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Apartments for Rent in Downtown Memphis, Memphis, TN

469 Rentals Available
Apartments for Rent in Downtown Memphis, Memphis, TN. 469 Rentals Available
  • a living room with a kitchen and a couch and a table
    Today

    7 Vance Ave, Memphis, TN 38103
    STUDIO $1,420+
    1 BED $1,500+
    2 BEDS $2,615+
  • a bouquet of roses on a counter in a kitchen
    Today

    80 Virginia Avenue, West, Memphis, TN 38106
    STUDIO $952
    1 BED $1,507
    2 BEDS $1,650
  • a living room with couches and a bed in a room with a large window
    Today

    110 Barboro Alley, Memphis, TN 38103
    STUDIO $969+
    1 BED $1,254+
  • a large living room with couches and chairs and a rug
    Today

    67 Madison Ave., Memphis, TN 38103
    STUDIO $1,312+
    1 BED $1,653+
    2 BEDS $2,263+
  • a living room with two couches and a coffee table
    Today

    266 South Front Street, Memphis, TN 38103
    STUDIO Ask for Pricing
    1 BED $950+
    2 BEDS $1,650
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  • a living room with leather furniture and large windows
    Today

    One Dr. Martin Luther King Jr. Ave, Memphis, TN 38103
    STUDIO $1,240
    1 BED $1,725+
    2 BEDS $2,750+
  • a living room with two couches and a coffee table
    Today

    266 South Front Street, Memphis, TN 38103
    1 BED $1,150+
    2 BEDS Ask for Pricing
  • a living room with couches and chairs and a table
    Today

    70 S 4Th St., Memphis, TN 38103
    STUDIO $974+
    1 BED $1,021+
    2 BEDS $1,535+
  • a large building on the corner of a city street
    Today

    50 Peabody Place, Memphis, TN 38103
    STUDIO Ask for Pricing
    1 BED $1,290+
    2 BEDS $1,840+
  • a living room with a couch and chairs and a table
    Today

    420 Monroe Avenue, Memphis, TN 38103
    STUDIO $1,208+
    1 BED $1,849+
    2 BEDS $2,275+
  • a city street with cars and buildings and a mural on the side
    Today

    267 S. Main St., Memphis, TN 38103
    STUDIO $1,100+
    1 BED $1,100
    2 BEDS $1,300
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  • a living room with couches and a rug
    Today

    130 S Front Street, Memphis, TN 38103
    STUDIO Ask for Pricing
    1 BED $1,210
    2 BEDS $1,660
  • a living room with two couches and a coffee table
    Today

    60 S Main Street, Memphis, TN 38103
    STUDIO Ask for Pricing
    1 BED $999+
    2 BEDS $1,299+
  • a view of the kitchen from the living room
    Today

    125 Gayoso Ave, Memphis, TN 38103
    STUDIO $1,175+
    1 BED $1,445+
    2 BEDS $2,025
  • a living room with a couch and a coffee table
    Today

    410 South Danny Thomas Blvd, Memphis, TN 38126
    Income Restricted
    1 BED $1,076
    2 BEDS $980+
    3 BEDS $1,380
  • a living room with a door to a bathroom and a toilet
    Today

    1081 Court Ave, Memphis, TN 38104
    1 BED $907

  • More Rentals Near Downtown Memphis, Memphis, TN

  • a living room with couches and chairs and a tv
    Today

    252 North Lauderdale, Memphis, TN 38105
    STUDIO $720
    1 BED $805
    2 BEDS $1,000
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  • a living room with a fireplace and a table and chairs
    Today

    1045 East EH Crump Blvd, Memphis, TN 38104-8421
    Income Restricted
    1 BED $1,147+
    2 BEDS $1,230+
    3 BEDS $1,627+
  • a living room with a couch and a table
    Today

    1045 E.H. Crump Blvd, Memphis, TN 38104
    Income Restricted
    1 BED $1,147+
    2 BEDS $1,230+
    3 BEDS $1,627+
  • a kitchen with stainless steel appliances and wooden cabinets
    Today

    198 North Pauline Street, Memphis, TN 38105-4000
    Income Restricted
    1 BED $1,245
    2 BEDS $1,611+
  • a kitchen with white appliances and black counter tops and wooden cabinets
    Today

    198 North Pauline Street, Memphis, TN 38105-4000
    Income Restricted
    1 BED $1,124+
    2 BEDS $1,218+
    3 BEDS Ask for Pricing
  • a living room with a table and chairs and a fireplace
    Today

    600 S. Sommerville Street, Memphis, TN 38104-6211
    Income Restricted
    1 BED $1,009
    2 BEDS Ask for Pricing
  • a living room with a couch and a table
    Today

    300 Grand Island Dr, Memphis, TN 38103
    1 BED $1,588+
    2 BEDS $1,976+
    3 BEDS $2,381+
  • a living room with a couch and a coffee table and a bike
    Today

    205 Pasadena Place, Memphis, TN 38104
    1 BED $1,257+
    2 BEDS $1,819+
  • a white brick building with a red door and a bench
    Today

    374 Mill Avenue, Memphis, TN 38107
    Income Restricted
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
    3 BEDS Ask for Pricing
16-9-nhood
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Downtown Memphis, Memphis, TN rent trends

Rental prices in Downtown Memphis, Memphis, TN have increased by 1.75% over the past year. The average rent moved from $1,381 to $1,405.

Check out the average rent in Memphis.

The national average price of rental apartments is $1,741, while the average monthly rent in Downtown Memphis, Memphis, TN is $1,405.

Average rent in Downtown Memphis, Memphis, TN

$1,405/mo Downtown Memphis, Memphis, TN average rental price, January 2026
Image Average Rent

The average monthly rent for an apartment in Downtown Memphis, Memphis, TN is around $1,405.

    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 5% of rentals are $2,001-$2,500. Around 52% 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 (52%) 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 25 Feb 2026.

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

    The best apartments in Downtown Memphis, Memphis, TN are: The Oliver, National Rose Co., Lofts at Union Alley, Metro67 and 266 Lofts.

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

    The average rent in Downtown Memphis, Memphis, TN is $1,431.

    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 $3,881.

    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 $907 and $5,090.

    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 $980 and $7,148.

    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 $1,380 and $3,886.

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

    In Downtown Memphis 75% of the housing is rented out compared to 25% of homes are owned, according to the most recent Census Bureau estimates. 34% of Downtown Memphis's apartments are found in large buildings of 50 units or more, 56% are located in smaller apartment complexes with less than 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 $720 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!