1111 North Pkwy
MemphisTN38105
Cheap Homes for Rent in the Medical District Memphis, TN from $600 (6 Rentals)
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$6951 Bedroom Apartments Available Now
1433 Court Ave
1433 Court AveMemphis, TN 38104
141 N Claybrook St
MemphisTN38104
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
302 Garland St
MemphisTN38104
310 Jones St
MemphisTN38105
1195 Dorothy Pl
MemphisTN38104
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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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 | $1,469 | $895 | $2,050 |
| Medical District 3 Bedroom Homes for Rent | $2,047 | $1,940 | $2,300 |
| Medical District 4 Bedroom Homes for Rent | $1,122 | $1,050 | $1,195 |
| Medical District 5 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 1 mile radius of the Medical District Neighborhood of Memphis, TN.
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Medical District, Memphis, TN Local Guide
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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 288 Leath St priced from $625. 1111 N Parkway has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here are the most affordable Medical District apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 288 Leath St | 1 Beds, 1 Baths | 1BR,1BA | $625 |
| 1111 N Parkway | 1 Beds, 1 Baths | 1BR,1BA | $675 |
| Helix at the District - Utilities Included | 1 Bedroom 1 Bathroom | 1BR,1BA | $744 |
Best Value Apartments for Rent in Medical District, TN
As of July 08, 2026 the best value apartment in the Medical District area is the $1.10 price per square foot 1 bd / 1 ba Model at 628 Madison Ave in the in the Downtown Memphis neighborhood starting from $1,100. 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. |
|---|---|---|---|
| 628 Madison Ave | 1 bd / 1 ba | 1BR,1BA | $1.10 |
| The Broadmoor Apartments | 2BR/1.0BA | 2BR,1BA | $1.05 |
| Goodbar Townhomes | 2BR/1.0BA | 2BR,1BA | $0.98 |
| Linden Yards Apartments | Two Bedroom | 2BR,1BA | $0.97 |
| Overton Place | 2 Bedroom Gardens I | 2BR,1BA | $0.92 |
| Peabody Village | 2 Beds, 1 Baths | 2BR,1BA | $1.08 |
| 1111 N Parkway | 1 Beds, 1 Baths | 1BR,1BA | $0.84 |
| Courtyard @ 1460 Monroe | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.04 |
| The Drew | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.14 |
| Merriwether | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.25 |
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.
Read ArticleReal 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.
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.
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Pet Friendly LifestyleMedical District, Memphis, TN
Ranked #39
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 243 Apartments for Rent in Medical District, TN with pricing that ranges from $525 to $2,502. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Medical District ranging from $675 to $4,500.
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 $675 to $4,500 with an average monthly rent of $2,018.
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 $1,940 to $2,300. Four Bedroom Single-Family rentals are also available starting from $1,050 and Four Bedroom Apartments start at $2,150.
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.
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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.