Cheap Apartments for Rent in the South Main Neighborhood of Memphis, TN from $700 (29 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the South Main area of Memphis.

close
View Me
Crescent Bluff
1 to 3 Bedroom Apartments

Crescent Bluff

25 E Virginia AveMemphis, TN 38106
  • Utilities Included
close
View Me
2nd Street Flats
1 to 3 Bedroom Apartments

2nd Street Flats

362 S 2nd StMemphis, TN 38103
close
View Me
W.L.
Studio to 2 Bedroom Apartments

W.L.

267 S Main StMemphis, TN 38103
  • Utilities Included
close
View Me
Patterson Flats
1 to 3 Bedroom Apartments

Patterson Flats

259 E Butler AveMemphis, TN 38126
  • Utilities Included
close
View Me
Main Street Flats
Studio to 2 Bedroom Apartments

Main Street Flats

101 S Main StMemphis, TN 38103
  • Utilities Included
close
View Me
Cornerstone Flats
1 to 2 Bedroom Apartments

Cornerstone Flats

113 S Main StMemphis, TN 38103
  • Utilities Included
close
View Me
Van Vleet Flats
1 to 2 Bedroom Apartments

Van Vleet Flats

122 Gayoso AveMemphis, TN 38103
  • Utilities Included
close
View Me
Number 10 Main
1 to 2 Bedroom Apartments

Number 10 Main

10 S Main StMemphis, TN 38103
close
View Me
The Washburn
1 to 2 Bedroom Apartments

The Washburn

60 S Main StMemphis, TN 38103
close
View Me
266 Lofts
Studio to 2 Bedroom Apartments

266 Lofts

266 S Front StMemphis, TN 38103
close
View Me
Annex Lofts
1 to 2 Bedroom Apartments

Annex Lofts

345 S Front StMemphis, TN 38103

South Main, Memphis, TN Local Guide

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. Crescent Bluff has the second lowest priced unit, which is a 1 Bed apartment currently listed from $784. Here are the most affordable South Main apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Owens Place Townhomes1 Bed Flat1BR,1BA$760
Crescent Bluff11A501BR,1BA$784
Lofts at Union AlleyE2Studio,1BA$911
Exchange Building1 Bedroom Small1BR,1BA$925
The ChiscaA1r1BR,1BA$927
280 Vance Flats1 Bedroom 1 Bath Unit 1A (ADA)1BR,1BA$950
South Junction ApartmentsThe EdgeStudio,1BA$999
Printer's Alley LoftsPAL-A61BR,1BA$1,009
Downtown Memphis FlatsBarboro 1 Bedroom1BR,1BA$1,050
South Line at Central StationstudioStudio,1BA$1,100

Best Value Apartments for Rent in South Main, TN

As of September 15, 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 NTM-B1 Model at Number 10 Main starting at $1,599 with a $1.28 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 ListingModel NameBed/BathPrice Per Sq.Ft.
RiverLofts @ 460 TennesseeRiverLoft 2BR2BR,2BA$1.41
Number 10 MainNTM-B12BR,2BA$1.28
Printer's Alley LoftsPAL-A41BR,1BA$1.52
Lofts at Merchant RowFloor Plan D1BR,1BA$1.47
The WashburnWAS-A51BR,1BA$1.28
Museum LoftsThe Delta1BR,1BA$1.33
2nd Street Flats22A602BR,2BA$1.39
Owens Place Townhomes1 Bed Flat1BR,1BA$1.10
280 Vance Flats1 Bedroom 1 Bath Unit 1A (ADA)1BR,1BA$1.44
Crescent Bluff11A501BR,1BA$1.37

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
South Main, Memphis, TN

Ranked #39

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

decorative image of woman handing cat to small boy

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

Frequently Asked Questions about Cheap South Main Apartments

What is the Cheapest Studio apartment in South Main?

Currently the most affordable Cheap Studio Apartment in South Main is at Lofts at Union Alley listed at $911.

How much is rent for a Cheap One Bedroom South Main Apartment?

The lowest price for a Cheap One Bedroom South Main Apartment is $760 at Owens Place Townhomes.

What is the lowest price for a Cheap Two Bedroom South Main Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in South Main is starting from $945 at Owens Place Townhomes.

What is the most affordable South Main Three Bedroom Apartment?

The best deal on a cheap South Main Three Bedroom Apartment rental is at Owens Place Townhomes and starts from $1,020.

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.