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Apartments for Rent in Downtown Memphis, Memphis, TN
266 Rentals Available

  • Top Rated for Location
    a bathroom with a tub and a shower and a sink a chair and a vase with a plant in a room
    Today

    67 Madison Ave., Memphis, TN 38103
    16 Units available
    Studio $1,264+
    1 BED $1,479+
    2+ BEDS $2,234+
    Property reviews
    4.5/5 resident s. on Jan 1, 2020

    Great rooftop common space!

  • Today

    110 Barboro Alley, Memphis, TN 38103
    10 Units available
    Studio $950+
    1 BED $1,250+
    Overview

    Find the perfect balance of loft living and rustic comfort in the heart of Downtown Memphis. Just steps off of Main Street, your home at the Lofts at Union Alley puts you in walking distance from everything Downtown has to offer.

    Amenities
    • Air Conditioner
    • Washer/Dryer
    • Dishwasher
    • Pets Allowed
  • Resident Rated
    Spacious kitchen with stainless steel appliances at Grand Island Apartments in Memphis TN 38103 Dining Room at Grand Island Apartments in Memphis TN 38103
    Today

    300 Grand Island Dr, Memphis, TN 38103
    12 Units available
    1 BED $1,465+
    2 BEDS $1,638+
    3 BEDS $2,112+
    Property reviews
    4/5 Anonymous on Sep 1, 2023

    I have lived in Grand Island for one year now and have just renewed my lease. I plan to live in these apartments for the next few years as they have been a great place to reside. The location is perfect and the renovated units are nice. It is a great place to walk my dog. I am in awe at how Grand Island seems to be one of the only apartments who is able to maintain power during storms on Mud Island. The only thing I would improve is the timing of maintenance requests.

    4/5 Anonymous on May 1, 2023

    We have been living in Gran Island Apartments since September - we do enjoy the closeness to the river, good facilities, and modern amenities.

  • Top Rated for Location
    an outdoor pool with blue chairs and umbrellas in front of an apartment building an outdoor pool with a fountain in front of a white building
    Today

    205 Pasadena Place, Memphis, TN 38104
    35 Units available
    1 BED $1,425+
    2 BEDS $1,905+
    3 BEDS $2,410
    Property reviews
    5/5 Anonymous on Nov 13, 2023

    Living in Bristol is a breeze. It’s quite, secured and chill. The manager, receptionist and maintenance are really accomodating. We’ve got all we need. Definitely something you can call home.

    5/5 Anonymous on Jul 25, 2023

    Great location, awesome pool and other amenities.

  • Top Rated for Location
    Kitchen with Stainless Steel Appliances at Harbor Island located in Memphis, TN 38103 Kitchen with Stainless Steel Appliances and Wood Cabinets at Harbor Island located in Memphis, TN 38103
    Today

    444 Island Drive, Memphis, TN 38103
    10 Units available
    1 BED $1,592+
    2 BEDS $1,574+
    3+ BEDS $2,983+
    Property reviews
    5/5 Claire T. on Jun 20, 2023

    Wonderful location with beautiful apartment interiors and great amenities. Having trash valet feels like such a luxury when they take it straight from outside your door for more than half the week. The pool is clean and well maintained, the gate access is simple and easy for guests as well. The area is quiet, with nearby greenery and (for my building) some great riverfront views. The dumpster/trash compacter (for larger trash) is even offset at a lower level so that you can just walk up to it and not have to lift over your head to get stuff in. Interior is reasonably spaced, great closets, counterspace, and cabinetry (including in the bathroom), the lighting is well thought out, and the water pressure is decent. 10/10, I think I'll be staying here for the entire four years of residency.

