Cheap Homes for Rent in South Main Neighborhood of Memphis, TN from $1,200 (8 Rentals)

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Cheap Homes in the South Main area of Memphis.

property at 92 S Main St

92 S Main St

MemphisTN38103

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.

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.

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
280 Vance Flats1 Bedroom 1 Bath Unit 1A (ADA)1BR,1BA$950

Best Value Apartments for Rent in South Main, TN

As of May 05, 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 Folio + Loft Model at Pressbox Lofts starting at $1,895 with a $1.47 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
Pressbox LoftsFolio + Loft2BR,2BA$1.47
Metro67Metropolitan 92BR,2BA$1.65
The WashburnA51BR,1BA$1.28
44 S. Front1 Bedroom 1.5 Bath1BR,1.5BA$1.56
Barboro FlatsMain Street 1 Bedroom, 1.5 Bathroom1BR,1BA$1.63
Museum LoftsThe Delta1BR,1BA$1.44
Lofts at Merchant RowFloor Plan E1BR,1BA$1.59
Owens Place Townhomes1 Bed Flat1BR,1BA$1.10
280 Vance Flats1 Bedroom 1 Bath Unit 1A (ADA)1BR,1BA$1.44

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Frequently Asked Questions about South Main

What type of rentals are currently available in South Main?

There are currently 83 Apartments for Rent in South Main, TN with pricing that ranges from $760 to $6,512. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Main ranging from $1,275 to $4,149.

What is the current price range for Rental Homes in South Main?

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Main ranges from $1,275 to $4,149 with an average monthly rent of $2,718.

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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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.

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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.

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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.