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$760 - $1,0201 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 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Main area of Memphis.
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$947 - $2,913
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Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$947 - $2,913
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$947 - $2,913
The Chisca
272 S Main StMemphis, TN 38103
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$950 - $9951 Bedroom Apartments Available Now
280 Vance Flats
280 Vance AveMemphis, TN 38126
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$1,000 - $1,4101 Bedroom Apartments Available Now
Museum Lofts
138 Huling AveMemphis, TN 38103
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$1,000 - $1,7501 to 2 Bedroom Apartments Available Now
266 Lofts
266 S Front StMemphis, TN 38103
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$1,033 - $2,481Studio to 1 Bedroom Apartments Available Now
Lofts at Union Alley
110 Barboro AlyMemphis, TN 38103
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$1,125 - $1,7551 to 2 Bedroom Apartments Available Now
Downtown Memphis Flats
100 Gayoso AveMemphis, TN 38103
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$1,200 - $1,3001 Bedroom Apartments Available Now
Number 10 Main
10 S Main StMemphis, TN 38103
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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$1,285 - $3,450Studio to 3 Bedroom Apartments Available Now
The Oliver Luxury Apartments
7 Vance AveMemphis, TN 38103
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$1,295 - $1,9951 to 2 Bedroom Apartments Available Now
Pressbox Lofts
195 Madison AveMemphis, TN 38103
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$1,300
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1 Bedroom Apartment Available NowTotal Monthly Price
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$1,300
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$1,300
505 S Main St, Unit 505 South Main #202
505 S Main StMemphis, TN 38103
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$1,323 - $6,467
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,323 - $6,467
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$1,323 - $6,467
The Landing Residences
1 Dr Martin Luther King Jr AveMemphis, TN 38103
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$1,330 - $1,5101 Bedroom Apartments Available Now
South Line at Central Station
9 E Carolina AveMemphis, TN 38103
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$1,420 - $1,7591 to 2 Bedroom Apartments Available Now
South Junction Apartments
9 E Carolina AveMemphis, TN 38103
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$1,531 - $3,560
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Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,531 - $3,560
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$1,531 - $3,560
Metro67
67 Madison AveMemphis, TN 38103
129 Talbot Ave, Unit 103
129 Talbot Ave
MemphisTN38103
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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$1,695 - $1,9951 Bedroom Apartments Available Now
Lofts at Merchant Row
91 S 2nd StMemphis, TN 38103
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$2,300
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2 Bedroom Apartment Available Aug 1Total Monthly Price
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$2,300
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$2,300
515 S Main St, Unit Woodard Properties
515 S Main StMemphis, TN 38103
95 S Main St, Unit 201
95 S Main St
MemphisTN38103
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1 to 3 Bedroom Apartments
Crescent Bluff
25 E Virginia AveMemphis, TN 38106
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Studio to 2 Bedroom Apartments
Exchange Building
9 N 2nd StMemphis, TN 38103
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Studio to 2 Bedroom Apartments
W.L.
267 S Main StMemphis, TN 38103
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Studio to 3 Bedroom Apartments
South Main Artspace Lofts
138 St. Paul AveMemphis, TN 38126
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1 to 3 Bedroom Apartments
Patterson Flats
259 E Butler AveMemphis, TN 38126
The Local Memphis Expert's Guide to Renting Near the City's Top Employers
Memphis apartment guide from a local expert, breaking down neighborhoods, average rent, and ideal commute times near the 5 largest employers - FedEx, St. Jude, U of M, Methodist, and AutoZone.
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1 to 2 Bedroom Apartments
The Washburn
60 S Main StMemphis, TN 38103
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1 to 2 Bedroom Apartments
Radio Center Flats
66 S Main StMemphis, TN 38103
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1 to 2 Bedroom Apartments
Annex Lofts
345 S Front StMemphis, TN 38103
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Studio to 2 Bedroom Apartments
Main Street Flats
101 S Main StMemphis, TN 38103
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1 to 2 Bedroom Apartments
Cornerstone Flats
113 S Main StMemphis, TN 38103
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1 to 2 Bedroom Apartments
Printer's Alley Lofts
347 S Front StMemphis, TN 38103
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1 to 2 Bedroom Apartments
Van Vleet Flats
122 Gayoso AveMemphis, TN 38103
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Studio to 2 Bedroom Apartments
50 Peabody Place
50 Peabody PlMemphis, TN 38103
Affordable Memphis: The Best Neighborhoods with Character and Lower Rents
Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.
