
Cheap Homes for Rent in Medical District Memphis, TN from $800 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Medical District area of Memphis.


1450 Peabody Ave
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.

1386 Court Ave

336 S Dudley St
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.

276 Garland St
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 | $1,185 | $955 | $1,490 |
| Medical District 3 Bedroom Homes for Rent | $1,572 | $1,175 | $1,775 |
| Medical District 4 Bedroom Homes for Rent | $1,743 | $1,050 | $2,490 |
| Medical District 5 Bedroom Homes for Rent | $1,250 | $1,250 | $1,250 |
Browse Homes for Rent in this Neighborhood
There are currently 5 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 Uptown Square Apartments priced from $760. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Uptown Square Apartments | Studio - Handicapped | Studio,1BA | $760 |
| Edison Park | One Bedroom High-Rise | Studio,1BA | $765 |
| The Pulse Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $779 |
Best Value Apartments for Rent in Medical District, TN
As of February 22, 2026 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 |
| Central Gardens | Two Bedroom One Bath | 2BR,1BA | $1.12 |
| Courtyard @ 1460 Monroe | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.04 |
| Peabody Station Apartments | 2BR/1.0BA | 2BR,1BA | $1.35 |
| The Drew | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.14 |
| Overton Place | 1 Bedroom Gardens II | 1BR,1BA | $1.23 |
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 ArticleDon'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.
Pet Friendly LifestyleMedical District, Memphis, TN
Ranked #33
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Medical District
What type of rentals are currently available in Medical District?
There are currently 234 Apartments for Rent in Medical District, TN with pricing that ranges from $525 to $2,495. There are also 25 Single Family Homes for rent, Condos, and Townhome rentals currently available in Medical District ranging from $895 to $2,490.
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 $895 to $2,490 with an average monthly rent of $1,355.
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 $1,175 to $1,775. 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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.