602 N Main St
MemphisTN38105
Cheap Homes for Rent in Downtown Memphis Neighborhood of Memphis, TN from $900 (11 Rentals)
Cheap Homes in the Downtown Memphis area of Memphis.
679 Leath St
MemphisTN38107
220 Mill Ave
MemphisTN38105
604 N Main St
MemphisTN38105
670 Madison Ave
MemphisTN38103
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
205 Reno Ave
MemphisTN38107
109 Saffarans Ave
MemphisTN38105
125 Saffarans Ave
MemphisTN38105
376 Mulberry St
MemphisTN38103
378 Mulberry St
MemphisTN38103
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
92 S Main St
MemphisTN38103
Showing Results 1-11, Page 1 of 1
Downtown Memphis, Memphis, TN Local Guide
How much does it cost to rent a home in Downtown Memphis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Memphis 2 Bedroom Homes for Rent | $2,311 | $1,050 | $2,840 |
| Downtown Memphis 3 Bedroom Homes for Rent | $2,431 | $1,050 | $3,100 |
| Downtown Memphis 4 Bedroom Homes for Rent | $3,054 | $1,200 | $6,500 |
Browse Homes for Rent in this Neighborhood
There are currently 11 rentals with your search options within a 1 mile radius of the Downtown Memphis Neighborhood of Memphis, TN.
Explore Memphis
Downtown Memphis, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Downtown Memphis Apartments for Rent
The cheapest available apartment rental in the Downtown Memphis area of Memphis, TN is a 1 Bed unit found at Helix at the District 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 Downtown Memphis apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Helix at the District | 1S | 1BR,1BA | $750 |
| Owens Place Townhomes | 1 Bed Flat | 1BR,1BA | $760 |
| Greenlaw Apartments | 2 bedroom x 1 bath | 2BR,1BA | $795 |
| Indigo Riverview | Emory | Studio,1BA | $831 |
| 628 Madison Ave | Small Studio | Studio,1BA | $850 |
Best Value Apartments for Rent in Downtown Memphis, TN
As of May 07, 2025 the best value apartment in the Downtown Memphis area is the $0.84 price per square foot 2BR/2BA Model at Bickford Square Apartments in the in the Downtown Memphis neighborhood starting from $895. The second greatest value Downtown Memphis apartment is the Three Bedroom Two Bath 60% Model at Crescent Bluff starting at $1,312 with a $1.24 price per square foot in the Downtown Memphis neighborhood. Here is today’s list of the best values for Downtown Memphis apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Bickford Square Apartments | 2BR/2BA | 2BR,2BA | $0.84 |
| Crescent Bluff | Three Bedroom Two Bath 60% | 3BR,2BA | $1.24 |
| 628 Madison Ave | 2 bd / 2 ba | 2BR,2BA | $1.35 |
| The Washburn | A5 | 1BR,1BA | $1.28 |
| Linden Yards Apartments | Two Bedroom | 2BR,1BA | $0.97 |
| The Metropolitan and Greenlaw Place Apartments | Greenlaw 1 Bedroom Flat | 1BR,1BA | $1.16 |
| Edison Park | Two Bedroom High-Rise | Studio ,1BA | $1.20 |
| Owens Place Townhomes | 1 Bed Flat | 1BR,1BA | $1.10 |
| Forum Flats | 1 Bedroom One Bathroom 1-A Type B-60% | 1BR,1BA | $1.31 |
| Greenlaw Apartments | 2 bedroom x 1 bath | 2BR,1BA | $1.22 |
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.
Let everyone know!
Do you know the Downtown Memphis area?
If you’re an expert on all things Downtown Memphis, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Frequently Asked Questions about Downtown Memphis
What type of rentals are currently available in Downtown Memphis?
There are currently 243 Apartments for Rent in Downtown Memphis, TN with pricing that ranges from $525 to $6,973. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Memphis ranging from $999 to $6,500.
What is the current price range for Rental Homes in Downtown Memphis?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Memphis ranges from $999 to $6,500 with an average monthly rent of $2,318.
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.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
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.