Cheap Apartments for Rent in the South Main Neighborhood of Memphis, TN from $600 (31 Rentals)

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

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Crescent Bluff
1 to 3 Bedroom Apartments

Crescent Bluff

25 E Virginia AveMemphis, TN 38106
  • Utilities Included
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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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Patterson Flats
1 to 3 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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99 S Front St
Studio to 2 Bedroom Apartments

99 S Front St

99 S Front StMemphis, TN 38103
Showing Results 1-31, Page 1 of 1

South Main, Memphis, TN Local Guide

Cheapest Available South Main Apartments for Rent

 

The cheapest available apartment rental in the South Main area of Memphis, TN is a 1 Bed unit found at Owens Place Townhomes priced from $760. Exchange Building has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here are the most affordable South Main apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Owens Place Townhomes1 Bed Flat1BR,1BA$760
Exchange Building1 Bedroom Small1BR,1BA$925
Uptown Square Apartments1 Bedroom - Urban1BR,1BA$930
Bonsai at Central GardensStudio- without Washer/DryerStudio,1BA$949
280 Vance Flats1 Bedroom 1 Bath Unit 1A (ADA)1BR,1BA$950
The ChiscaA1r1BR,1BA$970
South Junction ApartmentsThe EdgeStudio,1BA$999
South Line at Central StationstudioStudio,1BA$999
266 LoftsA1 Phase II1BR,1BA$1,000
Downtown Memphis FlatsBarboro 1 Bedroom1BR,1BA$1,100

Best Value Apartments for Rent in South Main, TN

As of March 25, 2025 the best value apartment in the South Main 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 South Main 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 South Main 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
Lofts at Merchant RowFloor Plan C1BR,1BA$1.40
The Peabody CollectionS10Studio ,1BA$1.42
IrisTwo Bedroom, Two Bathroom2BR,2BA$1.65
44 S. Front1 Bedroom 1.5 Bath1BR,1.5BA$1.56
Owens Place Townhomes1 Bed Flat1BR,1BA$1.10
Uptown Square Apartments2 Bedroom - Elvis Building2BR,1BA$1.45
280 Vance Flats1 Bedroom 1 Bath Unit 1A (ADA)1BR,1BA$1.44
Exchange Building1 Bedroom Medium1BR,1BA$1.68

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Pet Friendly Lifestyle
South Main, Memphis, TN

Ranked #30

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Lifestyle Ratings

Our team of engineers and researchers is proud to bring you Lifestyle Ratings of neighborhoods, cities, and rental properties across Tennessee, including Memphis. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for outdoor amenities like tennis courts, luxury amenities, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.

Getting Around the South Main Neighborhood in Memphis, TN

Walk Score®

89 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

81 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

48 / 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 South Main Apartments

What is a cheap apartment in South Main?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Main is under $1,100.

What is the price of a cheap apartment in South Main?

The cheapest apartment in South Main is Owens Place Townhomes which is listed at $760, while the average apartment in South Main costs $2,508.

What types of apartments are the cheapest in South Main?

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 3,812 regular apartments in South Main 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 South Main?

Cheap apartments in South Main have an average cost of $769 which is $1,739 cheaper than the average rent for all rentals in South Main.

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.