Cheap Homes for Rent in Riverwalk Neighborhood of Memphis, TN from $800 (5 Rentals)

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

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 $742. 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$742
Owens Place Townhomes1 Bed Flat1BR,1BA$760
Exchange Building1 Bedroom Small1BR,1BA$925

Best Value Apartments for Rent in Riverwalk, TN

As of March 26, 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 Metropolitan 9 Model at Metro67 starting at $1,902 with a $1.65 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
Metro67Metropolitan 92BR,2BA$1.65
Court Square Apartments2 BR2BR,2BA$1.47
Lofts at Merchant RowFloor Plan C1BR,1BA$1.40
The Peabody CollectionS10Studio ,1BA$1.42
44 S. Front1 Bedroom 1.5 Bath1BR,1.5BA$1.56
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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Frequently Asked Questions about Riverwalk

What type of rentals are currently available in Riverwalk?

There are currently 122 Apartments for Rent in Riverwalk, TN with pricing that ranges from $760 to $7,925. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in Riverwalk ranging from $820 to $4,495.

What is the current price range for Rental Homes in Riverwalk?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Riverwalk ranges from $820 to $4,495 with an average monthly rent of $2,741.

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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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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.