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1 Bedroom Apartments for Rent in Downtown Memphis, Memphis, TN - 20 Rentals available

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Downtown Memphis, Memphis, TN Demographics

  • Total Population11,019
  • Female 5,721
    Male 5,299
  • Median Age31.3

Average Rent in Downtown Memphis, Memphis, TN

  • Downtown Memphis, Memphis, TN Average Rental Price, May 2019$1,179/mo

Downtown Memphis, Memphis, TN Apartment Rent Ranges

  • < $5002%
  • $501-$70010%
  • $701-$1,00019%
  • $1,001-$1,50051%
  • $1,501-$2,00016%
  • > $2,0002%

Downtown Memphis, Memphis, TN Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 May / 2019
Downtown Memphis, Memphis, TN $1,062 $1,094 $1,115 $1,092 $1,125 $1,113 $1,116 $1,117 $1,179
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396

Average rent is projected to grow by 2% in 2018 compared to 2017.

Please note that projected rent growth is calculated at city level.

Average rent values on this page are aggregated from data from the following zip codes: 381033810538126

Check out the average rent in Memphis.

Downtown Memphis, Memphis, TN Households

  • Total Number of Households4,969
  • Family 1,790
    Non-family 3,180
  • Children 857
    No Children 4,113
  • Average People Per Household1.81
  • Median Household Income$18,065
  • Median Housing Costs Per Month$636

Downtown Memphis, Memphis, TN Education Statistics

  • No High School3%
  • Some High School34%
  • Some College15%
  • Associate Degree3%
  • Bachelor Degree24%
  • Graduate Degree21%

Renting a 1 bedroom apartment in Downtown Memphis, Memphis, TN

Every renter’s dream is to find an apartment which is a cut above their previous home and where amenities match or exceed their expectations. In Downtown Memphis, Memphis, TN, tenants pay a monthly rent of about $1,791 for a 1,124 Sqft single bedroom apartment, and this is actually considered affordable for the area. If you’re single or have a small family, one bedroom apartments are one of the most convenient rental housing options. Right now, you can find 16 affordable one bedroom apartments in 6 buildings, with prices as low as $817. If you are not interested in cheap one bedroom apartments, take a look through our higher-end listings. Simply sort by "Rent" descending to find the best apartments available for rent right now. You are sure to find a one bedroom furnished apartment with an eye-pleasing design that will make you want to move in right now.

Cheap 1 bedroom apartments combine the pleasant and the useful

If you’ve already lost hope in your search for hot deals, you’ve come to the right place. Searching for decent rental apartments can get overwhelming at times, that’s why we’re helping you find the perfect one for you. As a rule of thumb, making a list of deal-breakers, as well as of issues you’re willing to compromise on, will be of huge help in speeding up your search. It’s important that you feel amazing in the intimacy of your cozy nest, because comfort is king, but it is also important to save money. One bedroom efficiency apartments in Downtown Memphis, Memphis, TN offer the best of both worlds and they are waiting for you to find them.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!