    4.5/5 Anonymous on May 1, 2023

    So far so good. Just moved in and I love it

  • Top Rated for Location
    an apartment kitchen with black appliances and white counters and a stainless steel refrigerator a kitchen with a sink and a window overlooking a living room
    Today

    130 S Front Street, Memphis, TN 38103
    Available
    Studio Ask for Pricing
    1 BED $1,165
    2 BEDS $1,650
    Property reviews
    4/5 Bryana P. on May 6, 2023

    I've lived here for 7 months and I've enjoyed it so far. I enjoy the location as it's close to entertainment and my job. I adore my apartment layout. I live in a studio apartment and I haven't come across a studio that offers such an unique, comfortable, and stunning layout. Love the bay windows. Rent is affordable compared to other downtown apartments. My con is the cleanliness of the floors. I live towards the end of my floor and it doesn't get a lot of attention. Also, it would be nice if the laundry rooms were updated but their current state is acceptable. The cleanliness of the floors is really my only con. The other items for improvement are things that I think are outside management's control.

    4/5 Anonymous on Jul 1, 2022

    I am a single person who works downtown and I enjoy living here! It's close to work and other fun downtown activities. Repairs are prompt and helpful for the most part. Staff is very friendly. The cleaning crew in the lobby are amazing! They say hello to me everyday and they are always so polite. There's an ice cream shop and a bubble tea shop in the lobby. There is a rooftop with some nice views. The gym isn't amazing, but it gets the job done. The biggest issue with living here is carrying in your groceries from the parking garage because it takes about five minutes to get from your car to your apartment. You have to cross the street car tracks on south main.

  • Today

    125 Gayoso Ave, Memphis, TN 38103
    Available
    Studio $1,203
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
    Overview

    The Apartments at Peabody Place featuring Pembroke Square is downtown living at its finest. Located in the heart of downtown Memphis' historic block on Main Street, you can have modern living mixed with the classic feel of the buildings' history. Pembroke Square at Peabody Place is located just minutes away from world class dining, entertainment and the retro 1910 trolley line. You will be minutes away from AutoZone Park which is home to the Memphis Redbirds and the FedEx Forum, as well as Beale Street and the world famous medical district. With spectacular views of the rolling Mississippi River and beautiful downtown Memphis, our controlled accessed community also offers a 24-hour fully equipped fitness center, a rooftop lounge with a panoramic view of the mighty Mississippi, ample storage space, and uniquely designed floor plans. Our beautiful Studio, 1, and 2 bedroom apartment homes offer exquisite moldings, stained glass, soaring ceilings, bay windows, original 1904 tile, and more!

    Amenities
    • Hardwood Floors
    • Laundry Facilities
    • Fitness Center
    • Pets Allowed
  • Today

    420 Monroe Avenue, Memphis, TN 38103
    Studio $1,370+
    1 BED $1,497+
    2 BEDS Ask for Pricing
  • Today

    70 S 4Th St., Memphis, TN 38103
    Studio $1,003+
    1 BED $900+
    2+ BEDS $1,465+
  • Today

    266 South Front Street, Memphis, TN 38103
    1 BED $1,000+
    2 BEDS $1,825
  • Today

    80 Virginia Avenue, West, Memphis, TN 38106
    Studio $952
    1 BED $1,507
    2 BEDS $1,650
  • Today

    67 Madison Ave., Memphis, TN 38103
    Studio $1,264+
    1 BED $1,479+
    2+ BEDS $2,234+
  • Too many options, too little time? Take a quiz and let us do the search for you
  • Today

    267 S. Main St., Memphis, TN 38103
    Studio $1,100+
    1 BED $1,200
    2 BEDS $1,300
  • Today

    60 S Main Street, Memphis, TN 38103
    Studio Ask for Pricing
    1 BED $994
    2 BEDS $1,250
  • Today

    410 South Danny Thomas Blvd, Memphis, TN 38126
    Income Restricted
    1 BED $1,045
    2 BEDS $691+
    3 BEDS $1,127+
  • 162 days ago

    775 St. Paul Ave, Memphis, TN 38126
    2 BEDS Ask for pricing
  • Today

    110 Barboro Alley, Memphis, TN 38103
    Studio $950+
    1 BED $1,250+
  • 162 days ago

    777 St. Paul Ave, Memphis, TN 38126
    2 BEDS Ask for pricing
  • Interactive banner rent
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  • 162 days ago

