306 S Lauderdale St
MemphisTN38126
Cheap Homes for Rent in Medical District Memphis, TN from $500 (1 Rental)
Search the lowest-cost Homes 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.
Showing Results 1-1, Page 1 of 1
Medical District, Memphis, TN Local Guide
How much does it cost to rent a home in Medical District?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Medical District 2 Bedroom Homes for Rent | $1,575 | $1,150 | $2,000 |
| Medical District 3 Bedroom Homes for Rent | $1,839 | $1,550 | $2,495 |
| Medical District 4 Bedroom Homes for Rent | $1,770 | $1,050 | $2,490 |
| Medical District 5 Bedroom Homes for Rent | $1,250 | $1,250 | $1,250 |
Explore Memphis
Medical District, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Legends Park Apartments | 2 Bedroom Townhouse | 2BR,1.5BA | $1.30 |
| The Broadmoor Apartments | 2BR/1.0BA | 2BR,1BA | $1.05 |
| Goodbar Townhomes | 2BR/1.0BA | 2BR,1BA | $1.09 |
| Linden Yards Apartments | Two Bedroom | 2BR,1BA | $0.97 |
| 1337 Vinton Ave, Unit 4 | 1337 Vinton Ave | 2BR,1BA | $1.33 |
| Courtyard @ 1460 Monroe | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.04 |
| Peabody Station Apartments | 2BR/1.0BA | 2BR,1BA | $1.35 |
| Edison Park | Two Bedroom High-Rise | Studio ,1BA | $1.20 |
| Overton Place | 1 Bedroom Victorian (Renovated) | 1BR,1BA | $1.25 |
| The Drew | 1 Bedroom 1 Bathroom | 1BR,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!
Read Article
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 ArticleThe 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.
Read ArticleCash 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 ArticleQuick 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.
Let everyone know!
Do you know the Medical District area?
If you’re an expert on all things Medical District, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleMedical District, Memphis, TN
Ranked #37
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Medical District
What type of rentals are currently available in Medical District?
There are currently 233 Apartments for Rent in Medical District, TN with pricing that ranges from $525 to $2,464. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Medical District ranging from $550 to $2,495.
What is the current price range for Rental Homes in Medical District?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Medical District ranges from $550 to $2,495 with an average monthly rent of $1,459.
How much are larger Three and Four Bedroom Rentals in Medical District?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Medical District range from $1,400 to $2,390, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,550 to $2,495. Four Bedroom Single-Family rentals are also available starting from $1,050 and Four Bedroom Apartments start at $2,100.
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
Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
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.
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.
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.