Cheap Apartments for Rent in the Riverwalk Neighborhood of Memphis, TN from $700 (41 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Crescent Bluff II
1 to 2 Bedroom Apartments

Crescent Bluff II

10 E Virginia AveMemphis, TN 38106
  • Utilities Included
close
View Me
Crescent Bluff
1 to 2 Bedroom Apartments

Crescent Bluff

25 E Virginia AveMemphis, TN 38106
  • Utilities Included
close
View Me
Forum Flats
1 to 3 Bedroom Apartments

Forum Flats

441 E Pontotoc AveMemphis, TN 38126
  • Utilities Included
close
View Me
Patterson Flats
1 to 2 Bedroom Apartments

Patterson Flats

259 E Butler AveMemphis, TN 38126
  • Utilities Included
close
View Me
W.L.
Studio Apartments

W.L.

267 S Main StMemphis, TN 38103
  • Utilities Included
close
View Me
Main Street Flats
Studio to 2 Bedroom Apartments

Main Street Flats

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

Cornerstone Flats

113 S Main StMemphis, TN 38103
  • Utilities Included
close
View Me
Lowenstein
1 to 2 Bedroom Apartments

Lowenstein

66 N Main StMemphis, TN 38103
  • Utilities Included
close
View Me
44 S. Front
1 Bedroom Apartments

44 S. Front

44 S Front StMemphis, TN 38103
close
View Me
Van Vleet Flats
1 Bedroom Apartments

Van Vleet Flats

122 Gayoso AveMemphis, TN 38103
  • Utilities Included
Showing Results 1-41, Page 1 of 1

Riverwalk, Memphis, TN Local Guide

Cheapest Available Riverwalk Apartments for Rent

 

The cheapest available apartment rental in the Riverwalk 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 Riverwalk apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Owens Place Townhomes1 Bed Flat1BR,1BA$760
Crescent Bluff1 Bedroom 1 Bath 50%1BR,1BA$784
Indigo RiverviewPowellStudio,1BA$915
Exchange Building1 Bedroom Small1BR,1BA$925
The ChiscaA1r1BR,1BA$927
280 Vance Flats1 Bedroom 1 Bath Unit 1A (ADA)1BR,1BA$950
Forum Flats1 Bedroom 1 Bathroom 1-C Type B-60%1BR,1BA$953
South Junction ApartmentsThe EdgeStudio,1BA$999
Fielder SquareE2 StudioStudio,1BA$1,000
Lofts at Union AlleyE2Studio,1BA$1,010

Best Value Apartments for Rent in Riverwalk, TN

As of July 01, 2025 the best value apartment in the Riverwalk 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 Riverwalk apartment is the Metropolitan 11 Model at Metro67 starting at $2,153 with a $1.50 price per square foot in the Downtown Memphis neighborhood. Here is today’s list of the best values for Riverwalk apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
RiverLofts @ 460 TennesseeRiverLoft 2BR2BR,2BA$1.41
Metro67Metropolitan 112BR,2BA$1.50
Court Square Apartments2 BR2BR,2BA$1.43
The Marine Residence2 Bedroom2BR,2BA$1.44
The WashburnA51BR,1BA$1.28
2nd Street Flats2x22BR,2BA$1.39
Owens Place Townhomes1 Bed Flat1BR,1BA$1.10
Forum Flats1 Bedroom 1 Bathroom 1-C Type B-60%1BR,1BA$1.41
280 Vance Flats1 Bedroom 1 Bath Unit 1A (ADA)1BR,1BA$1.44
Crescent Bluff1 Bedroom 1 Bath 50%1BR,1BA$1.37

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Riverwalk, Memphis, TN

Ranked #20

Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

Lifestyle Ratings

Our team of engineers and researchers compares millions of points of data to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States, including Memphis. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, kid and pet-friendly communities, availability of transit options, and other valuable search options. These search options are in the site filters at the top of this page.

Getting Around the Riverwalk Neighborhood in Memphis, TN

Walk Score®

84 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

75 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

47 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Riverwalk Apartments

What is the Cheapest Studio apartment in Riverwalk?

Currently the most affordable Cheap Studio Apartment in Riverwalk is at Indigo Riverview listed at $915.

How much is rent for a Cheap One Bedroom Riverwalk Apartment?

The lowest price for a Cheap One Bedroom Riverwalk Apartment is $760 at Owens Place Townhomes.

What is the lowest price for a Cheap Two Bedroom Riverwalk Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Riverwalk is starting from $945 at Owens Place Townhomes.

What is the most affordable Riverwalk Three Bedroom Apartment?

The best deal on a cheap Riverwalk Three Bedroom Apartment rental is at Owens Place Townhomes and starts from $1,020.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.