Apartments in Downtown Memphis

1 - 30 of 104 Results
25
$1,585 - 2,320
300 Grand Island Drive Memphis, TN
1 - 3 BR | Ask for Availability
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Air Conditioning
Surface Parking
25
$1,335 - 3,000
444 Island Dr., Suite Memphis, TN
1 - 4 BR | Ask for Availability
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Luxury
Air Conditioning
Surface Parking
28
$1,000 - 1,725
2.6
266 S Front St Memphis, TN
1 - 2 BR | Available Now
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Luxury
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Covered Parking
8
$1,760 - 1,895
Memphis, TN
3 BR | Available Now
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Downtown Memphis
49
$790 - 995
252 North Lauderdale Memphis, TN
1 - 2 BR | Available Now
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In Unit Laundry
11
$715 - 1,625
252 North Lauderdale Street Memphis, TN
Studio - 3 BR | Available Now
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Section 8
In Unit Laundry
Fitness Center
Dishwasher
5
$960 - 2,100
10 S Main St Memphis, TN
1 - 2 BR | Available Now
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Section 8
In Unit Laundry
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21
3D Tour
$1,319 - 3,866
67 Madison Ave Memphis, TN
Studio - 3 BR | Available Now
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Luxury
6
$1,020 - 1,850
66 South Main Street Memphis, TN
1 - 2 BR | Available Now
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16
$1,525
70 South Fourth St Memphis, TN
2 BR | Available Now
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Fitness Center
5
$823 - 1,370
70 S 4th St Memphis, TN
Studio - 2 BR | Available Now
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Section 8
13
$775 - 915
560 S. Jefferson Place Memphis, TN
1 - 2 BR | Available Now
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Section 8
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In Unit Laundry
3
$1,200
560 S Jefferson Pl Memphis, TN
2 BR | Available Now
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$1,495
92 S Main Memphis, TN
1 BR | Available Now
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8
$775 - 1,400
110 Barboro Alley Memphis, TN
Studio - 1 BR | Ask for Availability
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Air Conditioning
In Unit Laundry
Den
6
$1,200 - 1,850
122 Gayoso Avenue Memphis, TN
1 - 2 BR | Available Now
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Section 8
Air Conditioning
Covered Parking
5
$1,000 - 1,800
99-105 South Main Street Memphis, TN
Studio - 2 BR | Available Now
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Dog Friendly
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Luxury
Air Conditioning
Covered Parking
5
$1,010 - 1,650
113 South Main Street Memphis, TN
1 - 2 BR | Ask for Availability
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Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
12
$1,000 - 1,800
125 Gayoso Ave Memphis, TN
1 - 2 BR | Ask for Availability
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Fitness Center
9
$1,100
130 S Front St Memphis, TN
1 - 2 BR | Ask for Availability
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Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
$3,395
635 Jefferson Ave Memphis, TN
3 BR | Available Now
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House
5
$1,650
444 Island Dr Memphis, TN
2 BR | Available Now
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Luxury
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Balcony/Deck/Patio
15
$2,795
670 Marina Cottage Dr Memphis, TN
2 BR | Available Now
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Storage
5
$2,495
682 Marina Cottage Dr Memphis, TN
2 BR | Available Now
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Air Conditioning
Balcony/Deck/Patio
Storage
Dishwasher
24
$1,025 - 1,777
671 Harbor Edge Drive Memphis, TN
1 - 3 BR | Available Now
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Dog Friendly
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Luxury
Balcony/Deck/Patio
Fitness Center
28
$1,295
Memphis, TN
4 BR | Available Now
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Dog Friendly
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House
Storage
11
$925 - 1,400
267 South Main St Memphis, TN
Studio - 2 BR | Ask for Availability
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Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Dishwasher
$1,850
694 Madison Ave Memphis, TN
2 BR | Available Now
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Dishwasher
13
$999 - 2,225
272 S. Main St Memphis, TN
Studio - 3 BR | Ask for Availability
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Virtual Tour
Luxury
10
$710
290 Turley Ste. 128 Memphis, TN
1 BR | Available Now
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Balcony/Deck/Patio
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  3. Downtown Memphis
Downtown Memphis Neighborhood Summary

Memphis is a great city with lots of great neighborhoods to live in and fun places to hang out. And the heart of the city is downtown. Central Memphis is filled with some spectacular bars, restaurants, and shops. You can also enjoy the wonderful music and arts scene here, as well.

Memphis:
June Rent Report

Welcome to the June 2024 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the June 2024 key findings and figures for the Memphis rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Memphis and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Memphis average rent prices in the chart below.

Monthly Rent Report

$1,200
$900
$600
$300
$0
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
1 BR       2 BR

Memphis Rent Prices Decrease From May to June

Memphis rent prices decreased over the last month. From May to June, the city experienced a -0.1% decrease for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $952.0.

When we take a look at the two-bedroom comparison from May to June, Memphis experienced a 0.28% increase for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,068.0.

June Prices: Memphis vs. Surrounding Areas

Germantown, TN
Cordova, TN
Collierville, TN
Horn Lake, MS
Southaven, MS
Memphis, TN
Millington, TN
$1,561
$1,475
$1,450
$1,332
$1,300
$953
$671
$0
$550
$1,100
$1,650
$2,200
Median 1 BR Rent

Rent Prices in Memphis and Surrounding Areas

Rent prices have decreased in Memphis over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 5 of the Memphis suburbs increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Southaven, MS, Collierville, TN, Horn Lake, MS, Germantown, TN, Millington, TN .

  • Rent decreased in Cordova, TN.

  • 5 suburbs are currently priced higher than the city of Memphis.

  • 1 suburb is currently priced lower than the city of Memphis.

June 2024 Pricing Trends: Memphis vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
Memphis, TN
$4,132
$3,030
$2,390
$2,331
$1,905
$1,353
$1,259
$1,203
$953
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Memphis Rent Prices More Affordable Than Major Cities

Rent growth in Memphis over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Memphis average rent prices appear to be relatively affordable for local residents.

The price for a Memphis one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Memphis and surrounding area rent prices, take a look at the complete data set below.

Data set for Memphis and suburbs

1 BR June 1 BR M/M % Change 2 BR June 2 BR M/M % Change
Memphis, TN $953.0 0.00% $1,065.0 -0.28%
Cordova, TN $1,475.0 -0.07% $1,618.0 -0.37%
Southaven, MS $1,300.0 3.18% $1,458.0 0.07%
Collierville, TN $1,450.0 0.76% $1,634.0 0.12%
Horn Lake, MS $1,332.0 1.37% $1,453.0 1.75%
Germantown, TN $1,561.0 1.10% $1,863.0 0.98%
Millington, TN $671.0 34.20% $1,500.0 0.00%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.