | $1.39 |
| Crescent Bluff | 22A60 | 2BR,2BA | $1.39 |
| Owens Place Townhomes | 1 Bed Flat | 1BR,1BA | $1.10 |
| Forum Flats | 1-C Type B-60% | 1BR,1BA | $1.41 |
| 280 Vance Flats | 1 Bedroom 1 Bath Unit 1A (ADA) | 1BR,1BA | $1.44 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleDowntown Riverside, Memphis, TN
Ranked #19
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Downtown Riverside
What type of rentals are currently available in Downtown Riverside?
There are currently 151 Apartments for Rent in Downtown Riverside, TN with pricing that ranges from $760 to $5,900. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Riverside ranging from $750 to $4,500.
What is the current price range for Rental Homes in Downtown Riverside?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Riverside ranges from $750 to $4,500 with an average monthly rent of $2,107.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.