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Apartments in Downtown Memphis

31 - 60 of 116 Results
11
$1,245 - 1,611
Quimby Plaza Apartments
Deal
198 N Pauline St Memphis, TN
1 - 2 BR | Available Now
Contact
Covered Parking
Surface Parking
Fitness Center
Dishwasher
Pool
19
$691 - 1,340
Foote Park At South City
521 Vance Park Place Memphis, TN
1 - 3 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
13
$1,124 - 1,468
Legends Park Apartments
Deal
2.8
198 N Pauline St Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Townhome
In Unit Laundry
Balcony/Deck/Patio
10
$710
Forum Flats
5.0
290 Turley Ste. 128 Memphis, TN
1 BR | Available Now
Contact
Income Restricted
Balcony/Deck/Patio
Fitness Center
Dishwasher
14
$995
107
Owens Pl Memphis, TN
3 BR | Available Now
Contact
South Forum
6
$840
Linden Yard
Memphis, TN
2 BR | Available Now
Contact
South Forum
1
$2,700
Absolutely Adorable Townhome In Downtown Memphis
61 Vance Ave Unit 61 Memphis, TN
2 BR | Available Now
Contact
House
Storage
Disability Access
Dishwasher
South Forum
1
$1,195
Fully Renovated 1 Br/ 1 Ba With Assigned Gated Parking In South Main Arts District Available Now!
77 Vance Ave #203 Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
South Forum
20
$1,295
Beautiful 2 Bedroom, 1.5 Bathroom Home For Rent!
686 Saffarans Ave Memphis, TN
2 BR | Ask for Availability
Contact
House
Air Conditioning
22
$979 - 1,658
Foote Park at South City Apartments
Deal
410 S Danny Thomas Blvd Memphis, TN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
23
$1,124 - 1,588
Legends Park Apartments
3.6
198 N Pauline St Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Townhome
Air Conditioning
26
$1,645
780 Woodlawn St
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
12
$1,020 - 1,510
Island Park And Harbor Town Square
1440 Island Park Drive Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Townhome
Section 8
36
$1,850
2 Ge Patterson Ave Unit 215
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
Dishwasher
20
$1,695
505 Tennessee St #127
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Surface Parking
Storage
1
$1,600
854 Woodlawn St
Memphis, TN
4 BR | Dec. 31, 2024
Contact
House
0
$813
The Drew - 1060 Merriwether Avenue
1060 Merriwether Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
1
$1,850
Downtown Beautiful 2 Bedroom/2 Bath Condominium Now Available
580 S Main St #304 Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Dishwasher
South Forum
0
$700
Cozy 1 Bedroom Home!!
829 Dunlap Cir Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
0
$739
The Drew - 1070 Merriwether Avenue
1070 Merriwether Ave Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
9
$1,300
Move-in Special - 1/2 Off First Month's Rent!
678 Tate Ave Memphis, TN
4 BR | Available Now
Contact
House
Air Conditioning
Disability Access
$695
1022 N 2nd
Memphis, TN
1 BR | Jan. 2, 2025
Contact
0
$600
Cozy 1 Bedroom
863 Dunlap St Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
6
3D Tour
$1,100 - 1,550
South Bluffs Apartments
4.0
4 Riverview Drive W Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Short-term
1
$950
Schedule Today To See This Midtown 1 Bedroom Newly Renovated Apartment - Move In Ready!
525 N Waldran Blvd Unit 2 Memphis, TN
1 BR | Available Now
Contact
1
$950
Schedule Today To See This Midtown 1 Bedroom Newly Renovated Apartment - Move In Ready!
525 N Waldran Blvd Unit 4 Memphis, TN
1 BR | Available Now
Contact
0
$1,075
Move In Ready - Newly Renovated Apartment Near Zoo
1099 N Parkway Ave Unit 1 Memphis, TN
2 BR | Available Now
Contact
1
$1,025
Schedule Today To See This Midtown Apartment -location, Location, Location! -newly Renovated Near Zoo
1099 N Parkway Ave Unit 3 Memphis, TN
2 BR | Available Now
Contact
13
3D Tour
$885 - 1,590
South Line
4.5
676 S Front St Memphis, TN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
In Unit Laundry
1
$650
Very Cute Duplex In N. Memphis
847 Ayers St Memphis, TN
1 BR | Available Now
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House
31 - 60 of 116 Results
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Frequently Asked Questions

How many apartments are available in Downtown Memphis on Rentable.co?

