Cheap Apartments for Rent in the Medical District Memphis, TN from $300 (27 Rentals)

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

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321 Pauline St
1 to 2 Bedroom Apartments

321 Pauline St

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

230 Cochran St

230 Cochran StMemphis, TN 38105
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Peach Apartments
1 Bedroom Apartments

Peach Apartments

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

SoMa 23

23 S Pauline StMemphis, TN 38104
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Kimbrough Towers
1 to 3 Bedroom Apartments

Kimbrough Towers

172 Kimbrough PlMemphis, TN 38104
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The Drew
1 to 2 Bedroom Apartments

The Drew

1060 Merriwether AveMemphis, TN 38105
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The Courts Midtown
Studio to 1 Bedroom Apartments

The Courts Midtown

1391 Court AveMemphis, TN 38104
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Caprice
2 Bedroom Apartments

Caprice

1259 Harbert AveMemphis, TN 38104
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Pontotoc Gardens
3 Bedroom Apartments

Pontotoc Gardens

537-539 Pontotoc AveMemphis, TN 38126
Showing Results 1-27, Page 1 of 1

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 Overton Place priced from $725. Edison Park has the second lowest priced unit, which is a Studio apartment currently listed from $765. Here are the most affordable Medical District apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Overton PlaceStudioStudio,1BA$725
Edison ParkOne Bedroom High-RiseStudio,1BA$765
Central GardensStudio One Bath1BR,1BA$775
PulseA11BR,1BA$779
The Courtyard at Monroe1 Bed 1 Bath1BR,1BA$799
Azur Tower1 Bedroom 1 Bathroom1BR,1BA$800
Kimbrough TowersA21BR,1BA$800
The Drew1 Bedroom 1 Bathroom1BR,1BA$800
The Courts MidtownThe Evergreen with W/DStudio,1BA$815
Helix at the District1S1BR,1BA$860

Best Value Apartments for Rent in Medical District, TN

As of June 27, 2025 the best value apartment in the Medical District area is the $1.04 price per square foot 2 Bedroom 2 Bathroom 2C Type B PBV Model at Forum Flats in the in the Downtown Memphis neighborhood starting from $1,140. The second greatest value Medical District apartment is the 2 bd / 2 ba Model at 628 Madison Ave starting at $1,350 with a $1.35 price per square foot in the Downtown Memphis 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.
Forum Flats2 Bedroom 2 Bathroom 2C Type B PBV2BR,2BA$1.04
628 Madison Ave2 bd / 2 ba2BR,2BA$1.35
Broadmoor Apartments2 Beds, 1 Baths2BR,1BA$1.15
Linden Yards ApartmentsTwo Bedroom2BR,1BA$0.97
Peabody Village2 Beds, 1 Baths2BR,1BA$1.08
The Drew1 Bedroom 1 Bathroom1BR,1BA$1.14
Legends Park Apartments1 Bedroom Tax Credit***1BR,1BA$1.38
Azur Tower1 Bedroom 1 Bathroom1BR,1BA$1.40
The Courtyard at Monroe1 Bed 1 Bath1BR,1BA$1.26
Overton PlaceStudioStudio ,1BA$1.42

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.

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Pet Friendly Lifestyle
Medical District, Memphis, TN

Ranked #31

Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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!

Getting Around the Medical District Neighborhood in Memphis, TN

Walk Score®

74 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

72 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

44 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $860.

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

The cheapest apartment in Medical District is Central Gardens which is listed at $775, while the average apartment in Medical District costs $17,030.

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 33 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 $230 which is $16,800 cheaper than the average rent for all rentals in Medical District.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.