Cheap Homes for Rent in Medical District Memphis, TN from $800 (11 Rentals)

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

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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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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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
Azur Tower1 Bedroom 1 Bathroom1BR,1BA$775
PulseA11BR,1BA$779

Best Value Apartments for Rent in Medical District, TN

As of July 14, 2025 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 Two Bedroom Model at Linden Yards Apartments starting at $880 with a $0.97 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.
628 Madison Ave2 bd / 2 ba2BR,2BA$1.35
Linden Yards ApartmentsTwo Bedroom2BR,1BA$0.97
1058 Peabody Ave1058 Peabody Ave - 121BR,1BA$1.04
Peabody Village2 Beds, 1 Baths2BR,1BA$1.08
Goodbar Townhomes2 Beds, 1 Baths2BR,1BA$1.46
The Drew1 Bedroom 1 Bathroom1BR,1BA$1.14
Legends Park Apartments1 Bedroom Tax Credit***1BR,1BA$1.38
Uptown Square Apartments2 Bedroom - Elvis Building2BR,1BA$1.45
Forum Flats1 Bedroom 1 Bathroom 1-C Type B-60%1BR,1BA$1.41
Overton PlaceStudioStudio ,1BA$1.42

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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 $13,440. There are also 25 Single Family Homes for rent, Condos, and Townhome rentals currently available in Medical District ranging from $800 to $3,490.

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 $800 to $3,490 with an average monthly rent of $1,930.

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 $1,295 to $2,295, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,095 to $2,650. Four Bedroom Single-Family rentals are also available starting from $2,195 and Four Bedroom Apartments start at $2,100.

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.

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

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.