
Cheap Apartments for Rent in the Midtown Memphis Neighborhood of Memphis, TN from $300 (49 Rentals)
Search the lowest-cost Apartments available for rent right now in the Midtown Memphis area of Memphis.


Kings Reserve Memphis

Overton Place

Belvedere Gardens Condominiums

244 S Cleveland St

128 Stonewall St
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Azur Tower

Parkside Poplar Apartments

1808-1810 Faxon Ave

151 N Belvedere Blvd

The Gilmore Apartments

2092 Jefferson Ave

Deauville Apartments
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1202-1204 Tutwiler Ave

Stonewall Apartments

The Biltmore - McAlpin Apartments
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Midtown Memphis, Memphis, TN Local Guide

How much does it cost to rent an apartment in Midtown Memphis?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Midtown Memphis Studio Apartments | $1,121 | $725 | $1,756 |
Midtown Memphis 1 Bedroom Apartments | $1,235 | $625 | $2,055 |
Midtown Memphis 2 Bedroom Apartments | $1,536 | $745 | $3,400 |
Midtown Memphis 3 Bedroom Apartments | $2,173 | $1,375 | $3,400 |
Midtown Memphis 4 Bedroom Apartments | $2,205 | $1,595 | $5,868 |
Browse Apartments in this Neighborhood
There are currently 49 rentals with your search options within a 2 mile radius of the Midtown Memphis Neighborhood of Memphis, TN.
See all Apartments in MemphisExplore Memphis
Midtown Memphis, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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 Village Square priced from $625. Pulse has the second lowest priced unit, which is a Studio apartment currently listed from $634. Here are the most affordable Midtown Memphis apartments for rent in Memphis, TN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Village Square | 2068 #3 | 1BR,1BA | $625 |
Pulse | S1 | Studio,1BA | $634 |
Overton Place | Studio | Studio,1BA | $725 |
Kings Reserve Memphis | Peabody | Studio,1BA | $725 |
144 N. Belvedere | 2 BR, 1 BA | 2BR,1BA | $750 |
Belvedere Gardens Condominiums | 1x1 Bath | 1BR,1BA | $775 |
Midtown Place | St Regis - 1B1B | 1BR,1BA | $780 |
Kimbrough Towers | A2 | 1BR,1BA | $800 |
The Drew | 1 Bedroom 1 Bathroom | 1BR,1BA | $800 |
Azur Tower | 1 Bedroom 1 Bathroom | 1BR,1BA | $849 |
Best Value Apartments for Rent in Midtown Memphis, TN
As of October 23, 2025 the best value apartment in the Midtown Memphis area is the $0.69 price per square foot 4 Bedroom Model at Barksdale Flats in the in the East Memphis neighborhood starting from $1,595. The second greatest value Midtown Memphis apartment is the 41 S McLean Blvd Model at 41 S McLean Blvd, Unit #3 upstairs starting at $1,300 with a $1.00 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Barksdale Flats | 4 Bedroom | 4BR,2BA | $0.69 |
41 S McLean Blvd, Unit #3 upstairs | 41 S McLean Blvd | 2BR,2BA | $1.00 |
Stonewall Apartments | 2 Bed 1.5 Bath | 2BR,1.5BA | $0.81 |
57 N Belvedere Blvd, Unit 1 | 57 N Belvedere Blvd | 2BR,1BA | $0.93 |
Urban Peddler | 2BR 1BA | 2BR,1BA | $1.13 |
Parkside Poplar Apartments | 1 Bedroom | 1BR,1BA | $1.05 |
Peabody Place | One Bedroom | 1BR,1BA | $1.13 |
144 N. Belvedere | 2 BR, 1 BA | 2BR,1BA | $1.00 |
The Drew | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.14 |
Village Square | 2038 #4 | 1BR,1BA | $1.09 |
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From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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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 LifestyleMidtown Memphis, Memphis, TN
Ranked #14
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 $849.
What is the price of a cheap apartment in Midtown Memphis?
The cheapest apartment in Midtown Memphis is Village Square which is listed at $625, while the average apartment in Midtown Memphis costs $4,775.
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 37 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 $122 which is $4,653 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.

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.