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1 to 3 Bedroom Apartments
2nd Street Flats
362 S 2nd StMemphis, TN 38103
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Studio to 2 Bedroom Apartments
99 Front Apartments
99 S Front StMemphis, TN 38103
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Studio to 2 Bedroom Apartments
Pembroke Square Apartments
125 Gayoso AveMemphis, TN 38103
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Studio to 2 Bedroom Apartments
Cabinet Shop Lofts
436 S Front StMemphis, TN 38103
66 S Front St
MemphisTN38103
107 S Front St
MemphisTN38103
413 S Main St
MemphisTN38103
510 City House Ct
MemphisTN38103
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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1 to 2 Bedroom Apartments
RiverLofts @ 460 Tennessee
460 Tennessee StMemphis, TN 38103
580 S Main St
MemphisTN38103
Showing Results 1-42, Page 1 of 1
South Main, Memphis, TN Local Guide
How much does it cost to rent an apartment in South Main?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| South Main Studio Apartments | $1,297 | $1,033 | $1,636 |
| South Main 1 Bedroom Apartments | $1,479 | $760 | $2,372 |
| South Main 2 Bedroom Apartments | $2,367 | $945 | $5,096 |
| South Main 3 Bedroom Apartments | $2,651 | $1,020 | $3,305 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 42 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
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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 $799. 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 |
| Crescent Bluff | 11A50 | 1BR,1BA | $799 |
| 280 Vance Flats | 1 Bedroom 1 Bath Unit 1A (ADA) | 1BR,1BA | $950 |
| South Main Artspace Lofts | 1 Bedroom | 1BR,1BA | $974 |
| 266 Lofts | A1 Phase II | 1BR,1BA | $1,000 |
| Museum Lofts | The Stax | 1BR,1BA | $1,000 |
| Lofts at Union Alley | S3 | Studio,1BA | $1,058 |
| Downtown Memphis Flats | Barboro 1 Bedroom | 1BR,1BA | $1,125 |
| The Chisca | A4c | Studio,1BA | $1,151 |
| Number 10 Main | NTM-A4 | 1BR,1BA | $1,200 |
Best Value Apartments for Rent in South Main, TN
As of July 26, 2026 the best value apartment in the South Main area is the $1.36 price per square foot Floor Plan A Model at Lofts at Merchant Row in the in the Downtown Memphis neighborhood starting from $1,695. The second greatest value South Main apartment is the B1 Phase II Model at 266 Lofts starting at $1,500 with a $1.46 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. |
|---|---|---|---|
| Lofts at Merchant Row | Floor Plan A | 1BR,1.5BA | $1.36 |
| 266 Lofts | B1 Phase II | 2BR,2BA | $1.46 |
| South Main Artspace Lofts | 1 Bedroom | 1BR,1BA | $1.02 |
| South Junction Apartments | The Trailblazer | 1BR,1BA | $1.64 |
| Number 10 Main | NTM-A1 | 1BR,1BA | $1.53 |
| 505 S Main St, Unit 505 South Main #202 | 505 S Main St | 1BR,1BA | $1.59 |
| Downtown Memphis Flats | Barboro 1 Bedroom | 1BR,1BA | $1.43 |
| Owens Place Townhomes | 1 Bed Flat | 1BR,1BA | $1.10 |
| 280 Vance Flats | 1 Bedroom 1 Bath Unit 1A (ADA) | 1BR,1BA | $1.44 |
| 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.
Read ArticleReal 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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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.
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If you’re an expert on all things South Main, tell us what you love (and don't) by rating it and writing a review.
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Pet Friendly LifestyleSouth Main, Memphis, TN
Ranked #46
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet 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.
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 $1,200.
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 $2,810.
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 37 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 $932 which is $1,878 cheaper than the average rent for all rentals in South Main.
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.
The Local Memphis Expert's Guide to Renting Near the Citys Top Employers
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College Life in Memphis: Affordable Neighborhoods Where Students Really Live and Thrive
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I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
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Rent According to Income: A Look at Income-Restricted Rentals
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The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
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