Cheap Apartments for Rent in Downtown Memphis, Memphis, TN
Apartments Under $400
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8 units available1 bd $3002 bd $450+3 bd $605+Base rent4.5 (1)262 Chelsea Ave., Memphis, TN 38107
Apartments Under $600
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Rent specials New units available2 bd $562+Base rent3.5 (60)1726 S. Orleans Street, Memphis, TN 38106Apply online • Pet friendly • In unit laundry
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Rent specials New units available1 bd $571+2 bd $685+Base rent2743 Ketchum Road, Memphis, TN 38114Apply online • Pet friendly • In unit laundry
Apartments Under $700
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Rent specials New units available2 bd $621+Base rent3.5 (144)1953 Philsar Street, Memphis, TN 38106Apply online • Pet friendly • In unit laundry
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Rent specials New units available2 bd $669+Base rent4.0 (72)1175 Barron Court, Memphis, TN 38114Apply online • Pet friendly • In unit laundry
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32 units available2 bd $691+3 bd $691Base rent3384 Harmony Court, Memphis, TN 38122Dishwasher
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Only 1 unit left1 bd $6952 bd $845Base rent4.5 (1)202 Windover Road, Memphis, TN 38111Apply online • Pet friendly
Apartments Under $800
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9 units availableStudio $7251 bd $7252 bd $825+Base rent Income restricted3.0 (2)414 N Claybrook St #1, Memphis, TN 38104Apply online • Pet friendly • Public Transportation
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1 bd $7452 bd $775Base rent168 Windover Road, Memphis, TN 38111Pet friendly
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Rent specials New units available1 bd $773+2 bd $859+Base rent3.5 (14)3427 Southern Avenue, Memphis, TN 38111Apply online • Pet friendly • Dishwasher
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2 bd $780Base rent4.5 (1)174 Windover Road, Memphis, TN 38111Pet friendly
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More Rentals Near Downtown Memphis, Memphis, TN
Apartments Under $900
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Only 2 units left2 bd $800Base rent4.0 (5)184 Windover Road, Memphis, TN 38111Apply online • Pet friendly
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Only 2 units left2 bd $800+Base rent176 Windover Road, Memphis, TN 38111Apply online • Pet friendly
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Only 1 unit left2 bd $800Base rent4.5 (3)154 Windover Road, Memphis, TN 38111Apply online • Pet friendly
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Only 1 unit left2 bd $820Base rent4.0 (1)208 Windover Road, Memphis, TN 38111Apply online • Pet friendly
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Rent specials 14 units availableStudio $835+1 bd $844+Base rent4.5 (3)1391 Court Avenue, Memphis, TN 38104Apply online • Pet friendly • In unit laundry
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More Rentals Near Downtown Memphis, Memphis, TN
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3 bd $880Base rent194 Windover Road, Memphis, TN 38111Pet friendly
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Only 2 units left3 bd $895Base rent4.5 (3)162 Windover Road, Memphis, TN 38111Apply online • Pet friendly
Apartments Under $1,300
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7 units availableAsk for pricingIncome restricted2881 Lamar Avenue, Memphis, TN 38114Apply online • Pet friendly • Dishwasher
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8 units availableAsk for pricing1085 Peabody #101, Memphis, TN 38104Apply online
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Only 2 units leftAsk for pricing5.0 (1)379 Cossitt, Memphis, TN 38126Apply online
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Only 1 unit left
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Only 1 unit left
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Frequently asked questions
How many cheap rentals are available in Downtown Memphis, Memphis, TN on RentCafe?
There are 12 cheap rentals available on RentCafe. Prices and availability in Downtown Memphis, Memphis, TN were last updated on 22 Jun 2026.
What are the advantages of renting a cheap apartment in Downtown Memphis, Memphis, TN?
Cheap apartments in Downtown Memphis, Memphis, TN are usually less expensive, smaller, and easier to maintain. They also come with lower utility costs.
What are the downsides of renting a cheap apartment in Downtown Memphis, Memphis, TN?
A cheap apartment in Downtown Memphis, Memphis, TN offers little storage space and fewer amenities compared to other apartments.
Looking for a cheap apartment for rent in Downtown Memphis, Memphis, TN? With RentCafe, finding an affordable apartment in Downtown Memphis has never been easier. We feature 138 low-priced rentals directly from property managers, with rents lower than the Downtown Memphis, Memphis, TN average, which is currently $1,401. On RentCafe, Downtown Memphis rents go as low as $300/mo.