Cheap Apartments for Rent in the Downtown Memphis Neighborhood of Memphis, TN from $500 (59 Rentals)Page 2 of 2
Cheap Apartments in the Downtown Memphis area of Memphis.
Downtown Memphis, Memphis, TN Local Guide

How much does it cost to rent an apartment in Downtown Memphis?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Memphis Studio Apartments | $1,321 | $560 | $4,338 |
Downtown Memphis 1 Bedroom Apartments | $1,550 | $525 | $6,973 |
Downtown Memphis 2 Bedroom Apartments | $2,080 | $795 | $6,512 |
Downtown Memphis 3 Bedroom Apartments | $2,281 | $975 | $3,355 |
Browse Apartments in this Neighborhood
There are currently 59 rentals with your search options within a 1 mile radius of the Downtown Memphis Neighborhood of Memphis, TN.
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Frequently Asked Questions about Cheap Downtown Memphis Apartments
What is a cheap apartment in Downtown Memphis?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Memphis is under $895.
What is the price of a cheap apartment in Downtown Memphis?
The cheapest apartment in Downtown Memphis is Helix at the District which is listed at $750, while the average apartment in Downtown Memphis costs $2,334.
What types of apartments are the cheapest in Downtown Memphis?
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 34 regular apartments in Downtown Memphis 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 Downtown Memphis?
Cheap apartments in Downtown Memphis have an average cost of $414 which is $1,920 cheaper than the average rent for all rentals in Downtown Memphis.
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.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.