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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 (54 Rentals)
Search the lowest-cost Apartments available for rent right now in the Riverwalk area of Memphis.
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$836 - $2,985Studio 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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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 Contact Us For Availability
National Rose Co.
80 Virginia Ave WMemphis, TN 38106
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$999 - $3,359Studio to 3 Bedroom Apartments Available Now
Fielder Square
70 S 4th StMemphis, TN 38103
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$1,000 - $2,276
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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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$1,000 - $1,7501 to 2 Bedroom Apartments Available Now
266 Lofts
266 S Front StMemphis, TN 38103
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$1,034 - $2,492Studio to 1 Bedroom Apartments Available Now
Lofts at Union Alley
110 Barboro AlyMemphis, TN 38103
Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City
Moving to the Bluff City? Get the insider’s guide on Memphis life, from specific neighborhood personalities and current average rent, to the best barbecue and live music spots.
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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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$1,200 - $2,197Studio to 2 Bedroom Apartments Available Now
The Tennessee Brewery Apartments
495 Tennessee StMemphis, TN 38103
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$1,200 - $1,3001 Bedroom Apartments Available Now
Number 10 Main
10 S Main StMemphis, TN 38103
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$1,285 - $3,450Studio to 3 Bedroom Apartments Available Now
The Oliver Luxury Apartments
7 Vance AveMemphis, TN 38103
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$1,295 - $1,9951 to 2 Bedroom Apartments Available Now
Pressbox Lofts
195 Madison AveMemphis, TN 38103
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$1,295 - $1,3951 Bedroom Apartments Available Now
The Commonwealth
240 Madison AveMemphis, TN 38103
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$1,300
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$1,300
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$1,300
505 S Main St, Unit 505 South Main #202
505 S Main StMemphis, TN 38103
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$1,323 - $6,467
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$1,323 - $6,467
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$1,323 - $6,467
The Landing Residences
1 Dr Martin Luther King Jr AveMemphis, TN 38103
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$1,330 - $1,5101 Bedroom Apartments Available Now
South Line at Central Station
9 E Carolina AveMemphis, TN 38103
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$1,420 - $1,7591 to 2 Bedroom Apartments Available Now
South Junction Apartments
9 E Carolina AveMemphis, TN 38103
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,460 - $1,6351 to 2 Bedroom Apartments Available Now
South Bluffs Apartments
4 Riverview Dr WMemphis, TN 38103
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$1,531 - $3,560
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$1,531 - $3,560
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$1,531 - $3,560
Metro67
67 Madison AveMemphis, TN 38103
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$1,541 - $3,1021 to 3 Bedroom Apartments Available Aug 1
Grand Island Apartments
300 Grand Island DrMemphis, TN 38103
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$1,598 - $1,7752 Bedroom Apartments Available Now
The Marine Residence
360 Metal Museum DrMemphis, TN 38106
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1 to 2 Bedroom Apartments
Crescent Bluff II
10 E Virginia AveMemphis, TN 38106
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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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Exchange Building
9 N 2nd StMemphis, TN 38103
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W.L.
267 S Main StMemphis, TN 38103
The Local Memphis Expert's Guide to Renting Near the City's Top Employers
Memphis apartment guide from a local expert, breaking down neighborhoods, average rent, and ideal commute times near the 5 largest employers - FedEx, St. Jude, U of M, Methodist, and AutoZone.
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1 to 3 Bedroom Apartments
Forum Flats
441 E Pontotoc AveMemphis, TN 38126
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Patterson Flats
259 E Butler AveMemphis, TN 38126
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South Main Artspace Lofts
138 St. Paul AveMemphis, TN 38126
109 N Main St
MemphisTN38103
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1 to 2 Bedroom Apartments
The Washburn
60 S Main StMemphis, TN 38103
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Radio Center Flats
66 S Main StMemphis, TN 38103
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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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Cornerstone Flats
113 S Main StMemphis, TN 38103
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Printer's Alley Lofts
347 S Front StMemphis, TN 38103
Affordable Memphis: The Best Neighborhoods with Character and Lower Rents
Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.
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Van Vleet Flats
122 Gayoso AveMemphis, TN 38103
270 Lucerne Pl
MemphisTN38126
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50 Peabody Place
50 Peabody PlMemphis, TN 38103
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2nd Street Flats
362 S 2nd StMemphis, TN 38103
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Downtown Studio Suites- All Included
340 W Illinois AveMemphis, TN 38106
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99 Front Apartments
99 S Front StMemphis, TN 38103
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Lowenstein
66 N Main StMemphis, TN 38103
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1 Bedroom Apartments
Downtown YMCA Lofts
245 Madison AveMemphis, TN 38103
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Pembroke Square Apartments
125 Gayoso AveMemphis, TN 38103
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Cabinet Shop Lofts
436 S Front StMemphis, TN 38103
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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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 | $1,188 | $926 | $1,636 |
| Riverwalk 1 Bedroom Apartments | $1,439 | $760 | $2,367 |
| Riverwalk 2 Bedroom Apartments | $2,084 | $945 | $5,096 |
| Riverwalk 3 Bedroom Apartments | $2,571 | $1,020 | $3,305 |
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 54 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 $799. 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 | $799 |
| 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 | $973 |
| South Main Artspace Lofts | 1 Bedroom | 1BR,1BA | $974 |
| Fielder Square | E2 Studio | Studio,1BA | $999 |
| 266 Lofts | A1 Phase II | 1BR,1BA | $1,000 |
| Museum Lofts | The Stax | 1BR,1BA | $1,000 |
| Court Square Apartments | 1 BR | 1BR,1BA | $1,000 |
Best Value Apartments for Rent in Riverwalk, TN
As of July 25, 2026 the best value apartment in the Riverwalk area is the $1.05 price per square foot 2 Bedroom Model at The Marine Residence in the in the South Memphis neighborhood starting from $1,598. 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 | $1.05 |
| Court Square Apartments | 2 BR | 2BR,2BA | $1.22 |
| Lofts at Merchant Row | Floor Plan A | 1BR,1.5BA | $1.36 |
| Downtown YMCA Lofts | 1 Beds, 1 Baths | 1BR,1BA | $1.09 |
| South Main Artspace Lofts | 1 Bedroom | 1BR,1BA | $1.02 |
| Downtown Memphis Flats | Barboro 1 Bedroom | 1BR,1BA | $1.43 |
| Owens Place Townhomes | 1 Bed Flat | 1BR,1BA | $1.10 |
| Forum Flats | 1-C Type B-60% | 1BR,1BA | $1.44 |
| 280 Vance Flats | 1 Bedroom 1 Bath Unit 1A (ADA) | 1BR,1BA | $1.44 |
| Crescent Bluff | 11A50 | 1BR,1BA | $1.39 |
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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Pet Friendly LifestyleRiverwalk, Memphis, TN
Ranked #30
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 $2,675.
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 35 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 $642 which is $2,033 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.
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Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City
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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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