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from $7601 to 3 Bedroom Apartments Available Now
Owens Place Townhomes
291 E Pontotoc AveMemphis, TN 38126
Cheap Apartments for Rent in the South Main Neighborhood of Memphis, TN from $600 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Main area of Memphis.
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from $9501 Bedroom Apartments Contact Us For Availability
280 Vance Flats
280 Vance AveMemphis, TN 38126
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from $970Studio to 3 Bedroom Apartments Available Now
The Chisca
272 S Main StMemphis, TN 38103
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from $999Studio to 2 Bedroom Apartments Available Now
South Junction Apartments
9 E Carolina AveMemphis, TN 38103
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from $999Studio to 2 Bedroom Apartments Available Now
South Line at Central Station
9 E Carolina AveMemphis, TN 38103
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from $1,0501 to 2 Bedroom Apartments Available Now
Downtown Memphis Flats
100 Gayoso AveMemphis, TN 38103
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from $1,118Studio to 1 Bedroom Apartments Available Now
Lofts at Union Alley
110 Barboro AlyMemphis, TN 38103
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from $1,153Studio to 2 Bedroom Apartments Available Now
50 Peabody Place
50 Peabody PlMemphis, TN 38103
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from $1,1701 to 2 Bedroom Apartments Available Now
The Washburn
60 S Main StMemphis, TN 38103
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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Rent Specials
from $1,305Studio to 3 Bedroom Apartments Available Now
The Oliver Luxury Apartments
7 Vance AveMemphis, TN 38103
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from $1,370Studio to 2 Bedroom Apartments Available Now
The Landing Residences
1 Dr Martin Luther King Jr AveMemphis, TN 38103
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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376 Mulberry St
MemphisTN38103
378 Mulberry St
MemphisTN38103
92 S Main St
MemphisTN38103
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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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Showing Results 1-31, Page 1 of 1
South Main, Memphis, TN Local Guide
How much does it cost to rent an apartment in South Main?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Main Studio Apartments | $1,345 | $925 | $2,845 |
| South Main 1 Bedroom Apartments | $1,583 | $760 | $2,984 |
| South Main 2 Bedroom Apartments | $2,520 | $890 | $6,007 |
| South Main 3 Bedroom Apartments | $2,551 | $1,020 | $3,355 |
Browse Apartments in this Neighborhood
There are currently 31 rentals with your search options within a 2 mile radius of the South Main Neighborhood of Memphis, TN.
See all Apartments in MemphisExplore Memphis
South Main, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Owens Place Townhomes | 1 Bed Flat | 1BR,1BA | $760 |
| Exchange Building | 1 Bedroom Small | 1BR,1BA | $925 |
| 280 Vance Flats | 1 Bedroom 1 Bath Unit 1A (ADA) | 1BR,1BA | $950 |
| The Chisca | A1r | 1BR,1BA | $970 |
| South Junction Apartments | The Edge | Studio,1BA | $999 |
| South Line at Central Station | studio | Studio,1BA | $999 |
| Downtown Memphis Flats | Barboro 1 Bedroom | 1BR,1BA | $1,050 |
| Gayoso House& Pembrook Square | Pembroke Square- S1.1 | Studio,1BA | $1,080 |
| Lofts at Union Alley | E2 | Studio,1BA | $1,118 |
| The Washburn | A5 | 1BR,1BA | $1,170 |
Best Value Apartments for Rent in South Main, TN
As of May 10, 2025 the best value apartment in the South Main area is the $1.41 price per square foot RiverLoft 2BR Model at RiverLofts @ 460 Tennessee in the in the Downtown Memphis neighborhood starting from $2,600. The second greatest value South Main 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 South Main apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| RiverLofts @ 460 Tennessee | RiverLoft 2BR | 2BR,2BA | $1.41 |
| Number 10 Main Street Apartments | B5 | 2BR,2BA | $1.54 |
| Pressbox Lofts | Folio + Loft | 2BR,2BA | $1.47 |
| Crescent Bluff | Three Bedroom Two Bath 60% | 3BR,2BA | $1.24 |
| The Washburn | A5 | 1BR,1BA | $1.28 |
| 44 S. Front | 1 Bedroom 1.5 Bath | 1BR,1.5BA | $1.56 |
| Museum Lofts | The Delta | 1BR,1BA | $1.44 |
| Lofts at Merchant Row | Floor Plan E | 1BR,1BA | $1.59 |
| Owens Place Townhomes | 1 Bed Flat | 1BR,1BA | $1.10 |
| 280 Vance Flats | 1 Bedroom 1 Bath Unit 1A (ADA) | 1BR,1BA | $1.44 |
Quick Rent Budget Calculator
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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Pet Friendly LifestyleSouth Main, Memphis, TN
Ranked #28
Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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 $1,170.
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 $2,527.
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 4 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 $113 which is $2,414 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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.