
Cheap Homes for Rent in Riverwalk Neighborhood of Memphis, TN from $1,100 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Riverwalk area of Memphis.


378 Mulberry St

92 S Main St

420 S Front St
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.

71 Union Ave
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Riverwalk, Memphis, TN Local Guide

How much does it cost to rent a home in Riverwalk?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Riverwalk 2 Bedroom Homes for Rent | $2,319 | $1,790 | $3,750 |
Riverwalk 3 Bedroom Homes for Rent | $5,050 | $2,500 | $10,000+ |
Riverwalk 4 Bedroom Homes for Rent | $3,995 | $3,995 | $3,995 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Riverwalk Neighborhood of Memphis, TN.
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Riverwalk, Memphis, TN Local Guide
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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 | 1 Bedroom 1 Bath 50% | 1BR,1BA | $784 |
Exchange Building | 1 Bedroom Small | 1BR,1BA | $925 |
Best Value Apartments for Rent in Riverwalk, TN
As of July 11, 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 2 Bedroom Model at The Marine Residence starting at $1,850 with a $1.44 price per square foot in the South 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. |
---|---|---|---|
RiverLofts @ 460 Tennessee | RiverLoft 2BR | 2BR,2BA | $1.41 |
The Marine Residence | 2 Bedroom | 2BR,2BA | $1.44 |
Court Square Apartments | 2 BR | 2BR,2BA | $1.37 |
The Washburn | A5 | 1BR,1BA | $1.28 |
44 S. Front | 1 Bedroom 1.5 Bath | 1BR,1.5BA | $1.56 |
266 Lofts | A1 | 1BR,1BA | $1.58 |
Owens Place Townhomes | 1 Bed Flat | 1BR,1BA | $1.10 |
Forum Flats | 1 Bedroom 1 Bathroom 1-C Type B-60% | 1BR,1BA | $1.41 |
280 Vance Flats | 1 Bedroom 1 Bath Unit 1A (ADA) | 1BR,1BA | $1.44 |
Crescent Bluff | 1 Bedroom 1 Bath 50% | 1BR,1BA | $1.37 |
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Frequently Asked Questions about Riverwalk
What type of rentals are currently available in Riverwalk?
There are currently 125 Apartments for Rent in Riverwalk, TN with pricing that ranges from $760 to $6,900. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Riverwalk ranging from $1,140 to $10,000.
What is the current price range for Rental Homes in Riverwalk?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Riverwalk ranges from $1,140 to $10,000 with an average monthly rent of $3,233.
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.

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.

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.

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.

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.