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Apartments in Downtown Memphis

31 - 60 of 93 Results
17
$100 - 350
City View Towers - Seniors 62 & Older
256 S Camilla St Memphis, TN
1 BR | Available Now
Contact
Heat Included
Senior Community
Income Restricted
Air Conditioning
Surface Parking
10
$1,378 - 3,063
Legends Park Apartments
2.8
198 N Pauline St Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Townhome
In Unit Laundry
Balcony/Deck/Patio
12
$1,020 - 1,510
Island Park And Harbor Town Square
1440 Island Park Drive Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Townhome
Section 8
21
$1,525
510 City House # 205
Memphis, TN
1 BR | Available Now
Contact
House
Surface Parking
Storage
Disability Access
20
$1,695
505 Tennessee St #127
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
House
Surface Parking
Storage
9
$1,150
Total Rehab!
668 Ayers St Memphis, TN
3 BR | Ask for Availability
Contact
House
12
$929
The Drew - 1060 Merriwether Avenue
1060 Merriwether Ave Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Dishwasher
11
$1,295
242 Cochran Ave
Memphis, TN
1 BR | Available Now
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Dishwasher
9
$625
822 Keel Ave
Memphis, TN
1 BR | Available Now
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House
10
$775 - 850
The Drew - 1070 Merriwether Avenue
1070 Merriwether Ave Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
37
$5,540
Stunning South Front Townhouse
581 S Front St Memphis, TN
3 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
House
Air Conditioning
$850
Cozy 2 Bedroom Home!
825 Dunlap Cir Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
$800
Newly Renovated 2 Bedroom !
823 Pearce St Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
5
$700
866 Dunlap St
Memphis, TN
1 BR | Available Now
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Dog Friendly
Cat Friendly
House
8
$800
839 Leon Pl
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
6
$800
875 Dunlap St
Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
$4,500
Gorgeous Downtown Custom Built New Orleans Style Home
1060 Island Dr Memphis, TN
3 BR | May. 1, 2024
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Storage
11
$799
The Kendall
1018 N 7th St Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
6
3D Tour
$1,100 - 1,550
South Bluffs Apartments
4.0
4 Riverview Drive W Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Short-term
13
3D Tour
$885 - 1,590
South Line
4.5
676 S Front St Memphis, TN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
In Unit Laundry
6
$950
336 S Dudley St #5
Memphis, TN
2 BR | Available Now
Contact
8
$1,195
215 N Bellevue Blvd
Memphis, TN
2 BR | Ask for Availability
Contact
$850
Spacious 2 Bedroom Home In A Central Location!! - (duplex)
643 Walnut St Memphis, TN
2 BR | Available Now
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House
2
$1,050 - 1,350
Eleven60 Apartments
1160 Jefferson Ave Memphis, TN
2 BR | Available Now
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12
$1,375 - 1,450
South Junction Apartments
Deal
4.2
9 East Carolina Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Balcony/Deck/Patio
5
$905 - 1,055
Riverset Apartment Homes
Deal
100 Riverset Lane Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Balcony/Deck/Patio
2
$1,100 - 1,740
9 E Carolina Ave Suite 101
Memphis, TN
Studio - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Fitness Center
Storage
Dishwasher
8
$1,220 - 3,000
9 E Carolina Ave Suite 101
Memphis, TN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
Dishwasher
7
$810
410/412 N Bellevue Blvd
Memphis, TN
1 BR | May. 1, 2024
Contact
Storage
21
$3,226
Brand New Construction Home In The South End, Downtown Memphis
703 Meditation Ln Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Storage
31 - 60 of 93 Results
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Frequently Asked Questions

How many apartments are available in Downtown Memphis on Rentable.co?

Rentable.co has over 92 apartments available near Downtown Memphis.

What is the average rent for a studio apartment in Downtown Memphis?

The average rent for a studio apartment near Downtown Memphis is around $1,049 per month.

What is the average rent for a one-bedroom apartment in Downtown Memphis?

The average rent for a one-bedroom apartment near Downtown Memphis is around $1,135 per month.

What is the average rent for a two-bedroom apartment in Downtown Memphis?

The average rent for a two-bedroom apartment near Downtown Memphis is around $1,435 per month.

How many apartments are available in Memphis, TN on Rentable.co?

Rentable.co has over 19,790 apartments available in Memphis.

What is the average rent for a studio apartment in Memphis, TN?

The average rent for a studio apartment in Memphis is around $890 per month.

What is the average rent for a one-bedroom apartment in Memphis, TN?

The average rent for a one-bedroom apartment in Memphis is around $950 per month.

What is the average rent for a two-bedroom apartment in Memphis, TN?

The average rent for a two-bedroom apartment in Memphis is around $1,080 per month.

How expensive is it to rent an apartment in Memphis, TN?

For a two-bedroom apartment in Memphis, the average rent price is $1,080 per month, which is lower than the national average of $1,630 per month.

Can I afford an apartment for rent in Memphis, TN?

Based on average rent prices in Memphis, to afford a studio apartment you would need an annual household income of $36,000 to live comfortably.

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:
April Rent Report

Welcome to the April 2024 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 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

$1,250
$940
$630
$310
$0
Mar. 2023
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
1 BR       2 BR

Memphis Rent Prices Decrease From March to April

Memphis rent prices decreased over the last month. From March to April, the city experienced a -0.62% decrease for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $959.0.

When we take a look at the two-bedroom comparison from March to April, Memphis experienced a -0.09% decrease for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,074.0.

April Prices: Memphis vs. Surrounding Areas

Germantown, TN
Cordova, TN
Collierville, TN
Horn Lake, MS
Southaven, MS
Memphis, TN
Walls, MS
$1,545
$1,478
$1,397
$1,303
$1,270
$958
$785
$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 4 of the Memphis suburbs increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

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

  • Rent decreased in Southaven, MS, Walls, MS.

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

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

April 2024 Pricing Trends: Memphis vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
Memphis, TN
$3,994
$3,038
$2,355
$2,347
$1,893
$1,300
$1,264
$1,145
$958
$0
$1,300
$2,600
$3,900
$5,200
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 April 1 BR M/M % Change 2 BR April 2 BR M/M % Change
Memphis, TN $958.0 -0.10% $1,070.0 -0.37%
Southaven, MS $1,270.0 -2.76% $1,437.0 1.70%
Cordova, TN $1,478.0 0.68% $1,634.0 -0.55%
Collierville, TN $1,397.0 3.02% $1,632.0 0.06%
Horn Lake, MS $1,303.0 1.40% $1,435.0 1.70%
Germantown, TN $1,545.0 0.07% $1,835.0 0.00%
Walls, MS $785.0 -9.98% $1,053.0 -0.38%

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.

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