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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 Riverwalk Neighborhood of Memphis, TN from $700 (51 Rentals)
Search the lowest-cost Apartments available for rent right now in the Riverwalk 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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$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 Now
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 - $2,746Studio to 3 Bedroom Apartments Available Now
Fielder Square
70 S 4th StMemphis, 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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$1,000 - $1,4101 Bedroom Apartments Available Now
Museum Lofts
138 Huling AveMemphis, TN 38103
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$1,005 - $1,752Studio to 1 Bedroom Apartments Available Jun 13
Lofts at Union Alley
110 Barboro AlyMemphis, 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
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$1,095 - $1,495Studio to 1 Bedroom Apartments Available Now
Pressbox Lofts
195 Madison AveMemphis, TN 38103
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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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$1,160 - $6,841
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$1,160 - $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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$1,230 - $2,830
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$1,230 - $2,830
The Marine Residence
360 Metal Museum DrMemphis, TN 38106
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$1,295 - $1,3951 Bedroom Apartments Available Now
The Commonwealth
240 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
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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$1,445 - $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 to 2 Bedroom Apartments
Crescent Bluff II
10 E Virginia AveMemphis, TN 38106
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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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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
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1 to 3 Bedroom Apartments
Forum Flats
441 E Pontotoc AveMemphis, TN 38126
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 2 Bedroom Apartments
The Washburn
60 S Main StMemphis, 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
270 Lucerne Pl
MemphisTN38126
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1 to 2 Bedroom Apartments
Downtown Studio Suites- All Included
340 W Illinois AveMemphis, TN 38106
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Studio to 2 Bedroom Apartments
99 Front Apartments
99 S Front 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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Studio to 2 Bedroom Apartments
Pembroke Square Apartments
125 Gayoso AveMemphis, TN 38103
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1 to 2 Bedroom Apartments
Lowenstein
66 N Main StMemphis, TN 38103
245 Madison Ave
MemphisTN38103
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1 Bedroom Apartments
Downtown YMCA Lofts
245 Madison AveMemphis, TN 38103
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Studio to 2 Bedroom Apartments
50 Peabody Place
50 Peabody PlMemphis, TN 38103
505 Tennessee St
MemphisTN38103
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1 to 3 Bedroom Apartments
2nd Street Flats
362 S 2nd StMemphis, TN 38103
129 Talbot Ave
MemphisTN38103
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Studio to 2 Bedroom Apartments
Cabinet Shop Lofts
436 S Front StMemphis, TN 38103
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1 Bedroom Apartments
State Place at South End
665 Tennessee StMemphis, 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.
Riverwalk, Memphis, TN Local Guide
How much does it cost to rent an apartment in Riverwalk?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Riverwalk Studio Apartments | $1,160 | $942 | $1,614 |
| Riverwalk 1 Bedroom Apartments | $1,448 | $760 | $2,295 |
| Riverwalk 2 Bedroom Apartments | $2,116 | $945 | $5,900 |
| Riverwalk 3 Bedroom Apartments | $2,658 | $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 51 rentals with your search options within a 2 mile radius of the Riverwalk Neighborhood of Memphis, TN.
See all Apartments in MemphisExplore Memphis
Riverwalk, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
- Nearby Cities
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Owens Place Townhomes | 1 Bed Flat | 1BR,1BA | $760 |
| Crescent Bluff | 11A50 | 1BR,1BA | $784 |
| Indigo Riverview | Powell | Studio,1BA | $827 |
| Claridge House Condominiums | 0 Beds, 1 Baths | Studio,1BA | $845 |
| 280 Vance Flats | 1 Bedroom 1 Bath Unit 1A (ADA) | 1BR,1BA | $950 |
| Forum Flats | 1-C Type B-60% | 1BR,1BA | $955 |
| 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 |
| Fielder Square | E2 Studio | Studio,1BA | $1,000 |
Best Value Apartments for Rent in Riverwalk, TN
As of June 10, 2026 the best value apartment in the Riverwalk 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 Riverwalk 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 Riverwalk 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 | $1.34 |
| Owens Place Townhomes | 1 Bed Flat | 1BR,1BA | $1.10 |
| Crescent Bluff | 11A50 | 1BR,1BA | $1.37 |
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.
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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 Riverwalk, tell us what you love (and don't) by rating it and writing a review.
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Pet Friendly LifestyleRiverwalk, Memphis, TN
Ranked #26
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
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.
Frequently Asked Questions about Cheap Riverwalk Apartments
What is a cheap apartment in Riverwalk?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Riverwalk is under $1,000.
What is the price of a cheap apartment in Riverwalk?
The cheapest apartment in Riverwalk is Owens Place Townhomes which is listed at $760, while the average apartment in Riverwalk costs $2,883.
What types of apartments are the cheapest in Riverwalk?
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 Riverwalk 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 Riverwalk?
Cheap apartments in Riverwalk have an average cost of $687 which is $2,196 cheaper than the average rent for all rentals in Riverwalk.
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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The Local Memphis Experts Guide to Renting Near the Citys Top Employers
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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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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.
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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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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.