
Cheap Homes for Rent in South Main Neighborhood of Memphis, TN from $1,500 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the South Main area of Memphis.


413 S Main St

50 Gayoso Ave
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129 Talbot Ave, Unit 103

421 S Main St

66 Monroe Ave
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South Main, Memphis, TN Local Guide

How much does it cost to rent a home in South Main?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| South Main 2 Bedroom Homes for Rent | $1,751 | $1,500 | $2,150 |
| South Main 3 Bedroom Homes for Rent | $2,700 | $2,550 | $2,850 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the South Main Neighborhood of Memphis, TN.
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South Main, Memphis, TN Local Guide
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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 Printer's Alley Lofts priced from $750. Owens Place Townhomes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $760. Here are the most affordable South Main apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Printer's Alley Lofts | PAL-A2 | 1BR,1BA | $750 |
| Owens Place Townhomes | 1 Bed Flat | 1BR,1BA | $760 |
| Crescent Bluff | 11A50 | 1BR,1BA | $784 |
Best Value Apartments for Rent in South Main, TN
As of March 21, 2026 the best value apartment in the South Main area is the $1.07 price per square foot 505 S Main St Model at 505 S Main St, Unit 509 South Main #102 in the in the Downtown Memphis neighborhood starting from $1,750. The second greatest value South Main apartment is the C3 Model at 99 Front Apartments starting at $1,899 with a $1.69 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. |
|---|---|---|---|
| 505 S Main St, Unit 509 South Main #102 | 505 S Main St | 1BR,1BA | $1.07 |
| 99 Front Apartments | C3 | 2BR,2BA | $1.69 |
| 266 Lofts | B1 Phase II | 2BR,2BA | $1.46 |
| Number 10 Main Apartments | NTM-A1 | 1BR,1BA | $1.41 |
| Crescent Bluff | 22A60 | 2BR,2BA | $1.40 |
| The Washburn | WAS-A1 | 1BR,1BA | $1.47 |
| Owens Place Townhomes | 1 Bed Flat | 1BR,1BA | $1.10 |
| Museum Lofts | The Stax | 1BR,1BA | $1.50 |
| 280 Vance Flats | 1 Bedroom 1 Bath Unit 1A (ADA) | 1BR,1BA | $1.44 |
| Printer's Alley Lofts | PAL-A1 | 1BR,1BA | $1.50 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleCollege Life in Memphis: Affordable Neighborhoods Where Students Rent and Thrive
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Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash 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.
Read ArticleQuick 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.
Pet Friendly LifestyleSouth Main, Memphis, TN
Ranked #44
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about South Main
What type of rentals are currently available in South Main?
There are currently 90 Apartments for Rent in South Main, TN with pricing that ranges from $760 to $4,900. There are also 11 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Main ranging from $1,500 to $2,850.
What is the current price range for Rental Homes in South Main?
Today's rental pricing for Homes for Rent, Condos and Townhomes in South Main ranges from $1,500 to $2,850 with an average monthly rent of $2,025.
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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.