Cheap Apartments for Rent in the Midtown Memphis Neighborhood of Memphis, TN from $300 (85 Rentals)

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

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321 Pauline St
1 to 2 Bedroom Apartments

321 Pauline St

321 Pauline StMemphis, TN 38104
  • Utilities Included
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230 Cochran St
2 Bedroom Apartments

230 Cochran St

230 Cochran StMemphis, TN 38105
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Peach Apartments
1 Bedroom Apartments

Peach Apartments

1330 Peach AveMemphis, TN 38104

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Midtown Memphis, Memphis, TN Local Guide

Cheapest Available Midtown Memphis Apartments for Rent

 

The cheapest available apartment rental in the Midtown Memphis area of Memphis, TN is a 1 Bed unit found at 288 Leath St priced from $625. Kings Reserve Memphis has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Midtown Memphis apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
288 Leath St1 Beds, 1 Baths1BR,1BA$625
Kings Reserve MemphisPeabodyStudio,1BA$725
Overton PlaceStudio1BR,1BA$725
31 S McLean BlvdStudioStudio,1BA$725
Kimbrough Tower ApartmentsStudio 1 BathroomStudio,1BA$750
Merriwether1 Bedroom, 1 Bathroom1BR,1BA$750
Village Square2068 #21BR,1BA$750
The Pulse Apartments1 Bedroom 1 Bathroom1BR,1BA$779
Midtown PlaceSt Regis Efficiency1BR,1BA$799
Monroe Flats1 Bedroom, 1 Bathroom1BR,1BA$799

Best Value Apartments for Rent in Midtown Memphis, TN

As of June 08, 2026 the best value apartment in the Midtown Memphis area is the $0.84 price per square foot 3 Beds, 2 Baths Model at 2191 Washington Ave in the in the East Memphis neighborhood starting from $1,600. The second greatest value Midtown Memphis apartment is the 9 S Tucker St Model at 9 S Tucker St, Unit 9 S Tucker starting at $900 with a $0.60 price per square foot in the East Memphis neighborhood. Here is today’s list of the best values for Midtown Memphis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2191 Washington Ave3 Beds, 2 Baths3BR,2BA$0.84
9 S Tucker St, Unit 9 S Tucker9 S Tucker St2BR,1BA$0.60
65 N Belvedere Blvd2 Bed 2 Bath2BR,2BA$1.00
Stonewall Apartments2 Bed 1.5 Bath2BR,1.5BA$0.81
Idlewild Terrace2BR/1.0BA2BR,1BA$0.89
Urban Peddler2BR 1BA2BR,1BA$1.02
The Broadmoor Apartments2BR/1.0BA2BR,1BA$1.05
2289 Monroe Ave, Unit 22892289 Monroe Ave1BR,1BA$0.91
Parkside Poplar Apartments1 Bedroom1BR,1BA$1.02
Monroe Flats1 Bedroom, 1 Bathroom1BR,1BA$1.04

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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Real 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.

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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 Lifestyle
Midtown Memphis, Memphis, TN

Ranked #10

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

Our team compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States including Midtown Memphis, Memphis, and the greater Memphis area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, walking, and biking. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Midtown Memphis Apartments

What is a cheap apartment in Midtown Memphis?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Midtown Memphis is under $799.

What is the price of a cheap apartment in Midtown Memphis?

The cheapest apartment in Midtown Memphis is 288 Leath St which is listed at $625, while the average apartment in Midtown Memphis costs $2,050.

What types of apartments are the cheapest in Midtown Memphis?

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 151 regular apartments in Midtown Memphis 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 Midtown Memphis?

Cheap apartments in Midtown Memphis have an average cost of $657 which is $1,393 cheaper than the average rent for all rentals in Midtown Memphis.

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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