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Apartments in Downtown Memphis

61 - 90 of 116 Results
20
$1,025 - 1,299
Eleven60 Apartments
1160 Jefferson Ave Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
0
$950
Peabody Village: Your Gateway To Comfort And Convenience
336 S Dudley St Memphis, TN
2 BR | Available Now
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Dishwasher
0
$895
Peabody Village: Your Gateway To Comfort And Convenience
972 Peabody Ave Memphis, TN
2 BR | Available Now
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Dishwasher
0
$895
Peabody Village: Your Gateway To Comfort And Convenience
972 Peabody Ave Memphis, TN
2 BR | Available Now
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Dishwasher
0
$895 - 950
972-336 Peabody/S Dudley
Memphis, TN
2 BR | Available Now
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2
$545
549 Wells Ave
Memphis, TN
2 BR | Ask for Availability
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18
$2,495
57 W Georgia Ave Apt 304
Memphis, TN
2 BR | Ask for Availability
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House
14
$1,250
731 Breedlove St
Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
17
$100 - 350
City View Towers - Seniors 62 & Older
256 S Camilla St Memphis, TN
1 BR | Available Now
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Heat Included
Senior Community
Income Restricted
Air Conditioning
Surface Parking
12
$1,375 - 1,450
South Junction Apartments
Deal
4.2
9 East Carolina Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Balcony/Deck/Patio
5
$905 - 1,055
Riverset Apartment Homes
100 Riverset Lane Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Balcony/Deck/Patio
1
$745
410/412 N Bellevue Blvd
Memphis, TN
1 BR | Available Now
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Storage
44
$1,227 - 4,020
Bristol On Union Apartment Homes
205 Pasadena Pl Memphis, TN
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
In Unit Laundry
Fitness Center
Dishwasher
10
$1,800
2bd/2ba Condo Located Downtown! Rent Special: 1 Month Free For A 13 Month Lease
731 Litty Ct Unit 203 Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Disability Access
Pool
15
$1,255 - 1,856
University Place Apartments
1045 E.h. Crump Blvd Memphis, TN
1 - 3 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Luxury
Townhome
Air Conditioning
14
$2,700
143 Isle Creek Dr
Memphis, TN
4 BR | Available Now
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House
Storage
Dishwasher
Mud Island
$500
911 Kney
Memphis, TN
2 BR | Available Now
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House
Storage
1
$1,395
December Move-in Special! 1/2 Off First Month's Rent!
350 Malvern St Memphis, TN
2 BR | Available Now
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House
Air Conditioning
Dishwasher
22
$675
Newly Renovated 1-bedroom Downtown!
290 S Waldran Blvd Memphis, TN
2 BR | Ask for Availability
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0
$1,200
Midtown High Rise Apartment Available Now
1271 Poplar Ave Memphis, TN
1 BR | Available Now
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10
$1,250
1271 Poplar Ave Ste 1204
Memphis, TN
1 BR | Available Now
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Heat Included
Dog Friendly
Cat Friendly
House
Storage
1
$1,100
Spacious 3 Bedroom Brick Home Now Available! ~ Rent Special $500 Towards Move-in Costs If Lease Signed By Dec 15!
1012 Ayers St Memphis, TN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$1,000
1931MIGNON
Memphis, TN
2 BR | Available Now
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17
$695
Newly Renovated 2-bedroom Apartment!
302 S Waldran Blvd Memphis, TN
2 BR | Ask for Availability
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6
$675
Apartments For Rent In Crosstown!
1177 Linden Ave Apt 1 Memphis, TN
1 BR | Ask for Availability
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1
$1,050
Peabody Station Apartments
1170 Peabody Ave Memphis, TN
2 BR | Available Now
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Dog Friendly
Cat Friendly
8
$916 - 1,099
Senior Living At University Place Apartments
600 S. Sommerville Street Memphis, TN
1 - 2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Fitness Center
3
$425
The Peach Apartments
1330 Peach Ave Memphis, TN
1 BR | Available Now
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1
$600
1302 Court Ave
Memphis, TN
Studio | Jan. 17, 2025
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Storage
Disability Access
1
$600
1304 Court Ave
Memphis, TN
Studio | Jan. 17, 2025
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Storage
Disability Access
61 - 90 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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