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from $7601 to 3 Bedroom Apartments Available Now
Owens Place Townhomes
291 E Pontotoc AveMemphis, TN 38126
Cheap Apartments for Rent in the South Main Neighborhood of Memphis, TN from $700 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Main area of Memphis.
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from $927Studio to 3 Bedroom Apartments Available Now
The Chisca
272 S Main StMemphis, TN 38103
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from $9501 Bedroom Apartments Contact Us For Availability
280 Vance Flats
280 Vance AveMemphis, TN 38126
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from $999Studio to 2 Bedroom Apartments Available Now
South Junction Apartments
9 E Carolina AveMemphis, TN 38103
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from $999Studio to 2 Bedroom Apartments Available Now
South Line at Central Station
9 E Carolina AveMemphis, TN 38103
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from $1,008Studio to 1 Bedroom Apartments Available Now
Lofts at Union Alley
110 Barboro AlyMemphis, 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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from $1,0501 to 2 Bedroom Apartments Available Now
Downtown Memphis Flats
100 Gayoso AveMemphis, TN 38103
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from $1,173Studio to 2 Bedroom Apartments Available Now
50 Peabody Place
50 Peabody PlMemphis, TN 38103
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from $1,254Studio to 3 Bedroom Apartments Available Now
Metro67
67 Madison AveMemphis, TN 38103
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from $1,270Studio to 2 Bedroom Apartments Available Now
The Landing Residences
1 Dr Martin Luther King Jr AveMemphis, TN 38103
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.
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from $1,285Studio to 3 Bedroom Apartments Available Now
The Oliver Luxury Apartments
7 Vance AveMemphis, TN 38103
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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378 Mulberry St
MemphisTN38103
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
92 S Main St
MemphisTN38103
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South Main, Memphis, TN Local Guide
How much does it cost to rent an apartment in South Main?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Main Studio Apartments | $1,379 | $925 | $2,226 |
| South Main 1 Bedroom Apartments | $1,584 | $760 | $3,010 |
| South Main 2 Bedroom Apartments | $2,601 | $945 | $6,900 |
| South Main 3 Bedroom Apartments | $2,588 | $1,020 | $3,350 |
Browse Apartments in this Neighborhood
There are currently 30 rentals with your search options within a 2 mile radius of the South Main Neighborhood of Memphis, TN.
See all Apartments in MemphisExplore Memphis
South Main, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available South Main Apartments for Rent
The cheapest available apartment rental in the South Main area of Memphis, TN is a 1 Bed unit found at Owens Place Townhomes priced from $760. Exchange Building has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here are the most affordable South Main apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Owens Place Townhomes | 1 Bed Flat | 1BR,1BA | $760 |
| Exchange Building | 1 Bedroom Small | 1BR,1BA | $925 |
| The Chisca | A1r | 1BR,1BA | $927 |
| 280 Vance Flats | 1 Bedroom 1 Bath Unit 1A (ADA) | 1BR,1BA | $950 |
| South Junction Apartments | The Edge | Studio,1BA | $999 |
| South Line at Central Station | studio | Studio,1BA | $999 |
| Lofts at Union Alley | E2 | Studio,1BA | $1,008 |
| Downtown Memphis Flats | Barboro 1 Bedroom | 1BR,1BA | $1,050 |
| Gayoso House & Pembroke Square | Gayoso House - gh-A7 | 1BR,1BA | $1,095 |
| 2nd Street Flats | 2x2 | 2BR,2BA | $1,139 |
Best Value Apartments for Rent in South Main, TN
As of June 23, 2025 the best value apartment in the South Main 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 South Main apartment is the Metropolitan 10 Model at Metro67 starting at $2,065 with a $1.65 price per square foot in the Downtown Memphis neighborhood. Here is today’s list of the best values for South Main 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 |
| Metro67 | Metropolitan 10 | 2BR,2BA | $1.65 |
| 44 S. Front | 1 Bedroom 1.5 Bath | 1BR,1.5BA | $1.56 |
| Downtown Memphis Flats | Main Street 1 Bedroom, 1.5 Bathroom | 1BR,1BA | $1.63 |
| Annex Lofts | A5 | 1BR,1BA | $1.76 |
| 2nd Street Flats | 2x2 | 2BR,2BA | $1.39 |
| 266 Lofts | A1 | 1BR,1BA | $1.58 |
| Owens Place Townhomes | 1 Bed Flat | 1BR,1BA | $1.10 |
| 280 Vance Flats | 1 Bedroom 1 Bath Unit 1A (ADA) | 1BR,1BA | $1.44 |
| Exchange Building | 1 Bedroom Medium | 1BR,1BA | $1.68 |
Quick Rent Budget Calculator
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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.
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Pet Friendly LifestyleSouth Main, Memphis, TN
Ranked #45
Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Lifestyle Ratings
Our team of engineers and researchers is proud to bring you Lifestyle Ratings of neighborhoods, cities, and rental properties across Tennessee, including Memphis. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.
Getting Around the South Main Neighborhood in Memphis, TN
Walk Score®
89 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
81 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
48 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap South Main Apartments
What is a cheap apartment in South Main?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Main is under $1,139.
What is the price of a cheap apartment in South Main?
The cheapest apartment in South Main is Owens Place Townhomes which is listed at $760, while the average apartment in South Main costs $2,865.
What types of apartments are the cheapest in South Main?
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 3 regular apartments in South Main 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 South Main?
Cheap apartments in South Main have an average cost of $113 which is $2,752 cheaper than the average rent for all rentals in South Main.
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.