Cheap Apartments for Rent in the Midtown Memphis Neighborhood of Memphis, TN from $300 (115 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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The Local Memphis Expert's Guide to Renting Near the City's Top Employers

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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 1 Bed unit found at 1111 N Parkway priced from $600. 288 Leath St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here are the most affordable Midtown Memphis apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
1111 N Parkway1 Beds, 1 Baths1BR,1BA$600
288 Leath St1 Beds, 1 Baths1BR,1BA$625
The Pulse ApartmentsStudio 1 BathroomStudio,1BA$634
31 S McLean BlvdStudioStudio,1BA$725
Helix at the District - Utilities Included1 Bedroom 1 Bathroom1BR,1BA$744
Village Square2046 #41BR,1BA$750
Kimbrough Tower ApartmentsStudio 1 BathroomStudio,1BA$750
Merriwether1 Bedroom, 1 Bathroom1BR,1BA$750
Midtown PlaceSt Regis - 1B1B1BR,1BA$751

Best Value Apartments for Rent in Midtown Memphis, TN

As of July 24, 2026 the best value apartment in the Midtown Memphis area is the $0.86 price per square foot 431 N Evergreen St Model at 431 N Evergreen St, Unit 431 N. Evergreen St. in the in the East Memphis neighborhood starting from $1,800. The second greatest value Midtown Memphis apartment is the 3 Beds, 2 Baths Model at 2191 Washington Ave starting at $1,600 with a $0.84 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.
431 N Evergreen St, Unit 431 N. Evergreen St.431 N Evergreen St3BR,2BA$0.86
2191 Washington Ave3 Beds, 2 Baths3BR,2BA$0.84
65 N Belvedere Blvd3 Bed 2 Bath3BR,2BA$1.00
Stonewall Apartments2 Bed 1.5 Bath2BR,1.5BA$0.81
34 N Idlewild St2BR/1.0BA2BR,1BA$0.89
Peabody Village2 Beds, 1 Baths2BR,1BA$1.08
Parkside Poplar Apartments1 Bedroom1BR,1BA$1.02
1111 N Parkway1 Beds, 1 Baths1BR,1BA$0.75
Courtyard @ 1460 Monroe1 Bedroom, 1 Bathroom1BR,1BA$1.04
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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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 the Cheapest Studio apartment in Midtown Memphis?

Currently the most affordable Cheap Studio Apartment in Midtown Memphis is at The Pulse Apartments listed at $634.

How much is rent for a Cheap One Bedroom Midtown Memphis Apartment?

The lowest price for a Cheap One Bedroom Midtown Memphis Apartment is $600 at 1111 N Parkway.

What is the lowest price for a Cheap Two Bedroom Midtown Memphis Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Midtown Memphis is starting from $825 at Overton Place.

What is the most affordable Midtown Memphis Three Bedroom Apartment?

The best deal on a cheap Midtown Memphis Three Bedroom Apartment rental is at Kings Reserve Memphis and starts from $1,325.

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.

Helpful Local Expert Guides

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

Written by: Joshua Carlucci

Hello from Memphis, Tennessee. I'm Josh, your ApartmentHomeLiving.com Local Expert for Memphis, and I spent years in this city eating, writing, cooking, studying, and getting to know it block by block.

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

Written by: Joshua Carlucci

I'm Josh, your ApartmentHomeLiving.

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The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.