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Apartments for Rent in Downtown Memphis, Memphis, TN

390 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
    STUDIO $1,333+
    1 BED $1,499+
    2 BEDS $1,923+
    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!

  • 25
    Top Rated for Location
    Rent Specials
    Gourmet Kitchen With Island at The Tennessee Brewery, Memphis, Tennessee resident lounge with a large table and chairs. at The Tennessee Brewery, Memphis
    4.5
    7 days ago

    495 Tennessee Street, Memphis, TN 38103
    13 Units available
    STUDIO $1,200
    1 BED $1,200
    2 BEDS $1,767
    Gourmet Kitchen With Island at The Tennessee Brewery, Memphis, Tennessee resident lounge with a large table and chairs. at The Tennessee Brewery, Memphis A small pool surrounded by orange chairs and umbrellas. at The Tennessee Brewery, Memphis, 38103 A gym with a variety of equipment including treadmills, weights, and a squat rack. at The Tennessee Brewery, Memphis
    Property reviews
    5/5 Hayley on Aug 16, 2018

    I could not be happier with my decision to live here. I have consistently bugged the ladies in the office since the day I moved in, and they have handled each request efficiently and with a smile. The apartment itself is built extremely well. With the unit being new construction, I expected to find many issues right off the bat, but it's been the exact opposite. I toured many apartments throughout Memphis, and I am 100% satisfied with my choice to live at The Tennessee Brewery.

    5/5 Vasan S. on Jan 28, 2018

    A fantastic new development with amazing views of the river and city skyline. The units vary depending on size due to previously existing supporting structures. The ceilings are high and natural. This week place is close to Beale Street and the new Malco movie theater.

  • 90
    Top Rated for Staff
    Rent Specials
    a bedroom with a bed and a brick wall at Lofts at Union Alley, Tennessee a living room and kitchen with a checkered floor at Lofts at Union Alley, Memphis
    3.0
    Today

    110 Barboro Alley, Memphis, TN 38103
    Income Restricted
    STUDIO $949+
    1 BED $1,385+
    a bedroom with a bed and a brick wall at Lofts at Union Alley, Tennessee a living room and kitchen with a checkered floor at Lofts at Union Alley, Memphis a view of a living room with a kitchen and a dining room at Union Alley, Tennessee, 38103 a bedroom with a bed and a painting on the wall at Lofts at Union Alley, Memphis
    Property reviews
    3.5/5 Jonathan on Aug 11, 2024

    The community is respectful, and the staff are helpful. The value for my apartment is excellent for its size and location. Not much in the way of amenities, but the savings from the lack of amenities is passed on to the tenant. Haven't had any major issues that require maintenance yet. Overall, a good exerience.

    2/5 Anonymous on Nov 25, 2023

    The Staff is very helpfull. The parking situation needs improvement.

  • 56
    an apartment kitchen with black appliances and white counters and a stainless steel refrigerator a blue and white bedroom with a white bed and a blue accent wall
    Today

    130 S Front Street, Memphis, TN 38103
    Available
    STUDIO $999
    1 BED $1,160
    2 BEDS $1,660+
    an apartment kitchen with black appliances and white counters and a stainless steel refrigerator a blue and white bedroom with a white bed and a blue accent wall a row of dumbbells on a rack in a gym Beautiful Courtyard located right on Front Street, in the heart of Downtown Memphis
    Amenities
    • Hardwood Floors
    • Fitness Center
    • Pets Allowed
  • a living room with couches and chairs and a table
    106
    5 days ago

    70 S 4Th St., Memphis, TN 38103
    STUDIO $965+
    1 BED $1,095+
    2 BEDS $1,552+
  • 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
    STUDIO Ask for Pricing
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • a living room with a round table and a couch
    6
    7 days ago

    99 South Front Street, Memphis, TN 38103
    STUDIO $1,060+
    1 BED $1,330
    2 BEDS $1,549
  • a city street with cars and buildings and a mural on the side
    26
    Today

    267 S. Main St., Memphis, TN 38103
    STUDIO $1,100
    1 BED $1,100+
    2 BEDS $1,375
  • a living room with blue couches and a black and white carpet
    37
    Today

    67 Madison Ave., Memphis, TN 38103
    Income Restricted
    STUDIO $1,333+
    1 BED $1,499+
    2 BEDS $1,923+
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  • a bouquet of roses on a counter in a kitchen
    35
    Today

    80 Virginia Avenue, West, Memphis, TN 38106
    STUDIO $952
    1 BED $1,507
    2 BEDS $1,650
  • A living room with a grey couch and a black and white rug.
    Today

    44 S. Front Street, Memphis, TN 38103
    Income Restricted
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • A living room with a grey couch and a coffee table.
    5
    Today

    125 Gayoso Ave, Memphis, TN 38103
    STUDIO $999
    1 BED $1,160
    2 BEDS $1,660+
  • a living room with leather furniture and large windows
    Today

    One Dr. Martin Luther King Jr. Ave, Memphis, TN 38103
    STUDIO $1,094+
    1 BED $1,311+
    2 BEDS $2,452+
  • a living room with a couch and a chair and a door to a balcony
    25
    7 days ago

