The Cotton & Merchants' Exchange Building (circa 1910) is a historic Memphis landmark that has been thoughtfully preserved during its adaptive re-use into a vibrant residential community. Soaring 19 stories above the mighty Mississippi, its elegantly arched windows and marble-mosaic floors evoke timeless grandeur and historic soul; a standing reminder of its storied past. Located in the heart of downtown Memphis, with a Walk Score of 94, every amenity is within effortless reach - public transit at the doorstep, Court Square Park just outside, and vibrant restaurants and shops steps away. This rare blend of historic elegance and modern convenience is ideal for students, medical professionals, relocating employees, and extended-stay assignments. Discover its unique character - and become part of Memphis history at the Exchange.

Income restricted
Apartment building
1-2 beds
Pet-friendly
Available units
Price may not include required fees and charges.
Unit , sortable column | Sqft, sortable column | Available, sortable column | Base rent, sorted ascending |
|---|---|---|---|
![]() 1BR 1 bd, 1 ba | 500 | Now | $900+ |
![]() 2BR 2 bd, 1 ba | 768 | Now | $1,200+ |
What's special
Elegantly arched windowsMarble-mosaic floors
Office hours
| Day | Open hours |
|---|---|
| Mon - Fri: | 9 am - 5 pm |
| Sat: | By appointment only |
| Sun: | By appointment only |
Facts, features & policies
Policies
Lease terms
- Flexible
- Less than 1 year
- One year
Pet essentials
- Small dogsAllowed
- CatsAllowed
- Large dogsLarge dogs are not allowed
Utilities included in rent
- Garbage
- Internet
- Sewer
- Water
- Hot water
Neighborhood: Downtown
Areas of interest
Use our interactive map to explore the neighborhood and see how it matches your interests.
Travel times
Walk, Transit & Bike Scores
Walk Score®
/ 100
Walker's ParadiseTransit Score®
/ 100
Good TransitBike Score®
/ 100
Very BikeableNearby schools in Memphis
Downtown Elementary School
Grades PK-5 • 0.3 miles2/10
GreatSchools® Rating
Test Score Rating
2/10Student Progress Rating
2/10Manassas High School
Grades 9-12 • 2.1 miles3/10
GreatSchools® Rating
Test Score Rating
1/10College Readiness Rating
2/10Student Progress Rating
5/10Nearby apartments for rent
Listing order may reflect relevance, quality, and paid promotion.
Similar apartments for rent
Frequently asked questions
What is the walk score of Merchants' & Cotton Exchange Apartments?
Merchants' & Cotton Exchange Apartments has a walk score of 95, it's a walker's paradise.
What is the transit score of Merchants' & Cotton Exchange Apartments?
Merchants' & Cotton Exchange Apartments has a transit score of 52, it has good transit.
What schools are assigned to Merchants' & Cotton Exchange Apartments?
The schools assigned to Merchants' & Cotton Exchange Apartments include Downtown Elementary School and Manassas High School.
What neighborhood is Merchants' & Cotton Exchange Apartments in?
Merchants' & Cotton Exchange Apartments is in the Downtown neighborhood in Memphis, TN.
What are Merchants' & Cotton Exchange Apartments's policies on pets?
Large dogs are not allowed.
This is an income restricted property
This property offers housing at affordable prices. Renters or households must meet income requirements, and the property manager may have additional eligibility criteria.




















