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3 Bedroom Apartments for Rent in Downtown Memphis, Memphis, TN

51 Rentals Available
  • 37
    Top Rated for Location
    Rent Specials
    A bedroom with a large bed and a painting on the wall. A pool table is in the middle of a room with a carpeted floor.
    4.5
    Today

    67 Madison Ave., Memphis, TN 38103
    Income Restricted
    3 BEDS $2,586+
    A bedroom with a large bed and a painting on the wall. A pool table is in the middle of a room with a carpeted floor. Social Lounge at Metro67, Tennessee, 38103 Building Exterior at Metro67, Tennessee
    Property reviews
    4.5/5 resident s. on Jan 1, 2020

    Great rooftop common space!

  • a living room with couches and chairs and a table
    106
    5 days ago

    70 S 4Th St., Memphis, TN 38103
    3 BEDS $2,357+
  • A living room with a grey couch, a wooden dining table with chairs, a flat screen TV, and a coffee table with a plant on it.
    Today

    138 St Paul Avenue, Memphis, TN 38126
    Income Restricted
    3 BEDS Ask for Pricing
  • A brick house with a black fence in front.
    Today

    1085 Peabody #101, Memphis, TN 38104
    3 BEDS Ask for Pricing
  • a living room with a couch and a coffee table
    31
    Today

    410 South Danny Thomas Blvd, Memphis, TN 38126
    Income Restricted
    3 BEDS $1,295
  • a living room filled with furniture and a table and chairs
    Today

    410 South Danny Thomas Blvd, Memphis, TN 38126
    Income Restricted
    3 BEDS $1,295
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  • 874 Estival 3 Beds Apartment for Rent
    Today

    874 Estival, Memphis, TN 38126
    3 BEDS Ask for Pricing
  • a living room with a couch and a table
    33
    7 days ago

    300 Grand Island Dr, Memphis, TN 38103
    3 BEDS $1,950+
  • a living room and kitchen with a couch and a table
    37
    7 days ago

    444 Island Drive, Memphis, TN 38103
    3 BEDS $3,366+
  • a living room with a couch and a coffee table and a fireplace
    36
    7 days ago

    671 Harbor Edge Drive, Memphis, TN 38103
    3 BEDS $2,008+
  • a living room with a column in the middle and a dining room table and couch
    39
    Today

    1350 Concourse Avenue, Suite 750, Memphis, TN 38104
    Income Restricted
    3 BEDS Ask for Pricing
  • A living room with a large grey coffee table in the middle.
    17
    Today

    205 Pasadena Place, Memphis, TN 38104
    3 BEDS $2,245+
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  • A modern apartment building with a parking lot in front.
    8
    Today

    645 North Front Street, Memphis, TN 38107
    3 BEDS $3,300
  • a living room with couches and a tv
    Today

    1045 East EH Crump Blvd, Memphis, TN 38104-8421
    Income Restricted
    3 BEDS $1,295
  • a living room with a couch and a table
    Today

    1045 E.H. Crump Blvd, Memphis, TN 38104
    Income Restricted
    3 BEDS Ask for Pricing
  • a kitchen with white appliances and wooden cabinets
    Today

    198 North Pauline Street, Memphis, TN 38105-4000
    Income Restricted
    3 BEDS $1,295
  • A large building with a sign that says "Maple Woods Apartments West.".
    Today

    262 Chelsea Avenue, Memphis, TN 38107
    3 BEDS $1,248+
  • A small house with a yellow roof and stone walls.
    Today

    262 Chelsea Ave., Memphis, TN 38107
    3 BEDS $615+
  • A house with a sign that says "Photos coming soon!"
    Today

    1395 Pennsylvania St., Memphis, TN 38106
    Income Restricted
    3 BEDS Ask for Pricing
  • a living room with furniture and a fireplace
    25
    Today

    1298 Mt Hope Dr, Memphis, TN 38103
    3 BEDS $1,948+
  • A living room with a white sofa, orange armchair, and a coffee table with a white pumpkin on it.
    Today

    1912 Poplar Ave., Memphis, TN 38104
    3 BEDS $3,000
  • a living room with couches and a desk and a tv
    40
    Today

    1440 Island Park Drive, Memphis, TN 38103
    3 BEDS Ask for Pricing
  • a living room with couches and chairs and a fireplace
    32
    Today

