Cheap Apartments for Rent in the Medical District Memphis, TN from $300 (53 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Medical District area of Memphis.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Read Article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Read Article
close
View Me
321 Pauline St
1 to 2 Bedroom Apartments

321 Pauline St

321 Pauline StMemphis, TN 38104
  • Utilities Included
close
View Me
230 Cochran St
2 Bedroom Apartments

230 Cochran St

230 Cochran StMemphis, TN 38105
  • Utilities Included
close
View Me
Peach Apartments
1 Bedroom Apartments

Peach Apartments

1330 Peach AveMemphis, TN 38104
close
View Me
SoMa 23
Studio to 2 Bedroom Apartments

SoMa 23

23 S Pauline StMemphis, TN 38104
close
View Me
Merriwether
1 Bedroom Apartments

Merriwether

1095 Merriwether AveMemphis, TN 38105

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article
close
View Me
The Vinton
2 Bedroom Apartments

The Vinton

1307 Vinton AveMemphis, TN 38104
close
View Me
Caprice
2 Bedroom Apartments

Caprice

1259 Harbert AveMemphis, TN 38104
close
View Me
Pontotoc Gardens
3 Bedroom Apartments

Pontotoc Gardens

537-539 Pontotoc AveMemphis, TN 38126
close
View Me
32 Claybrook
1 Bedroom Apartments

32 Claybrook

32 N Claybrook StMemphis, TN 38104

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article
close
View Me
The Courts Midtown
Studio to 1 Bedroom Apartments

The Courts Midtown

1391 Court AveMemphis, TN 38104
close
View Me
Crescendo Apartments
1 to 2 Bedroom Apartments

Crescendo Apartments

1386 Court AveMemphis, TN 38104
Student Housing
close
View Me
Peabody Village
2 Bedroom Apartments

Peabody Village

972 Peabody AveMemphis, TN 38104
close
View Me
1058 Peabody Ave
1 to 3 Bedroom Apartments

1058 Peabody Ave

1058 PeabodyMemphis, TN 38104
close
View Me
1319 Harbert Ave
Studio to 1 Bedroom Apartments

1319 Harbert Ave

1319 Harbert AveMemphis, TN 38104
close
View Me
Forum Flats
1 to 3 Bedroom Apartments

Forum Flats

441 E Pontotoc AveMemphis, TN 38126
  • Utilities Included
close
View Me
Jefferson Place
1 to 2 Bedroom Apartments

Jefferson Place

560 S Jefferson PlMemphis, TN 38105
  • Utilities Included
close
View Me
Hope Heights Tower
Studio to 2 Bedroom Apartments

Hope Heights Tower

383 Madison AveMemphis, TN 38103
Senior Living
  • Utilities Included

Affordable Memphis: The Best Neighborhoods with Character and Lower Rents

Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.

Read Article
Showing Results 1-50, Page 1 of 2

Medical District, Memphis, TN Local Guide

Cheapest Available Medical District Apartments for Rent

 

The cheapest available apartment rental in the Medical District area of Memphis, TN is a Studio unit found at The Pulse Apartments priced from $634. Overton Place has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Medical District apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
The Pulse ApartmentsStudio 1 BathroomStudio,1BA$634
Overton PlaceStudioStudio,1BA$725
Kimbrough Tower ApartmentsStudio 1 BathroomStudio,1BA$750
Merriwether1 Bedroom, 1 Bathroom1BR,1BA$750
Uptown Square ApartmentsStudio - HandicappedStudio,1BA$760
Edison ParkOne Bedroom High-RiseStudio,1BA$765
Central GardensStudio One Bath1BR,1BA$775
The Drew1 Bedroom 1 Bathroom1BR,1BA$800
The Bonsai at Central GardensStudio without Washer/DryerStudio,1BA$849
The Courts MidtownThe Evergreen with W/DStudio,1BA$859

Best Value Apartments for Rent in Medical District, TN

As of May 19, 2026 the best value apartment in the Medical District area is the $0.90 price per square foot 2BR/1.0BA Model at The Broadmoor Apartments in the in the Medical District neighborhood starting from $995. The second greatest value Medical District apartment is the 2 Bedroom 1 Bathroom Model at Azur Tower starting at $1,025 with a $1.03 price per square foot in the Medical District neighborhood. Here is today’s list of the best values for Medical District apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Broadmoor Apartments2BR/1.0BA2BR,1BA$0.90
Azur Tower2 Bedroom 1 Bathroom2BR,1BA$1.03
628 Madison Ave1 bd / 1 ba1BR,1BA$1.10
Legends Park Apartments2 Bedroom Townhouse2BR,1.5BA$1.30
Goodbar Townhomes2BR/1.0BA2BR,1BA$1.04
Linden Yards ApartmentsTwo Bedroom2BR,1BA$0.97
Deauville Apartments2 Beds, 1 bath2BR,1BA$1.41
Peabody Station Apartments2BR/1.0BA2BR,1BA$1.30
The Drew1 Bedroom 1 Bathroom1BR,1BA$1.14
Merriwether1 Bedroom, 1 Bathroom1BR,1BA$1.25

College Life in Memphis: Affordable Neighborhoods Where Students Rent and Thrive

Where do Memphis students actually live? Our local expert reveals the best affordable neighborhoods to rent near U of M, Rhodes, and CBU. Get local tips & save on rent!

Read Article
Decorative image

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
Decorative image

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Medical District, Memphis, TN

Ranked #38

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

decorative image of woman handing cat to small boy

Lifestyle Ratings

Our team compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities and towns across the United States, including Memphis. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, transit availability, pet-friendly communities, features that make it easier to raise kids, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Medical District Apartments

What is a cheap apartment in Medical District?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Medical District is under $859.

What is the price of a cheap apartment in Medical District?

The cheapest apartment in Medical District is Merriwether which is listed at $750, while the average apartment in Medical District costs $2,225.

What types of apartments are the cheapest in Medical District?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 244 regular apartments in Medical District that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Medical District?

Cheap apartments in Medical District have an average cost of $569 which is $1,656 cheaper than the average rent for all rentals in Medical District.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for Affordable Memphis: The Best Lower Priced Neighborhoods with Character article

Affordable Memphis: The Best Lower Priced Neighborhoods with Character

Written by: Joshua Carlucci

I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.