275 Leath St
MemphisTN38105
Cheap Homes for Rent in Downtown Memphis Neighborhood of Memphis, TN from $800 (14 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Memphis area of Memphis.
602 N Main St
MemphisTN38105
679 Leath St
MemphisTN38107
676 Marshall Ave
MemphisTN38103
310 Jones St
MemphisTN38105
670 Madison Ave
MemphisTN38103
604 N Main St
MemphisTN38105
205 Reno Ave
MemphisTN38107
440 N Front St
MemphisTN38105
125 Saffarans Ave
MemphisTN38105
378 Mulberry St
MemphisTN38103
376 Mulberry St
MemphisTN38103
92 S Main St
MemphisTN38103
187 Looney Ave
MemphisTN38107
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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 | $2,111 | $1,100 | $2,900 |
| Downtown Memphis 3 Bedroom Homes for Rent | $2,197 | $834 | $3,100 |
| Downtown Memphis 4 Bedroom Homes for Rent | $2,768 | $1,200 | $6,500 |
Browse Homes for Rent in this Neighborhood
There are currently 14 rentals with your search options within a 1 mile radius of the Downtown Memphis Neighborhood of Memphis, TN.
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Downtown Memphis, Memphis, TN Local Guide
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Cheapest Available Downtown Memphis Apartments for Rent
The cheapest available apartment rental in the Downtown Memphis area of Memphis, TN is a Studio unit found at Indigo Riverview priced from $726. Helix at the District has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Downtown Memphis apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Indigo Riverview | Emory | Studio,1BA | $726 |
| 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 |
| The Kendall | 2BR/1.0BA | 2BR,1BA | $813 |
Best Value Apartments for Rent in Downtown Memphis, TN
As of April 15, 2025 the best value apartment in the Downtown Memphis area is the $1.44 price per square foot TH1 Model at Printer's Alley Lofts in the in the Downtown Memphis neighborhood starting from $1,998. The second greatest value Downtown Memphis apartment is the 2BR/2BA Model at Bickford Square Apartments starting at $895 with a $0.84 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. |
|---|---|---|---|
| Printer's Alley Lofts | TH1 | 2BR,2BA | $1.44 |
| Bickford Square Apartments | 2BR/2BA | 2BR,2BA | $0.84 |
| Lofts at Merchant Row | Floor Plan C | 1BR,1BA | $1.40 |
| 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 |
| 280 Vance Flats | 1 Bedroom 1 Bath Unit 1A (ADA) | 1BR,1BA | $1.44 |
| Greenlaw Apartments | 2 bedroom x 1 bath | 2BR,1BA | $1.22 |
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Frequently Asked Questions about Downtown Memphis
What type of rentals are currently available in Downtown Memphis?
There are currently 244 Apartments for Rent in Downtown Memphis, TN with pricing that ranges from $525 to $7,317. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Memphis ranging from $834 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 $834 to $6,500 with an average monthly rent of $1,942.
How much are larger Three and Four Bedroom Rentals in Downtown Memphis?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Memphis range from $975 to $3,305, while Three Bedroom Homes, Condos, and Townhomes for rent range from $834 to $3,100. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $3,650.
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.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
Know Your Rights - How Discrimination Laws Impact Landlords & 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.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.