Cheap Homes for Rent in Downtown Riverside Neighborhood of Memphis, TN from $800 (9 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Riverside area of Memphis.

property at 92 S Main St

92 S Main St

MemphisTN38103

Downtown Riverside, Memphis, TN Local Guide

Cheapest Available Downtown Riverside Apartments for Rent

 

The cheapest available apartment rental in the Downtown Riverside area of Memphis, TN is a Studio unit found at Indigo Riverview priced from $737. 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 Riverside apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Indigo RiverviewEmoryStudio,1BA$737
Owens Place Townhomes1 Bed Flat1BR,1BA$760
Forum Flats1 Bedroom One Bathroom 1-C Type B-60%1BR,1BA$889

Best Value Apartments for Rent in Downtown Riverside, TN

As of April 17, 2025 the best value apartment in the Downtown Riverside 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 Riverside apartment is the B5 Model at Number 10 Main Street Apartments starting at $2,031 with a $1.54 price per square foot in the Downtown Memphis neighborhood. Here is today’s list of the best values for Downtown Riverside apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Printer's Alley LoftsTH12BR,2BA$1.44
Number 10 Main Street ApartmentsB52BR,2BA$1.54
Court Square Apartments2 BR2BR,2BA$1.47
44 S. Front1 Bedroom 1.5 Bath1BR,1.5BA$1.56
South Bluffs Apartments1 BD/ 1 BA 8601BR,1BA$1.54
Lofts at Merchant RowFloor Plan E1BR,1BA$1.46
The Marine Residence1 Bedroom1BR,1BA$1.36
Owens Place Townhomes1 Bed Flat1BR,1BA$1.10
Forum Flats1 Bedroom One Bathroom 1-C Type B-60%1BR,1BA$1.31
280 Vance Flats1 Bedroom 1 Bath Unit 1A (ADA)1BR,1BA$1.44

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Frequently Asked Questions about Downtown Riverside

What type of rentals are currently available in Downtown Riverside?

There are currently 148 Apartments for Rent in Downtown Riverside, TN with pricing that ranges from $760 to $7,294. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Riverside ranging from $820 to $4,495.

What is the current price range for Rental Homes in Downtown Riverside?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Riverside ranges from $820 to $4,495 with an average monthly rent of $2,763.

How much are larger Three and Four Bedroom Rentals in Downtown Riverside?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Riverside range from $1,020 to $3,305, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,500 to $2,790. Four Bedroom Single-Family rentals are also available starting from $4,495 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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

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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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

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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.