Cheap Apartments for Rent in the Harbor Town Neighborhood of Memphis, TN from $800 (20 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Harbor Town area of Memphis.

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Main Street Flats
Studio to 2 Bedroom Apartments

Main Street Flats

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

Cornerstone Flats

113 S Main StMemphis, TN 38103
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Van Vleet Flats
1 to 2 Bedroom Apartments

Van Vleet Flats

122 Gayoso AveMemphis, TN 38103
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The Washburn
1 to 2 Bedroom Apartments

The Washburn

60 S Main StMemphis, TN 38103
Corporate Housing

Harbor Town, Memphis, TN Local Guide

Cheapest Available Harbor Town Apartments for Rent

 

The cheapest available apartment rental in the Harbor Town area of Memphis, TN is a Studio unit found at Indigo Riverview priced from $889. Exchange Building has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here are the most affordable Harbor Town apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Indigo RiverviewPowellStudio,1BA$889
Exchange Building1 Bedroom Small1BR,1BA$925
Fielder SquareE1 StudioStudio,1BA$954
The CommonwealthThe TownsendStudio,1BA$1,075
The Estates at River PointeA11BR,1BA$1,083

Best Value Apartments for Rent in Harbor Town, TN

As of January 28, 2026 the best value apartment in the Harbor Town area is the $1.51 price per square foot NTM-B5 Model at Number 10 Main in the in the Downtown Memphis neighborhood starting from $1,999. The second greatest value Harbor Town apartment is the B3 Model at Belle Harbour Apartments starting at $1,999 with a $1.63 price per square foot in the Downtown Memphis neighborhood. Here is today’s list of the best values for Harbor Town apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Number 10 MainNTM-B52BR,2BA$1.51
Belle Harbour ApartmentsB32BR,2BA$1.63
Lofts at Merchant RowFloor Plan D1BR,1BA$1.26
Island Park/Harbor Town SquareA2 (1x1 Island Park)1BR,1BA$1.40
Court Square Apartments1 BR1BR,1BA$1.78
Grand Island ApartmentsWaterstone1BR,1BA$1.71
The Estates at River PointeA21BR,1BA$1.58
The WashburnWAS-A21BR,1BA$1.64
Riverset ApartmentsA1 - Elm1BR,1BA$1.81
Exchange Building1 Bedroom Medium1BR,1BA$1.68

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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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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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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Central Memphis. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, transit availability, pet-friendly communities, family-friendly amenities, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Harbor Town Apartments

What is a cheap apartment in Harbor Town?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Harbor Town is under $1,140.

What is the price of a cheap apartment in Harbor Town?

The cheapest apartment in Harbor Town is Exchange Building which is listed at $925, while the average apartment in Harbor Town costs $2,202.

What types of apartments are the cheapest in Harbor Town?

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 168 regular apartments in Harbor Town 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 Harbor Town?

Cheap apartments in Harbor Town have an average cost of $514 which is $1,688 cheaper than the average rent for all rentals in Harbor Town.

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.

Articles, How-To's, and Tips

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Affordable Memphis: The Best Lower Priced Neighborhoods with Character

Written by: Joshua Carlucci

I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.