0000-0001 block from U of Memphis
MemphisTN38111
Cheap Homes for Rent in Riverwalk Neighborhood of Memphis, TN from $700 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Riverwalk area of Memphis.
66 Monroe Ave
MemphisTN38103
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.
107 S Front St
MemphisTN38103
966 Tennessee St
MemphisTN38106
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.
124 Monroe Ave
MemphisTN38103
Showing Results 1-5, 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 | $2,361 | $1,400 | $3,940 |
| Riverwalk 3 Bedroom Homes for Rent | $2,795 | $2,315 | $3,350 |
| Riverwalk 4 Bedroom Homes for Rent | $2,665 | $1,095 | $3,495 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Riverwalk Neighborhood of Memphis, TN.
Explore Memphis
Riverwalk, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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. Indigo Riverview has the second lowest priced unit, which is a Studio apartment currently listed from $779. 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 |
| Indigo Riverview | Powell | Studio,1BA | $779 |
| Printer's Alley Lofts | PAL-A2 | 1BR,1BA | $900 |
Best Value Apartments for Rent in Riverwalk, TN
As of November 27, 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 NTM-B5 Model at Number 10 Main starting at $1,999 with a $1.51 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. |
|---|---|---|---|
| RiverLofts @ 460 Tennessee | RiverLoft 2BR | 2BR,2BA | $1.41 |
| Number 10 Main | NTM-B5 | 2BR,2BA | $1.51 |
| Lofts at Union Alley | A6 | 1BR,1BA | $1.29 |
| 266 Lofts | B1 | 2BR,2BA | $1.46 |
| Lofts at Merchant Row | Floor Plan D | 1BR,1BA | $1.26 |
| Museum Lofts | The Delta | 1BR,1BA | $1.48 |
| 2nd Street Flats | 22A60 | 2BR,2BA | $1.39 |
| Patterson Flats | 1-A Type B | 1BR,1BA | $1.27 |
| Owens Place Townhomes | 1 Bed Flat | 1BR,1BA | $1.10 |
| 280 Vance Flats | 1 Bedroom 1 Bath Unit 1A (ADA) | 1BR,1BA | $1.44 |
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!
Read Article
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleQuick 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.
Let everyone know!
Do you know the Riverwalk area?
If you’re an expert on all things Riverwalk, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleRiverwalk, Memphis, TN
Ranked #25
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
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 $5,900. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Riverwalk ranging from $750 to $3,940.
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 $750 to $3,940 with an average monthly rent of $2,102.
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.
Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.