Cheap Apartments for Rent in the Midtown Memphis Neighborhood of Memphis, TN from $395 (112 Rentals)

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

Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City

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property at 1277 Carr Ave
$775
1 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

1277 Carr Ave

MemphisTN38104
  • Smoke Free
property at 250 N Willett St
$650 - $785
1 Bedroom Rentals
Available Now
Affordability

250 N Willett St

MemphisTN38112

Rent According to Income: A Look at Income-Restricted Rentals

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The Local Memphis Expert's Guide to Renting Near the City's Top Employers

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property at 129 Stonewall St
$895
2 Bedroom Rentals
Available Now
Furnished

129 Stonewall St

MemphisTN38104
  • Smoke Free

Affordable Memphis: The Best Neighborhoods with Character and Lower Rents

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property at 123 Stonewall St
$945 - $975
1 Bedroom Rentals
Available Now
Affordability

123 Stonewall St

MemphisTN38104
property at 412 N Montgomery St
$900 - $975
Studio To 1 Bedroom Rentals
Available Now
Affordability

412 N Montgomery St

MemphisTN38104
property at 703 Dickinson St
$985

Total Monthly Price

Base Rent$985
Total Monthly Price$985
1 Bedroom, 1 Bath Townhome for Rent
Available Now
Affordability

703 Dickinson St

MemphisTN38107
  • Smoke Free

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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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 1298 Carr priced from $550. 1111 N Parkway has the second lowest priced unit, which is a 1 Bed apartment currently listed from $595. Here are the most affordable Midtown Memphis apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
1298 Carr0BR/1.0BAStudio,1BA$550
1111 N Parkway1 Beds, 1 Baths1BR,1BA$595
288 Leath St1 Beds, 1 Baths1BR,1BA$625
The Pulse ApartmentsStudio 1 BathroomStudio,1BA$634
148 Stonewall Pl1 BR, 1 BA1BR,1BA$650
1302 Court Ave0BR/1.0BAStudio,1BA$675
1626 Monroe Ave.1BR/1.0BA1BR,1BA$725
1640 Monroe1BR/1.0BA1BR,1BA$725
Helix at the District - Utilities Included1 Bedroom 1 Bathroom1BR,1BA$744
Kimbrough Tower ApartmentsStudio 1 BathroomStudio,1BA$750

Best Value Apartments for Rent in Midtown Memphis, TN

As of September 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 2BR/1.5BA Model at Cgient Properties LLC-3 starting at $1,050 with a $0.84 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.
2191 Washington Ave3 Beds, 2 Baths3BR,2BA$0.84
Cgient Properties LLC-32BR/1.5BA2BR,1.5BA$0.84
Stonewall Apartments2 Bed 1.5 Bath2BR,1.5BA$0.81
The Midtowner2 BR2BR,1BA$1.10
57 N Belvedere Blvd, Unit Unit 157 N Belvedere Blvd2BR,1BA$1.03
Parkside Poplar Apartments1 Bedroom1BR,1BA$1.02
Peabody PlaceO5 0ne Bedroom1BR,1BA$1.12
1111 N Parkway1 Beds, 1 Baths1BR,1BA$0.74
148 Stonewall Pl1 BR, 1 BA1BR,1BA$1.00
1298 Carr0BR/1.0BAStudio ,1BA$1.10

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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Navigating the Rental Market: Tips for First-Time Renters

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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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Quick 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.

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Pet Friendly Lifestyle
Midtown Memphis, Memphis, TN

Ranked #12

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 $750.

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

The cheapest apartment in Midtown Memphis is 1298 Carr which is listed at $595, while the average apartment in Midtown Memphis costs $1,150.

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 89 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 $473 which is $677 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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