Cheap Apartments for Rent in the Riverwalk Neighborhood of Memphis, TN from $600 (41 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Riverwalk area of Memphis.

property at 109 N Main St

109 N Main St

MemphisTN38103
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Crescent Bluff II
1 to 2 Bedroom Apartments

Crescent Bluff II

10 E Virginia AveMemphis, TN 38106
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Crescent Bluff
1 to 2 Bedroom Apartments

Crescent Bluff

25 E Virginia AveMemphis, TN 38106
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2nd Street Flats
1 to 3 Bedroom Apartments

2nd Street Flats

362 S 2nd StMemphis, TN 38103
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Forum Flats
1 to 3 Bedroom Apartments

Forum Flats

441 E Pontotoc AveMemphis, TN 38126
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Patterson Flats
1 Bedroom Apartments

Patterson Flats

259 E Butler AveMemphis, TN 38126
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W.L.
Studio Apartments

W.L.

267 S Main StMemphis, TN 38103
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Main Street Flats
Studio to 2 Bedroom Apartments

Main Street Flats

101 S Main StMemphis, TN 38103
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Cornerstone Flats
1 to 2 Bedroom Apartments

Cornerstone Flats

113 S Main StMemphis, TN 38103
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Lowenstein
1 to 2 Bedroom Apartments

Lowenstein

66 N Main StMemphis, TN 38103
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44 S. Front
1 Bedroom Apartments

44 S. Front

44 S Front StMemphis, TN 38103
Showing Results 1-41, Page 1 of 1

Riverwalk, Memphis, TN Local Guide

Cheapest Available Riverwalk Apartments for Rent

 

The cheapest available apartment rental in the Riverwalk area of Memphis, TN is a Studio unit found at Indigo Riverview priced from $751. Owens Place Townhomes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $760. Here are the most affordable Riverwalk apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Indigo RiverviewEmoryStudio,1BA$751
Owens Place Townhomes1 Bed Flat1BR,1BA$760
Patterson Flats1-B Type B1BR,1BA$889
Forum Flats1 Bedroom One Bathroom 1-A Type B-60%1BR,1BA$889
Exchange Building1 Bedroom Small1BR,1BA$925
280 Vance Flats1 Bedroom 1 Bath Unit 1A (ADA)1BR,1BA$950
Fielder SquareE2 StudioStudio,1BA$961
The ChiscaA1r1BR,1BA$970
The Marine Residence1 Bedroom1BR,1BA$998
South Junction ApartmentsThe EdgeStudio,1BA$999

Best Value Apartments for Rent in Riverwalk, TN

As of April 09, 2025 the best value apartment in the Riverwalk area is the $1.54 price per square foot B5 Model at Number 10 Main Street Apartments in the in the Downtown Memphis neighborhood starting from $2,031. The second greatest value Riverwalk apartment is the B2 Model at The Washburn starting at $1,270 with a $1.03 price per square foot in the Downtown Memphis neighborhood. Here is today’s list of the best values for Riverwalk apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Number 10 Main Street ApartmentsB52BR,2BA$1.54
The WashburnB22BR,2BA$1.03
Court Square Apartments2 BR2BR,2BA$1.47
Crescent BluffTwo Bedroom Two Bath 60%2BR,2BA$1.05
Lofts at Merchant RowFloor Plan C1BR,1BA$1.40
Patterson Flats1-B Type B1BR,1BA$1.17
The Marine Residence1 Bedroom1BR,1BA$1.43
Owens Place Townhomes1 Bed Flat1BR,1BA$1.10
Forum Flats1 Bedroom One Bathroom 1-A Type B-60%1BR,1BA$1.31
280 Vance Flats1 Bedroom 1 Bath Unit 1A (ADA)1BR,1BA$1.44

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Pet Friendly Lifestyle
Riverwalk, Memphis, TN

Ranked #17

Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

Our team of engineers and researchers compares millions of points of data to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States, including Memphis. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, kid and pet-friendly communities, availability of transit options, and other valuable search options. These search options are in the site filters at the top of this page.

Getting Around the Riverwalk Neighborhood in Memphis, TN

Walk Score®

84 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

75 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

47 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Riverwalk Apartments

What is a cheap apartment in Riverwalk?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Riverwalk is under $999.

What is the price of a cheap apartment in Riverwalk?

The cheapest apartment in Riverwalk is Owens Place Townhomes which is listed at $760, while the average apartment in Riverwalk costs $2,486.

What types of apartments are the cheapest in Riverwalk?

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 86 regular apartments in Riverwalk 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 Riverwalk?

Cheap apartments in Riverwalk have an average cost of $429 which is $2,057 cheaper than the average rent for all rentals in Riverwalk.

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.

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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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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.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.