Cheap Homes for Rent in the Riverwalk Neighborhood of Memphis, TN from $1,150 (10 Rentals)

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

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$1,0001 Bedroom Apartments Available Now

62 N Main St, Unit Court Square Apartments - 1 Bedroom

62 N Main StMemphis, TN 38103

Affordability

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$1,0001 Bedroom Apartments Available Now

62 N Main St, Unit Spanish Court Square Apartments - 1 Bedroom

62 N Main StMemphis, TN 38103

Affordability

$1,150

4 Bedroom, 2 Bath Home for Rent

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270 Lucerne Pl

MemphisTN38126

$900 - $1,195

Studio To 1 Bedroom Rentals

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109 N Main St

MemphisTN38103

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$1,2762 Bedroom Apartments Available Now

62 N Main St, Unit Court Square Apartments - 2 Bedroom

62 N Main StMemphis, TN 38103

Affordability

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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$1,295

Studio, 1 Bath Condo for Rent

Available Now

731 Litty Ct, Unit 305

731 Litty Ct

MemphisTN38103

$1,390

2 Bedroom, 1 Bath Home for Rent

Available Now

129 Talbot Ave

MemphisTN38103

$1,395 - $1,490

1 Bedroom Rentals

Available Now

413 S Main St

MemphisTN38103

$1,700 - $1,739

1 Bedroom Rentals

Available Now

505 Tennessee St

MemphisTN38103

$1,750

1 Bedroom, 2 Bath Home for Rent

Available Now

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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Showing Results 1-10, Page 1 of 1

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	$2,516	$1,390	$3,950
Riverwalk 3 Bedroom Homes for Rent	$2,820	$2,140	$3,500
Riverwalk 4 Bedroom Homes for Rent	$2,915	$1,150	$4,000

Browse Homes for Rent in this Neighborhood

There are currently 10 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 $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
Indigo Riverview	Powell	Studio,1BA	$837

Best Value Apartments for Rent in Riverwalk, TN

As of August 26, 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 $1,595. 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
Downtown YMCA Lofts	1 Beds, 1 Baths	1BR,1BA	$1.09
Printer's Alley Lofts	PAL-A9	1BR,1BA	$1.02
South Main Artspace Lofts	1 Bedroom	1BR,1BA	$1.02
Pembroke Square Apartments	Pembroke Square- S10	Studio ,1BA	$1.42
Number 10 Main	NTM-A2	1BR,1BA	$1.38
Patterson Flats	1-B	1BR,1BA	$1.28
Owens Place Townhomes	1 Bed Flat	1BR,1BA	$1.10
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.

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Real 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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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.

Pet Friendly Lifestyle
Riverwalk, Memphis, TN

Ranked #28

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

Frequently Asked Questions about Riverwalk

What type of rentals are currently available in Riverwalk?

There are currently 124 Apartments for Rent in Riverwalk, TN with pricing that ranges from $760 to $5,058. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Riverwalk ranging from $1,150 to $4,000.

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 $1,150 to $4,000 with an average monthly rent of $2,401.

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

Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City

Written by: Joshua Carlucci

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.