    1445 River Estates Dr, Memphis, TN 38103
    3 BEDS $1,955+
  • A living room with a grey couch and a coffee table.
    Today

    203 Red Oak Drive East, Memphis, TN 38112-4616
    Income Restricted
    3 BEDS Ask for Pricing
  • A living room with a blue couch and a wooden table.
    Today

    2801 Raja Drive, Memphis, TN 38127-7919
    Income Restricted
    3 BEDS Ask for Pricing
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Downtown Memphis, Memphis, TN rent trends

Rental prices in Downtown Memphis, Memphis, TN have decreased by 2.01% over the past year. The average rent moved from $1,559 to $1,527.

Check out the average rent in Memphis.

The national average price of rental apartments is $1,750, while the average monthly rent in Downtown Memphis, Memphis, TN is $1,527.

Average rent in Downtown Memphis, Memphis, TN

$1,527/mo Downtown Memphis, Memphis, TN average rental price, September 2025
Image Average Rent

The average monthly rent for an apartment in Downtown Memphis, Memphis, TN is around $1,527.

    What's the typical rent budget in Downtown Memphis, Memphis, TN?

    A share of 25% of apartments in Downtown Memphis, Memphis, TN have the cheapest rents between ≤ $1000. Around 16% of rentals are $2,501-$3,000. Around 55% of Downtown Memphis's apartments have monthly rents between $1,001-$1,500. There are 4% of apartments with rents between $2,001-$2,500.

    The largest share of rentals in Downtown Memphis, Memphis, TN (55%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.

    Getting around in Downtown Memphis, TN

    78 /100
    Very Walkable
    46 /100
    Some Transit
    81 /100
    Very Bikeable
    Walk Score®: 78, Transit Score®: 46, Bike Score®: 81

    Frequently asked questions

    What is the price of a 3 bedroom apartment in Downtown Memphis, Memphis, TN?

    The price range of a 3 bedroom apartment is between $2,357 and $3,508.

    How many 3 bedroom apartments for rent are available in Downtown Memphis, Memphis, TN on RentCafe?

    There are 8 3 bedroom rentals available on RentCafe. Prices and availability in Downtown Memphis, Memphis, TN were last updated on 18 Nov 2025.

    What is the average size of a 3 bedroom apartment in Downtown Memphis, Memphis, TN?

    The average Downtown Memphis, Memphis, TN 3 bedroom apartment size is 1,043 sq. ft.

    What are the advantages of renting a 3 bedroom apartment in Downtown Memphis, Memphis, TN?

    Renting a 3 bedroom apartment offers extra space compared to a 2 bedroom apartment, suited for a family or for sharing it with someone else.

    What are the downsides of renting a 3 bedroom apartment in Downtown Memphis, Memphis, TN?

    A 3 bedroom apartment is more expensive than smaller units and it usually comes with higher utility costs.

    Downtown Memphis, Memphis, TN demographics

    • 10,703Total Population
    • 4,976 Female
      5,727 Male
    • 33Median Age

    In total, Downtown Memphis, Memphis, TN has 10,703 residents, 4,976 women and 5,727 men, per U.S. Census recent estimates. Statistics show that the median age of Downtown Memphis’s population is 33.

    Downtown Memphis, Memphis, TN households

    • 1,888 Family
      3,954 Non-family
    • 934 Children
      4,908 No Children
    • 5,842Total Number of Households
    • 1.17Average People Per Household
    • $30,825Median Household Income

    There is a total of 5,842 households in Downtown Memphis, Memphis, TN. Of these, 934 have children and 4,908 are without children. Per Census Bureau’s most current estimates, 1,888 family households and 3,954 non-family households live in this area. The size of a household in Downtown Memphis is 1.17 people, on average. The median household annual income in Downtown Memphis equals $30,825, and the monthly housing costs equal $918.

    Downtown Memphis, Memphis, TN education statistics

    According to data from the U.S. Census Bureau, 1% of the population in Downtown Memphis, Memphis, TN have no high school education, 31% went to high-school, and 18% have partially completed college. Moreover, 3% of the population hold an Associate Degree, 26% hold a Bachelor Degree, and 20% hold a Graduate Degree.