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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 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Main area of Memphis.
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$890 - $1,310Studio to 3 Bedroom Apartments Contact Us For Availability
South Main Artspace Lofts
138 St. Paul AveMemphis, TN 38126
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Rent Specials
$925 - $1,275Studio to 2 Bedroom Apartments Available Now
Exchange Building
9 N 2nd StMemphis, TN 38103
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$927 - $2,893Studio to 3 Bedroom Apartments Available Now
The Chisca
272 S Main StMemphis, TN 38103
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$935 - $1,596Studio to 1 Bedroom Apartments Available Feb 5, 2026
Lofts at Union Alley
110 Barboro AlyMemphis, TN 38103
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$999 - $1,700Studio to 2 Bedroom Apartments Available Now
South Junction Apartments
9 E Carolina AveMemphis, TN 38103
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$999 - $1,740Studio to 2 Bedroom Apartments Available Now
South Line at Central Station
9 E Carolina AveMemphis, TN 38103
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.
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$1,050 - $1,7951 to 2 Bedroom Apartments Contact Us For Availability
Downtown Memphis Flats
100 Gayoso AveMemphis, TN 38103
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$1,075 - $7,036Studio to 2 Bedroom Apartments Available Now
The Landing Residences
1 Dr Martin Luther King Jr AveMemphis, TN 38103
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$1,100 - $1,5251 to 2 Bedroom Apartments Available Now
266 Lofts
266 S Front StMemphis, TN 38103
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$1,150 - $1,933Studio to 2 Bedroom Apartments Available Now
50 Peabody Place
50 Peabody PlMemphis, TN 38103
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$1,150 - $1,9991 to 2 Bedroom Apartments Available Now
Number 10 Main
10 S Main StMemphis, TN 38103
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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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$1,400 - $5,900Studio to 3 Bedroom Apartments Available Now
The Oliver Luxury Apartments
7 Vance AveMemphis, TN 38103
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66 Monroe Ave
MemphisTN38103
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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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124 Monroe Ave
MemphisTN38103
50 Gayoso Ave
MemphisTN38103
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615 Denmark Dr
MemphisTN38103
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
505 Tennessee St
MemphisTN38103
Showing Results 1-37, 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 | $1,167 | $890 | $1,594 |
| South Main 1 Bedroom Apartments | $1,508 | $760 | $2,148 |
| South Main 2 Bedroom Apartments | $2,405 | $945 | $5,900 |
| South Main 3 Bedroom Apartments | $2,507 | $997 | $3,350 |
Browse Apartments in this Neighborhood
There are currently 37 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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Owens Place Townhomes | 1 Bed Flat | 1BR,1BA | $760 |
| Crescent Bluff | 11A50 | 1BR,1BA | $784 |
| Printer's Alley Lofts | PAL-A2 | 1BR,1BA | $900 |
| 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 |
| Patterson Flats | 1-A Type B | 1BR,1BA | $955 |
| Lofts at Merchant Row | Floor Plan E | 1BR,1BA | $995 |
| South Junction Apartments | The Edge | Studio,1BA | $999 |
| South Line at Central Station | studio | Studio,1BA | $999 |
Best Value Apartments for Rent in South Main, TN
As of December 19, 2025 the best value apartment in the South Main area is the $1.51 price per square foot NTM-B5 Model at Number 10 Main in the in the Downtown Memphis neighborhood starting from $1,999. The second greatest value South Main apartment is the B1 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. |
|---|---|---|---|
| Number 10 Main | NTM-B5 | 2BR,2BA | $1.51 |
| 266 Lofts | B1 | 2BR,2BA | $1.46 |
| 2nd Street Flats | 22A60 | 2BR,2BA | $1.39 |
| Crescent Bluff | 22A60 | 2BR,2BA | $1.39 |
| Patterson Flats | 1-A Type B | 1BR,1BA | $1.27 |
| The Washburn | WAS-A1 | 1BR,1BA | $1.58 |
| Lofts at Merchant Row | Floor Plan E | 1BR,1BA | $1.42 |
| 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 |
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 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.
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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 #39
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.
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 $999.
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 $2,771.
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 67 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 $576 which is $2,195 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.
Articles, How-To's, and Tips
Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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!