| 3 BEDS | $1,380 |
| 3 BEDS | $1,627+ |
| 3 BEDS | Ask for Pricing |
| 3 BEDS | Ask for Pricing |
| 3 BEDS | Ask for Pricing |
| 3 BEDS | Ask for Pricing |
| 3 BEDS | Ask for Pricing |
| 3 BEDS | Ask for Pricing |
| 3 BEDS | Ask for Pricing |
Rental prices in Downtown Memphis, Memphis, TN have increased by 2.14% over the past year. The average rent moved from $1,493 to $1,525.
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 $1,525.
The average monthly rent for an apartment in Downtown Memphis, Memphis, TN is around $1,525.
A share of 25% of apartments in Downtown Memphis, Memphis, TN have the cheapest rents between ≤ $1000. Around 16% of rentals are $2,501-$3,000. Around 55% of Downtown Memphis's apartments have monthly rents between $1,001-$1,500. There are 4% of apartments with rents between $2,001-$2,500.
The largest share of rentals in Downtown Memphis, Memphis, TN (55%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
There are 6 3 bedroom rentals available on RentCafe. Prices and availability in Downtown Memphis, Memphis, TN were last updated on 26 Feb 2026.
The average Downtown Memphis, Memphis, TN 3 bedroom apartment size is 1,686 sq. ft.
Renting a 3 bedroom apartment offers extra space compared to a 2 bedroom apartment, suited for a family or for sharing it with someone else.
A 3 bedroom apartment is more expensive than smaller units and it usually comes with higher utility costs.
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.
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.
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.
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