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Apartments in Downtown Memphis

91 - 116 of 116 Results
29
$1,160 - 1,880
University Place Apartments
Deal
3.3
1045 East Eh Crump Blvd Memphis, TN
1 - 3 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Townhome
Air Conditioning
1
$1,145
Broadmoor Apartments
306 S Cleveland St Memphis, TN
2 BR | Jan. 17, 2025
Contact
Dog Friendly
Cat Friendly
Surface Parking
Balcony/Deck/Patio
Storage
1
$1,350
236 South Watkins
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
45
$1,457 - 2,862
Parcels at Concourse
Deal
5.0
1350 Concourse Ave Suite 750 Memphis, TN
Studio - 2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
1
$850
487 Williams
Memphis, TN
2 BR | Available Now
Contact
Disability Access
2
$750
1205 Vance
Memphis, TN
2 BR | Available Now
Contact
Storage
Dishwasher
1
$2,195
Spacious Downtown Home With 3 Floors! Vaulted Ceilings! Pets Are Owner's Approval.
1372 Island Town Dr Memphis, TN
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Storage
Disability Access
5
$1,595
Move In Special -- Charming 3-bedroom Home With Modern Touches
1331 Faxon Ave Memphis, TN
3 BR | Ask for Availability
Contact
House
Air Conditioning
13
$2,150
Spacious 2 Bd 2.5 Bath With Loft On The Island. Small Pets Allowed. Fenced In Patio Area.
282 Island Blf Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
22
$1,793 - 2,574
Parcels At Concourse
1350 Concourse Avenue, Suite 750 Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
In Unit Laundry
16
$795
1311 Snowden Ave
Memphis, TN
2 BR | Available Now
Contact
1
$2,295
Charming Island Home With Plenty Of Living Space! Pets Are Owner's Approval, Fees Apply. Owner Will Manage.
1409 Island Pl E Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$495
1386 Court Ave
Memphis, TN
1 BR | Ask for Availability
Contact
1
$900
Peabody Apartments
1261 Peabody Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
1
$850 - 1,095
1229 Vinton
1229 Vinton Ave Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
11
$1,195
1282 VINTON
Memphis, TN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
7
$1,495
Ford 1288
1288 Vinton St Memphis, TN
3 BR | Available Now
Contact
Storage
Disability Access
Dishwasher
0
$595
1294 Vinton Ave
Memphis, TN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
$1,350
1212 Dorothy Pl Unit 1212
Memphis, TN
2 BR | Available Now
Contact
Dishwasher
4
$850
1280 Harbert
Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
1
$825
Vinton Avenue Apartments
1307 Vinton Ave Memphis, TN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
5
$1,350
236 South Watkins
Memphis, TN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
$595 - 650
The Woodlands
1301 Goodbar Ave Memphis, TN
2 BR | Available Now
1
3D Tour
$1,098 - 2,100
The Marine Residence
360 Metal Museum Dr Memphis, TN
1 - 2 BR | Available Now
Contact
Heat Included
Furnished
Dog Friendly
Cat Friendly
Luxury
11
$685 - 1,005
Town House Apartment Homes
3.4
1437 Central Avenue Memphis, TN
Studio - 2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Luxury
Section 8
13
$1,399 - 1,799
The Melrose Midtown
775 Melrose St Memphis, TN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony/Deck/Patio
91 - 116 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 19,820 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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