    773 St. Paul Ave, Memphis, TN 38126
    2 BEDS Ask for pricing
  • 162 days ago

    771 St. Paul Ave, Memphis, TN 38126
    2 BEDS Ask for pricing
  • Today

    252 North Lauderdale, Memphis, TN 38105
    Studio $720
    1 BED $805
    2+ BEDS $1,000
  • Today

    300 Grand Island Dr, Memphis, TN 38103
    1 BED $1,465+
    2 BEDS $1,638+
    3 BEDS $2,112+
  • Today

    1045 East EH Crump Blvd, Memphis, TN 38104-8421
    Income Restricted
    1 BED $1,066+
    2 BEDS $1,193+
    3+ BEDS $1,578+
  • Today

    1045 E.H. Crump Blvd, Memphis, TN 38104
    Income Restricted
    1 BED $1,066+
    2 BEDS $1,193+
    3+ BEDS $1,578+
  • Interactive banner bedroom
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    looking for?
  • Today

    198 North Pauline Street, Memphis, TN 38105-4000
    Income Restricted
    1 BED $1,245
    2 BEDS $1,611+
15-10-nhood

Popular searches Average rent Renters guide Demographics

Average rent in Downtown Memphis, Memphis, TN

$1,431/mo Downtown Memphis, Memphis, TN average rental price, July 2023
Image Average Rent

The average monthly rent for an apartment in Downtown Memphis, Memphis, TN is around $1,431.

Downtown Memphis, Memphis, TN apartment rent ranges

A share of 14% of apartments in Downtown Memphis, Memphis, TN have the cheapest rents between $701-$1,000. Around 7% of rentals are in the most expensive price range of > $2,000. Around 48% of Downtown Memphis’s apartments have monthly rents between $1,001-$1,500. There are 31% of apartments with rents between $1,501-$2,000.

Downtown Memphis, Memphis, TN rent trends

Getting around in Downtown Memphis, TN

68 /100
Somewhat Walkable
46 /100
Some Transit
81 /100
Very Bikeable
Walk Score®: 68, 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 10 Dec 2023.

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

The best apartments in Downtown Memphis, Memphis, TN are: Metro67, Lofts at Union Alley, Gayoso House at Peabody Place, Pembroke Square at Peabody Place and The Rise.

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

The average rent in Downtown Memphis, Memphis, TN is $1,431. Start your search for apartments in Downtown Memphis, Memphis, TN now.

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 $950 and $4,378. View all studio apartments in Downtown Memphis, Memphis, TN.

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 $900 and $5,000. Browse all available 1-bedroom apartments in Downtown Memphis, Memphis, TN now.

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 $691 and $6,200. Browse and find a 2-bedroom apartment in Downtown Memphis, Memphis, TN.

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 $1,127 and $4,376. Browse all available 3-bedroom apartments in Downtown Memphis, Memphis, TN.

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

In Downtown Memphis, 74% of the residents are renting compared to 26% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 31% of Downtown Memphis’s rentals, 57% are small-scale complexes with under 50 units, and 12% are single-family rentals.

Downtown Memphis, Memphis, TN demographics

  • 10,817Total Population
  • 5,218 Female
    5,600 Male
  • 33.9Median Age

In total, Downtown Memphis, Memphis, TN has 10,817 residents, 5,218 women and 5,600 men, per U.S. Census recent estimates. Statistics show that the median age of Downtown Memphis’s population is 33.9.

Downtown Memphis, Memphis, TN households

  • 1,877 Family
    3,594 Non-family
  • 789 Children
    4,682 No Children
  • 5,470Total Number of Households
  • 1.56Average People Per Household
  • $22,435Median Household Income

There is a total of 5,470 households in Downtown Memphis, Memphis, TN. Of these, 789 have children and 4,682 are without children. Per Census Bureau’s most current estimates, 1,877 family households and 3,594 non-family households live in this area. The size of a household in Downtown Memphis is 1.56 people, on average. The median household annual income in Downtown Memphis equals $22,435, and the monthly housing costs equal $767.

Downtown Memphis, Memphis, TN education statistics

According to data from the U.S. Census Bureau, 2% of the population in Downtown Memphis, Memphis, TN have no high school education, 31% went to high-school, and 17% have partially completed college. Moreover, 3% of the population hold an Associate Degree, 26% hold a Bachelor Degree, and 21% 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 $691 and submit your rental application today!

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