Cheap Apartments for Rent in the Mid-Second Neighborhood of Memphis, TN from $500 (52 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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Affordable Memphis: The Best Neighborhoods with Character and Lower Rents

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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
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Forum Flats
1 to 3 Bedroom Apartments

Forum Flats

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

Patterson Flats

259 E Butler AveMemphis, TN 38126
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Jefferson Place
1 to 2 Bedroom Apartments

Jefferson Place

560 S Jefferson PlMemphis, TN 38105
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Hope Heights Tower
Studio to 2 Bedroom Apartments

Hope Heights Tower

383 Madison AveMemphis, TN 38103
Senior Living
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Main Street Flats
Studio to 2 Bedroom Apartments

Main Street Flats

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

Cornerstone Flats

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

Van Vleet Flats

122 Gayoso AveMemphis, TN 38103
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Lowenstein
1 to 2 Bedroom Apartments

Lowenstein

66 N Main StMemphis, TN 38103
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Showing Results 1-50, Page 1 of 2

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. Uptown Square Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $760. 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
Uptown Square ApartmentsStudio - HandicappedStudio,1BA$760
Owens Place Townhomes1 Bed Flat1BR,1BA$760
Edison ParkOne Bedroom High-RiseStudio,1BA$765
Helix at the District1 Bedroom 1 Bathroom1BR,1BA$860
Indigo RiverviewEmoryStudio,1BA$877
Linden Yards ApartmentsTwo Bedroom2BR,1BA$880
Printer's Alley LoftsPAL-A21BR,1BA$900
Exchange Building1 Bedroom Small1BR,1BA$925
The ChiscaA1r1BR,1BA$927

Best Value Apartments for Rent in Mid-Second, TN

As of December 23, 2025 the best value apartment in the Mid-Second 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 Mid-Second 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 Mid-Second 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
Museum LoftsThe Delta1BR,1BA$1.42
2nd Street Flats22A602BR,2BA$1.39
Patterson Flats1-A Type B1BR,1BA$1.27
Lofts at Merchant RowFloor Plan E1BR,1BA$1.42
Owens Place Townhomes1 Bed Flat1BR,1BA$1.10
Forum Flats1-C Type B-60%1BR,1BA$1.41
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

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.

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Pet Friendly Lifestyle
Mid-Second, Memphis, TN

Ranked #22

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 a cheap apartment in Mid-Second?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Mid-Second is under $927.

What is the price of a cheap apartment in Mid-Second?

The cheapest apartment in Mid-Second is Owens Place Townhomes which is listed at $760, while the average apartment in Mid-Second costs $2,315.

What types of apartments are the cheapest in Mid-Second?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 75 regular apartments in Mid-Second that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Mid-Second?

Cheap apartments in Mid-Second have an average cost of $398 which is $1,917 cheaper than the average rent for all rentals in Mid-Second.

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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Affordable Memphis: The Best Lower Priced Neighborhoods with Character

Written by: Joshua Carlucci

I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!