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Cheap Apartments for Rent in Downtown Memphis, Memphis, TN

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Frequently asked questions

How many cheap rentals are available in Downtown Memphis, Memphis, TN on RentCafe?

There are 16 cheap rentals available on RentCafe. Prices and availability in Downtown Memphis, Memphis, TN were last updated on 13 Nov 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 169 low-priced rentals directly from property managers, with rents lower than the Downtown Memphis, Memphis, TN average, which is currently $1,425. On RentCafe, Downtown Memphis rents go as low as $300/mo.