South Junction Apartments
9 E Carolina Ave,
Memphis, TN 38103
$1,420 - $1,759
1-2 Beds
Area Guide
Downtown Memphis, also known as Downtown Riverside, rests along the banks of the mighty Mississippi River. Downtown Memphis is the city’s central business district, serving as an incubator for good ideas and great collaborations between established companies and rising startups.
History and entertainment abound in Downtown Mississippi, from the blues and soul clubs that line Beale Street to the powerful exhibits in the National Civil Rights Museum. The Rock n Soul Museum features interactive exhibits detailing the birth of rock and soul music while the Orpheum Theatre presents an array of musical and theatrical performances.
Downtown Memphis residents enjoy a broad range of cuisine, from down-home barbecue to Southern-inspired fine dining. The sense of community in Downtown Memphis is unparalleled, with plenty of cultural events bringing people together on a regular basis. Memphis in May celebrates the city’s heritage all month long, with numerous events like the Beale Street Music Festival and the World Championship Barbecue Cooking Contest.
As of June 2026, the average apartment rent in Downtown Memphis is $1,105 for a studio, $1,394 for one bedroom, $1,780 for two bedrooms, and $2,241 for three bedrooms. Apartment rent in Downtown Memphis has increased by 0.7% in the past year.
Studio
563 sq ft
Average Sq Ft
$1,105/month
Average Rent
1 BR
780 sq ft
Average Sq Ft
$1,394/month
Average Rent
2 BR
1,112 sq ft
Average Sq Ft
$1,780/month
Average Rent
3 BR
1,435 sq ft
Average Sq Ft
$2,241/month
Average Rent
Explore how walkable, bikeable, drivable, and transit-friendly Downtown Memphis - Memphis, TN is for everyday living.
Fairly Walkable
Walkability
Some Public Transit
Transit
Exceptionally Drivable
Drivability
Fairly Bikeable
Bikeability
Downtown Memphis - Memphis, TN offers all daily essentials, but they’re limited to a few main areas.
Supermarket Within a 10 Minute Walk
Groceries
Good Restaurant Variety Nearby
Restaurants
Good Café Variety Nearby
Cafes
Fair Variety of Shops Nearby
Shopping
Downtown Memphis - Memphis, TN provides green space and wellness resources in certain areas.
Large Amount of Park Space Nearby
Parks
Limited Wellness Amenity Variety Nearby
Wellness
Get a sense of what it’s like to live in Downtown Memphis - Memphis, TN from everyday activity to noise and nightlife.
Vibrant Atmosphere at Times
Vibrancy
Fair Nightlife Variety Nearby
Nightlife
Very Noisy
Quiet Score
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.