
Cheap Apartments for Rent in the Harbor Town Neighborhood of Memphis, TN from $800 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Harbor Town area of Memphis.


Exchange Building

Fielder Square

Lofts at Union Alley

Conwood Flats Apartment Homes

Downtown Memphis Flats
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The Commonwealth

The Estates at River Pointe

Riverset Apartments

Pressbox Lofts

Harbor Side at Conwood Flats Apartments

Belle Harbour Apartments
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Lofts at Merchant Row

109 N Main St

Radio Center Flats

Main Street Flats

Cornerstone Flats

Van Vleet Flats
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The Washburn

124 Monroe Ave
Harbor Town, Memphis, TN Local Guide

How much does it cost to rent an apartment in Harbor Town?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Harbor Town Studio Apartments | $1,100 | $839 | $1,990 |
| Harbor Town 1 Bedroom Apartments | $1,359 | $925 | $2,221 |
| Harbor Town 2 Bedroom Apartments | $1,759 | $1,050 | $2,496 |
| Harbor Town 3 Bedroom Apartments | $2,376 | $1,961 | $3,300 |
Browse Apartments in this Neighborhood
There are currently 20 rentals with your search options within a 2 mile radius of the Harbor Town Neighborhood of Memphis, TN.
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Harbor Town, Memphis, TN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Indigo Riverview | Powell | Studio,1BA | $889 |
| Exchange Building | 1 Bedroom Small | 1BR,1BA | $925 |
| Fielder Square | E1 Studio | Studio,1BA | $954 |
| The Commonwealth | The Townsend | Studio,1BA | $1,075 |
| The Estates at River Pointe | A1 | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Number 10 Main | NTM-B5 | 2BR,2BA | $1.51 |
| Belle Harbour Apartments | B3 | 2BR,2BA | $1.63 |
| Lofts at Merchant Row | Floor Plan D | 1BR,1BA | $1.26 |
| Island Park/Harbor Town Square | A2 (1x1 Island Park) | 1BR,1BA | $1.40 |
| Court Square Apartments | 1 BR | 1BR,1BA | $1.78 |
| Grand Island Apartments | Waterstone | 1BR,1BA | $1.71 |
| The Estates at River Pointe | A2 | 1BR,1BA | $1.58 |
| The Washburn | WAS-A2 | 1BR,1BA | $1.64 |
| Riverset Apartments | A1 - Elm | 1BR,1BA | $1.81 |
| Exchange Building | 1 Bedroom Medium | 1BR,1BA | $1.68 |
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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!
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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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.
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

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
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I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

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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.

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.