1111 North Pkwy
MemphisTN38105
Cheap Homes for Rent in Medical District Memphis, TN from $600 (7 Rentals)
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$6951 Bedroom Apartments Available Now
1433 Court Ave
1433 Court AveMemphis, TN 38104
1279 Carr Ave
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.
1306 Carr Ave
MemphisTN38104
302 Garland St
MemphisTN38104
310 Jones St
MemphisTN38105
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.
1271 Poplar Ave, Unit 504, Unit 504
1271 Poplar Ave
MemphisTN38104
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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 | $1,382 | $995 | $2,050 |
| Medical District 3 Bedroom Homes for Rent | $1,721 | $1,095 | $2,200 |
| Medical District 4 Bedroom Homes for Rent | $1,095 | $1,095 | $1,095 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 7 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 Studio unit found at The Pulse Apartments priced from $634. Overton Place has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Medical District apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Pulse Apartments | Studio 1 Bathroom | Studio,1BA | $634 |
| Overton Place | Studio | Studio,1BA | $725 |
| Kimbrough Tower Apartments | Studio 1 Bathroom | Studio,1BA | $750 |
Best Value Apartments for Rent in Medical District, TN
As of May 24, 2026 the best value apartment in the Medical District area is the $1.03 price per square foot 2 Bedroom 1 Bathroom Model at Azur Tower in the in the Medical District neighborhood starting from $1,025. The second greatest value Medical District apartment is the 1 bd / 1 ba Model at 628 Madison Ave starting at $1,100 with a $1.10 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Azur Tower | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.03 |
| 628 Madison Ave | 1 bd / 1 ba | 1BR,1BA | $1.10 |
| 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 | $1.04 |
| Linden Yards Apartments | Two Bedroom | 2BR,1BA | $0.97 |
| Deauville Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.41 |
| Peabody Station Apartments | 2BR/1.0BA | 2BR,1BA | $1.25 |
| 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!
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 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 240 Apartments for Rent in Medical District, TN with pricing that ranges from $525 to $2,400. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in Medical District ranging from $675 to $2,200.
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 $2,200 with an average monthly rent of $1,214.
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 $995 to $2,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,095 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,095 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.
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.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.