Cheap Apartments for Rent in the Mid-Second Neighborhood of Memphis, TN from $500 (53 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Mid-Second area of Memphis.

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505 S Main St
$1,050 - $1,750
Total Monthly Price

Total Monthly Price

Base Rent
$1,050 - $1,750
Total Monthly Price
$1,050 - $1,750
1 Bedroom Apartment Available Now

505 S Main St

505 S Main StMemphis, TN 38103
Affordability
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Downtown Memphis Flats
Rent Specials
$1,050 - $1,795
Total Monthly Price

Total Monthly Price

Base Rent
$1,030 - $1,775
Required Monthly Fees
$20
Total Monthly Price
$1,050 - $1,795
1 to 2 Bedroom Apartments Contact Us For Availability

Downtown Memphis Flats

100 Gayoso AveMemphis, TN 38103
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

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The Landing Residences
Rent Specials
$1,073 - $6,292
Total Monthly Price

Total Monthly Price

Base Rent
$1,015 - $6,234
Required Monthly Fees
$58
Total Monthly Price
$1,073 - $6,292
Studio to 2 Bedroom Apartments Available Now

The Landing Residences

1 Dr Martin Luther King Jr AveMemphis, TN 38103
Student Housing
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  • Customer Reviewed
  • 3D Tour
property at 10 N Main St

$1,315 - $1,595

1 To 2 Bedroom Rentals

Available Now

10 N Main St

MemphisTN38103
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The Oliver Luxury Apartments
Rent Specials
$1,285 - $5,900
Total Monthly Price

Total Monthly Price

Base Rent
$1,153 - $5,768
Required Monthly Fees
$132
Total Monthly Price
$1,285 - $5,900
Studio to 3 Bedroom Apartments Available Now

The Oliver Luxury Apartments

7 Vance AveMemphis, TN 38103
Active Lifestyle
  • Verified
  • Customer Reviewed
  • 3D Tour
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Metro67
Rent Specials
$1,296 - $3,552
Total Monthly Price

Total Monthly Price

Base Rent
$996 - $3,252
Required Monthly Fees
$300
Total Monthly Price
$1,296 - $3,552
Studio to 3 Bedroom Apartments Available Now

Metro67

67 Madison AveMemphis, TN 38103
Furnished
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  • Customer Reviewed
  • 3D Tour

Affordable Memphis: The Best Neighborhoods with Character and Lower Rents

Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.

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Pontotoc Gardens
3 Bedroom Apartments

Pontotoc Gardens

537-539 Pontotoc AveMemphis, TN 38126
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2nd Street Flats
1 to 3 Bedroom Apartments

2nd Street Flats

362 S 2nd StMemphis, TN 38103
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W.L.
Studio to 2 Bedroom Apartments

W.L.

267 S Main StMemphis, TN 38103
  • Utilities Included
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Forum Flats
1 to 3 Bedroom Apartments

Forum Flats

441 E Pontotoc AveMemphis, TN 38126
  • Utilities Included
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Patterson Flats
1 to 3 Bedroom Apartments

Patterson Flats

259 E Butler AveMemphis, TN 38126
  • Utilities Included

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

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Jefferson Place
1 to 2 Bedroom Apartments

Jefferson Place

560 S Jefferson PlMemphis, TN 38105
  • Utilities Included
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Hope Heights Tower
Studio to 2 Bedroom Apartments

Hope Heights Tower

383 Madison AveMemphis, TN 38103
Senior Living
  • Utilities Included
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The Washburn
1 to 2 Bedroom Apartments

The Washburn

60 S Main StMemphis, TN 38103
Corporate Housing
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Annex Lofts
1 to 2 Bedroom Apartments

Annex Lofts

345 S Front StMemphis, TN 38103
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Main Street Flats
Studio to 2 Bedroom Apartments

Main Street Flats

101 S Main StMemphis, TN 38103
  • Utilities Included
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Cornerstone Flats
1 to 2 Bedroom Apartments

Cornerstone Flats

113 S Main StMemphis, TN 38103
  • Utilities Included
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Van Vleet Flats
1 to 2 Bedroom Apartments

Van Vleet Flats

122 Gayoso AveMemphis, TN 38103
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Mid-Second, Memphis, TN Local Guide

Cheapest Available Mid-Second Apartments for Rent

 

The cheapest available apartment rental in the Mid-Second area of Memphis, TN is a 2 Beds unit found at Greenlaw Apartments priced from $750. Printer's Alley Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Mid-Second apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$750
Printer's Alley LoftsPAL-A21BR,1BA$750
Uptown Square ApartmentsStudio - HandicappedStudio,1BA$760
Owens Place Townhomes1 Bed Flat1BR,1BA$760
Edison ParkOne Bedroom High-RiseStudio,1BA$765
Helix at the District - Utilities Included1 Bedroom 1 Bathroom1BR,1BA$860
Fielder SquareE2 StudioStudio,1BA$879
Linden Yards ApartmentsTwo Bedroom2BR,1BA$880
Exchange Building1 Bedroom Small1BR,1BA$925
The ChiscaA1r1BR,1BA$927

Best Value Apartments for Rent in Mid-Second, TN

As of March 02, 2026 the best value apartment in the Mid-Second area is the $1.46 price per square foot B1 Phase II Model at 266 Lofts in the in the Downtown Memphis neighborhood starting from $1,500. The second greatest value Mid-Second apartment is the 2 bd / 2 ba Model at 628 Madison Ave starting at $1,350 with a $1.35 price per square foot in the Downtown Memphis neighborhood. Here is today’s list of the best values for Mid-Second apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
266 LoftsB1 Phase II2BR,2BA$1.46
628 Madison Ave2 bd / 2 ba2BR,2BA$1.35
Linden Yards ApartmentsTwo Bedroom2BR,1BA$0.97
Number 10 MainNTM-A31BR,1BA$1.24
The WashburnWAS-A11BR,1BA$1.47
Owens Place Townhomes1 Bed Flat1BR,1BA$1.10
Forum Flats1-C Type B-60%1BR,1BA$1.41
Museum LoftsThe Stax1BR,1BA$1.50
280 Vance Flats1 Bedroom 1 Bath Unit 1A (ADA)1BR,1BA$1.44
Greenlaw Apartments2 bedroom x 1 bath2BR,1BA$1.15

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

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Pet Friendly Lifestyle
Mid-Second, Memphis, TN

Ranked #26

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Memphis. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, places that make kids happy, raising pets, transit options, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Mid-Second Apartments

What is the Cheapest Studio apartment in Mid-Second?

Currently the most affordable Cheap Studio Apartment in Mid-Second is at Uptown Square Apartments listed at $760.

How much is rent for a Cheap One Bedroom Mid-Second Apartment?

The lowest price for a Cheap One Bedroom Mid-Second Apartment is $750 at Printer's Alley Lofts.

What is the lowest price for a Cheap Two Bedroom Mid-Second Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Mid-Second is starting from $750 at Greenlaw Apartments.

What is the most affordable Mid-Second Three Bedroom Apartment?

The best deal on a cheap Mid-Second Three Bedroom Apartment rental is at Owens Place Townhomes and starts from $1,020.

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

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