Cheap Apartments for Rent in the Medical District Memphis, TN from $300 (30 Rentals)

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

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.

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321 Pauline St
1 to 2 Bedroom Apartments

321 Pauline St

321 Pauline StMemphis, TN 38104
  • Utilities Included

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.

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230 Cochran St
2 Bedroom Apartments

230 Cochran St

230 Cochran StMemphis, TN 38105
  • Utilities Included
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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

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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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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Crescendo Apartments
1 to 2 Bedroom Apartments

Crescendo Apartments

1386 Court AveMemphis, TN 38104
Student Housing
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The Courts Midtown
Studio to 1 Bedroom Apartments

The Courts Midtown

1391 Court AveMemphis, TN 38104

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Peabody Village
2 Bedroom Apartments

Peabody Village

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

1058 Peabody Ave

1058 PeabodyMemphis, TN 38104

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. Uptown Square Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $760. 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
Uptown Square ApartmentsStudio - HandicappedStudio,1BA$760
Courtyard @ 1460 Monroe1 Bedroom, 1 Bathroom1BR,1BA$799
The Drew1 Bedroom 1 Bathroom1BR,1BA$800
Kimbrough TowersStudio 1 BathroomStudio,1BA$800
Edison ParkOne Bedroom Garden SouthStudio,1BA$825
Central GardensOne Bedroom One Bath Elevator1BR,1BA$825
Overton Place2 Bedroom Gardens I2BR,1BA$825
Azur Tower1 Bedroom 1 Bathroom1BR,1BA$829
The Bonsai at Central GardensStudio without Washer/DryerStudio,1BA$849

Best Value Apartments for Rent in Medical District, TN

As of December 31, 2025 the best value apartment in the Medical District area is the $1.30 price per square foot 2 Bedroom Townhouse Model at Legends Park Apartments in the in the Medical District neighborhood starting from $1,250. The second greatest value Medical District apartment is the 2BR/1.0BA Model at The Broadmoor Apartments starting at $995 with a $1.05 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.
Legends Park Apartments2 Bedroom Townhouse2BR,1.5BA$1.30
The Broadmoor Apartments2BR/1.0BA2BR,1BA$1.05
Goodbar Townhomes2BR/1.0BA2BR,1BA$1.09
Linden Yards ApartmentsTwo Bedroom2BR,1BA$0.97
1337 Vinton Ave, Unit 41337 Vinton Ave2BR,1BA$1.33
Courtyard @ 1460 Monroe1 Bedroom, 1 Bathroom1BR,1BA$1.04
Peabody Station Apartments2BR/1.0BA2BR,1BA$1.35
Edison ParkTwo Bedroom High-RiseStudio ,1BA$1.20
Overton Place1 Bedroom Victorian (Renovated)1BR,1BA$1.25
The Drew1 Bedroom 1 Bathroom1BR,1BA$1.14

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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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 #37

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

Pet Friendliness Lifestyle Score

3.0
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 the Cheapest Studio apartment in Medical District?

Currently the most affordable Cheap Studio Apartment in Medical District is at The Pulse Apartments listed at $634.

How much is rent for a Cheap One Bedroom Medical District Apartment?

The lowest price for a Cheap One Bedroom Medical District Apartment is $779 at The Pulse Apartments.

What is the lowest price for a Cheap Two Bedroom Medical District Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Medical District is starting from $825 at Overton Place.

What is the most affordable Medical District Three Bedroom Apartment?

The best deal on a cheap Medical District Three Bedroom Apartment rental is at Forum Flats and starts from $1,313.

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

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Affordable Memphis: The Best Lower Priced Neighborhoods with Character

Written by: Joshua Carlucci

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

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.