Careers
Favorites
Advertise With Us
Log In
Create Search Alert
Get alerts when new listings become available in the Memphis area that match this search.
Email address:

Subscribed
Error! Please try again later.
Contact Property
Your Name

Email Address

Phone Number
Desired Move In Date
Desired Number of Bedrooms
Request a Tour Date

Ask a Question

Error! Please try again later.

Apartments in Downtown Memphis

61 - 90 of 99 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
45
$1,601 - 3,013
Parcels at Concourse
5.0
1350 Concourse Ave Suite 750 Memphis, TN
Studio - 2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
27
$1,119 - 2,237
University Place Apartments
Deal
3.3
1045 East Eh Crump Blvd Memphis, TN
1 - 3 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Townhome
Air Conditioning
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
7
$795
410/412 N Bellevue Blvd
Memphis, TN
1 BR | Available Now
Contact
Storage
18
$3,750
Mud Island Fully Furished
138 Harbor Creek Dr Memphis, TN
3 BR | Ask for Availability
Contact
House
Mud Island
21
$3,226
Brand New Construction Home In The South End, Downtown Memphis
703 Meditation Ln Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Storage
22
$4,095
New Construction 4 Bedroom Home In Downtown Memphis
702 Meditation Ln Memphis, TN
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
$3,780
New Construction 4 Bedroom Home In Downtown Memphis
718 Meditation Ln Memphis, TN
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
15
$1,255 - 1,856
University Place Apartments
1045 E.h. Crump Blvd Memphis, TN
1 - 3 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Luxury
Townhome
Air Conditioning
14
$2,700
143 Isle Creek Dr
Memphis, TN
4 BR | Available Now
Contact
House
Storage
Dishwasher
Mud Island
$500
911 Kney
Memphis, TN
2 BR | Available Now
Contact
House
Storage
22
$675
Newly Renovated 1-bedroom Downtown!
290 S Waldran Blvd Memphis, TN
2 BR | Ask for Availability
Contact
10
$1,250
1271 Poplar Ave Ste 1204
Memphis, TN
1 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
House
Storage
17
$695
Newly Renovated 2-bedroom Apartment!
302 S Waldran Blvd Memphis, TN
2 BR | Ask for Availability
Contact
6
$675
Apartments For Rent In Crosstown!
1177 Linden Ave Apt 1 Memphis, TN
1 BR | Ask for Availability
Contact
5
$1,050
1170 Peabody Ave #10
Memphis, TN
2 BR | Available Now
Contact
8
$916 - 1,099
Senior Living At University Place Apartments
600 S. Sommerville Street Memphis, TN
1 - 2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Fitness Center
3
$425
The Peach Apartments
1330 Peach Ave Memphis, TN
1 BR | Available Now
Contact
12
$1,225
Newly Renovated Home In North Memphis
925 Lewis St Memphis, TN
3 BR | Available Now
Contact
House
22
$1,793 - 2,574
Parcels At Concourse
1350 Concourse Avenue, Suite 750 Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
In Unit Laundry
10
$925
1247 Peabody Ave Unit 2
Memphis, TN
1 BR | Available Now
Contact
House
12
$1,700
1247 Peabody Ave Unit 3
Memphis, TN
2 BR | Available Now
Contact
House
14
$925
1247 Peabody Ave Unit 4
Memphis, TN
1 BR | Available Now
Contact
House
10
$925
1247 Peabody Ave Unit 1
Memphis, TN
1 BR | Available Now
Contact
House
1
$495
1386 Court Ave
Memphis, TN
1 BR | Ask for Availability
Contact
$1,495
871 Williams Ave E
Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
2
$970 - 1,225
Broadmoor Apartments
306 S Cleveland St Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Dishwasher
4
$850
1280 Harbert
Memphis, TN
2 BR | Jun. 14, 2024
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
61 - 90 of 99 Results
  1. Home
  2. Memphis
  3. Downtown Memphis
Frequently Asked Questions

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

Rentable.co has over 93 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 $999 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 $1,146 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 $1,350 per month.

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

Rentable.co has over 18,310 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 $880 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 $1,070 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 $1,070 per month, which is lower than the national average of $1,620 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 $35,000 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:
May Rent Report

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

Memphis rent prices decreased over the last month. From April to May, 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 April to May, 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.

May Prices: Memphis vs. Surrounding Areas

Germantown, TN
Cordova, TN
Collierville, TN
Horn Lake, MS
Southaven, MS
Memphis, TN
Millington, TN
$1,544
$1,476
$1,439
$1,314
$1,260
$953
$500
$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 2 of the Memphis suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

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

  • Rent decreased in Cordova, TN, Southaven, MS, Germantown, TN, Millington, TN.

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

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

May 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
$4,056
$3,039
$2,377
$2,336
$1,913
$1,300
$1,283
$1,178
$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 May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
Memphis, TN $953.0 -0.52% $1,068.0 -0.19%
Cordova, TN $1,476.0 -0.14% $1,624.0 -0.61%
Southaven, MS $1,260.0 -0.79% $1,457.0 1.39%
Horn Lake, MS $1,314.0 0.84% $1,428.0 -0.49%
Collierville, TN $1,439.0 3.01% $1,632.0 0.00%
Germantown, TN $1,544.0 -0.07% $1,845.0 0.55%
Millington, TN $500.0 0.00% $1,500.0 42.45%

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.

Browse Memphis Apartments
Memphis Apartments by Neighborhood
Memphis Apartments by Bedrooms
Memphis Apartments by Affordability
Memphis Apartments with Amenities
Memphis Apartments by Type
Colleges Near Memphis
Memphis Apartments by Zip Code