    495 Tennessee Street, Memphis, TN 38103
    STUDIO $1,200
    1 BED $1,200
    2 BEDS $1,767
  • the living room of an apartment with a couch and chairs
    8
    Today

    1081 Court Ave, Memphis, TN 38104
    1 BED Ask for Pricing
  • Interactive banner rent
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  • A kitchen with a marble countertop and a stove top oven.
    7 days ago

    810 Washington Ave., Memphis, TN 38105
    STUDIO $991+
    1 BED $995+
    2 BEDS $1,319+
  • A sign for the Estival Place Assisted Living Campus is displayed in front of a gated entrance.
    Today

    379 Cossitt, Memphis, TN 38126
    STUDIO Ask for Pricing
    2 BEDS Ask for Pricing
  • A logo for a company named Promise Development Corporation.
    Today

    925 Vance, Memphis, TN 38107
    2 BEDS Ask for Pricing
  • a living room with couches and a bed in a room with a large window
    90
    Today

    110 Barboro Alley, Memphis, TN 38103
    Income Restricted
    STUDIO $949+
    1 BED $1,385+
  • A brick house with a black fence in front.
    Today

    1085 Peabody #101, Memphis, TN 38104
    2 BEDS Ask for Pricing
    3 BEDS Ask for Pricing
  • A brick house with a sign that says "Pretty Place".
    Today

    705 St. Paul, Memphis, TN 38107
    2 BEDS Ask for Pricing
    4 BEDS Ask for Pricing
  • Interactive banner bedroom
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    looking for?
  • a living room with a couch and a coffee table
    31
    Today

    410 South Danny Thomas Blvd, Memphis, TN 38126
    Income Restricted
    1 BED $979
    2 BEDS $1,125
    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
    1 BED $955+
    2 BEDS $1,125
    3 BEDS $1,295
  • a living room with couches and a rug
    56
    Today

    130 S Front Street, Memphis, TN 38103
    STUDIO $999
    1 BED $1,160
    2 BEDS $1,660+
  • a large building on the corner of a city street
    Today

    50 Peabody Place, Memphis, TN 38103
    STUDIO $1,150
    1 BED $1,398+
    2 BEDS $1,923+
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Downtown Memphis, Memphis, TN rent trends

Rental prices in Downtown Memphis, Memphis, TN have increased by 0.69% over the past year. The average rent moved from $1,378 to $1,387.

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 $1,387.

Average rent in Downtown Memphis, Memphis, TN

$1,387/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 $1,387.

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

    A share of 19% of apartments in Downtown Memphis, Memphis, TN have the cheapest rents between ≤ $1000. Around 4% of rentals are $2,001-$2,500. Around 53% of Downtown Memphis's apartments have monthly rents between $1,001-$1,500. There are 21% of apartments with rents between $1,501-$2,000. A share of 1% of apartment rentals in Memphis are in the $2,501-$3,000 range. Meanwhile, 2% of apartment rentals in Memphis are in the > $3,000 range.

    The largest share of rentals in Downtown Memphis, Memphis, TN (53%) 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

    When were prices and availability in Downtown Memphis, Memphis, TN last updated?

    Prices and availability in Downtown Memphis, Memphis, TN were last updated on 18 Nov 2025.

    What are the best apartments in Downtown Memphis, Memphis, TN?

    The best apartments in Downtown Memphis, Memphis, TN are: Metro67, The Tennessee Brewery Apartments, Lofts at Union Alley, Gayoso House at Peabody Place | Apartments and Fielder Square.

    What is the average rent in Downtown Memphis, Memphis, TN?

    The average rent in Downtown Memphis, Memphis, TN is $1,418.

    What is the price range for a studio apartment in Downtown Memphis, Memphis, TN?

    The price range for a studio apartment in Downtown Memphis, Memphis, TN is between $949 and $2,018.

    What is the price range for a 1-bedroom apartment in Downtown Memphis, Memphis, TN?

    The price range for a 1-bedroom apartment in Downtown Memphis, Memphis, TN is between $955 and $3,373.

    What is the price range for a 2-bedroom apartment in Downtown Memphis, Memphis, TN?

    The price range for a 2-bedroom apartment in Downtown Memphis, Memphis, TN is between $1,100 and $7,026.

    What is the price range for a 3-bedroom apartment in Downtown Memphis, Memphis, TN?

    The price range for a 3-bedroom apartment in Downtown Memphis, Memphis, TN is between $1,295 and $3,508.

    What type of rental buildings are in Downtown Memphis, Memphis, TN?

    In Downtown Memphis, 75% of the residents are renting compared to 25% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 34% of Downtown Memphis’s rentals, 56% are small-scale complexes with under 50 units, and 10% are single-family rentals.

    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.

    RentCafe is your one-stop shop for finding a great new apartment in Downtown Memphis, Memphis, TN. Easily search through a wide selection of apartments for rent in Downtown Memphis, Memphis, TN, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Browse Downtown Memphis, Memphis, TN apartments with rents starting from $949 and submit your rental application today!

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