Cheap Apartments for Rent in the Midtown Memphis Neighborhood of Memphis, TN from $300 (59 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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The Drew
$800 - $9501 to 2 Bedroom Apartments Available Now

The Drew

1060 Merriwether AveMemphis, TN 38105
Pet Friendly
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  • Utilities Included

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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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Pulse
Studio to 2 Bedroom Apartments

Pulse

57 N Somerville StMemphis, TN 38104
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SoMa 23
Studio to 2 Bedroom Apartments

SoMa 23

23 S Pauline StMemphis, TN 38104
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35 N Idlewild St
2 Bedroom Apartments

35 N Idlewild St

35 N Idlewild StMemphis, TN 38104

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Idlewild Terrace
1 Bedroom Apartments

Idlewild Terrace

32 Idlewild StMemphis, TN 38104
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144 N. Belvedere
2 Bedroom Apartments

144 N. Belvedere

144 N Belvedere BlvdMemphis, TN 38104
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Cherokee Arms
Studio Apartments

Cherokee Arms

1508 Madison AveMemphis, TN 38104
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Kimbrough Towers
1 to 3 Bedroom Apartments

Kimbrough Towers

172 Kimbrough PlMemphis, TN 38104
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Almadura Apartments
Studio to 2 Bedroom Apartments

Almadura Apartments

175 Stonewall StMemphis, TN 38104
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The Alma
Studio Apartments

The Alma

190 N Auburndale StMemphis, TN 38112

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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 Studio unit found at Pulse 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 Midtown Memphis apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
PulseS1Studio,1BA$634
Overton PlaceStudioStudio,1BA$725
Village Square2054 #31BR,1BA$725
144 N. Belvedere2 BR, 1 BA2BR,1BA$750
Belvedere Gardens Condominiums1x1 Bath1BR,1BA$775
Kings Reserve MemphisBeale Corner Grande1BR,1BA$800
The Drew1 Bedroom 1 Bathroom1BR,1BA$800
Kimbrough TowersA21BR,1BA$800
Midtown PlaceSt Regis Efficiency1BR,1BA$808
Parkside Poplar Apartments1 Bedroom1BR,1BA$850

Best Value Apartments for Rent in Midtown Memphis, TN

As of August 28, 2025 the best value apartment in the Midtown Memphis area is the $0.89 price per square foot Spacious Model at 1468 Snowden Ave in the in the Midtown Memphis neighborhood starting from $1,500. The second greatest value Midtown Memphis apartment is the 2 Bed 1.5 Bath Model at Stonewall Apartments starting at $895 with a $0.81 price per square foot in the Midtown 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.
1468 Snowden AveSpacious2BR,1.5BA$0.89
Stonewall Apartments2 Bed 1.5 Bath2BR,1.5BA$0.81
Park Terrace2 x 12BR,1BA$1.03
Overton Garden Apartments2151 Poplar Ave 1-A2BR,2BA$1.23
Peabody Village2 Beds, 1 Baths2BR,1BA$1.08
Parkside Poplar Apartments1 Bedroom1BR,1BA$1.05
Peabody PlaceOne Bedroom1BR,1BA$1.13
144 N. Belvedere2 BR, 1 BA2BR,1BA$1.00
The Biltmore - McAlpin ApartmentsStudio1BR,1BA$1.20
The Drew1 Bedroom 1 Bathroom1BR,1BA$1.14

Quick Rent Budget Calculator

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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 #14

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 $850.

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

The cheapest apartment in Midtown Memphis is Village Square which is listed at $725, while the average apartment in Midtown Memphis costs $5,230.

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 43 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 $130 which is $5,100 cheaper than the average rent for all rentals in Midtown Memphis.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.