Cheap Apartments for Rent in the Medical District Memphis, TN from $300 (52 Rentals)

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

Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City

Moving to the Bluff City? Get the insider’s guide on Memphis life, from specific neighborhood personalities and current average rent, to the best barbecue and live music spots.

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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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

The Local Memphis Expert's Guide to Renting Near the City's Top Employers

Memphis apartment guide from a local expert, breaking down neighborhoods, average rent, and ideal commute times near the 5 largest employers - FedEx, St. Jude, U of M, Methodist, and AutoZone.

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1111 N Parkway
1 Bedroom Apartments

1111 N Parkway

1111 N ParkwayMemphis, TN 38105
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288 Leath St
1 Bedroom Apartments

288 Leath St

288 Leath StMemphis, TN 38105
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1298 Carr
Studio to 1 Bedroom Apartments

1298 Carr

1298 Carr 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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Merriwether
1 Bedroom Apartments

Merriwether

1095 Merriwether AveMemphis, TN 38105

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.

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The Vinton
2 Bedroom Apartments

The Vinton

1307 Vinton 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
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32 Claybrook
1 Bedroom Apartments

32 Claybrook

32 N Claybrook StMemphis, TN 38104
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The Courts Midtown
Studio to 1 Bedroom Apartments

The Courts Midtown

1391 Court AveMemphis, TN 38104
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1058 Peabody Ave
1 to 3 Bedroom Apartments

1058 Peabody Ave

1058 PeabodyMemphis, TN 38104

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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 1 Bed unit found at 1111 N Parkway priced from $600. 288 Leath St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here are the most affordable Medical District apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
1111 N Parkway1 Beds, 1 Baths1BR,1BA$600
288 Leath St1 Beds, 1 Baths1BR,1BA$625
1298 Carr1BR/1.0BA1BR,1BA$650
Helix at the District - Utilities Included1 Bedroom 1 Bathroom1BR,1BA$744
Hawthorne on Adams ApartmentsHawthorne1BR,1BA$750
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

Best Value Apartments for Rent in Medical District, TN

As of August 17, 2026 the best value apartment in the Medical District area is the $1.35 price per square foot 2 bd / 2 ba Model at 628 Madison Ave in the in the Downtown Memphis neighborhood starting from $1,350. The second greatest value Medical District apartment is the 2 Bedroom Townhouse Model at Legends Park Apartments starting at $1,250 with a $1.30 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.
628 Madison Ave2 bd / 2 ba2BR,2BA$1.35
Legends Park Apartments2 Bedroom Townhouse2BR,1.5BA$1.30
Goodbar Townhomes2BR/1.0BA2BR,1BA$1.04
Linden Yards ApartmentsTwo Bedroom2BR,1BA$0.97
Peabody Village2 Beds, 1 Baths2BR,1BA$1.08
1111 N Parkway1 Beds, 1 Baths1BR,1BA$0.75
The Broadmoor Apartments1BR/1.0BA1BR,1BA$1.28
The Drew1 Bedroom 1 Bathroom1BR,1BA$1.14
Merriwether1 Bedroom, 1 Bathroom1BR,1BA$1.25
1298 Carr0BR/1.0BAStudio ,1BA$1.30

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!

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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.

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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.

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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 #33

Among cities in Tennessee 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!

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 $775.

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

The cheapest apartment in Medical District is 1111 N Parkway which is listed at $600, while the average apartment in Medical District costs $1,100.

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 90 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 $397 which is $703 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.

Helpful Local Expert Guides

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Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City

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Hello from Memphis, Tennessee. I'm Josh, your ApartmentHomeLiving.com Local Expert for Memphis, and I spent years in this city eating, writing, cooking, studying, and getting to know it block by block.

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.