Rentable.co has over 117 apartments available near Downtown Memphis.

What is the average rent for a studio apartment in Downtown Memphis?

The average rent for a studio apartment near Downtown Memphis is around $885 per month.

What is the average rent for a one-bedroom apartment in Downtown Memphis?

The average rent for a one-bedroom apartment near Downtown Memphis is around $1,124 per month.

What is the average rent for a two-bedroom apartment in Downtown Memphis?

The average rent for a two-bedroom apartment near Downtown Memphis is around $1,291 per month.

How many apartments are available in Memphis, TN on Rentable.co?

Rentable.co has over 19,816 apartments available in Memphis.

What is the average rent for a studio apartment in Memphis, TN?

The average rent for a studio apartment in Memphis is around $1,130 per month.

What is the average rent for a one-bedroom apartment in Memphis, TN?

The average rent for a one-bedroom apartment in Memphis is around $1,000 per month.

What is the average rent for a two-bedroom apartment in Memphis, TN?

The average rent for a two-bedroom apartment in Memphis is around $1,200 per month.

How expensive is it to rent an apartment in Memphis, TN?

For a two-bedroom apartment in Memphis, the average rent price is $1,200 per month, which is lower than the national average of $1,600 per month.

Can I afford an apartment for rent in Memphis, TN?

Based on average rent prices in Memphis, to afford a studio apartment you would need an annual household income of $45,000 to live comfortably.

Downtown Memphis Neighborhood Summary

Memphis is a great city with lots of great neighborhoods to live in and fun places to hang out. And the heart of the city is downtown. Central Memphis is filled with some spectacular bars, restaurants, and shops. You can also enjoy the wonderful music and arts scene here, as well.

Memphis:
December Rent Report

Welcome to the December 2024 Memphis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2024 key findings and figures for the Memphis rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Memphis and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Memphis average rent prices in the chart below.

Monthly Rent Report

$1,250
$940
$630
$310
$0
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
1 BR       2 BR

Memphis Rent Prices Increase From November to December

Memphis rent prices increased over the last month. From November to December, the city experienced a 2.36% increase for the price of a one-bedroom apartment. The rent price for a Memphis one-bedroom apartments currently stands at $1,039.0.

When we take a look at the two-bedroom comparison from November to December, Memphis experienced a 1.93% increase for the price of a two-bedroom apartment. The rent price for a Memphis two-bedroom apartments currently stands at $1,159.0.

December Prices: Memphis vs. Surrounding Areas

Germantown, TN
Cordova, TN
Southaven, MS
Collierville, TN
Horn Lake, MS
Memphis, TN
Marion, AR
$1,579
$1,402
$1,368
$1,368
$1,340
$1,015
$825
$0
$550
$1,100
$1,650
$2,200
Median 1 BR Rent

Rent Prices in Memphis and Surrounding Areas

Rent prices have increased in Memphis over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 2 of the Memphis suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Southaven, MS, Germantown, TN .

  • Rent decreased in Cordova, TN, Horn Lake, MS, Collierville, TN, Marion, AR.

  • 5 suburbs are currently priced higher than the city of Memphis.

  • 1 suburb is currently priced lower than the city of Memphis.

December 2024 Pricing Trends: Memphis vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
Memphis, TN
$4,134
$3,160
$2,389
$2,353
$1,914
$1,318
$1,255
$1,234
$1,015
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Memphis Rent Prices More Affordable Than Major Cities

Rent growth in Memphis over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Memphis average rent prices appear to be relatively affordable for local residents.

The price for a Memphis one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Memphis and surrounding area rent prices, take a look at the complete data set below.

Data set for Memphis and suburbs

1 BR December 1 BR M/M % Change 2 BR December 2 BR M/M % Change
Memphis, TN $1,015.0 1.91% $1,137.0 1.70%
Cordova, TN $1,402.0 -0.43% $1,580.0 -0.63%
Southaven, MS $1,368.0 6.29% $1,463.0 3.83%
Horn Lake, MS $1,340.0 -0.52% $1,450.0 -0.27%
Collierville, TN $1,368.0 -0.65% $1,627.0 -0.43%
Marion, AR $825.0 0.00% $1,046.0 -1.23%
Germantown, TN $1,579.0 0.51% $1,778.0 -4.61%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.

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