Cheap Apartments for Rent in the Midtown Memphis Neighborhood of Memphis, TN from $300 (47 Rentals)

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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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
  • Utilities Included

Affordable Memphis: The Best Neighborhoods with Character and Lower Rents

Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.

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Peach Apartments
1 Bedroom Apartments

Peach Apartments

1330 Peach AveMemphis, 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
Studio to 2 Bedroom Apartments

35 N Idlewild St

35 N Idlewild StMemphis, TN 38104
Corporate Housing
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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

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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 to 1 Bedroom Apartments

The Alma

190 N Auburndale StMemphis, TN 38112
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The Courts Midtown
Studio to 1 Bedroom Apartments

The Courts Midtown

1391 Court AveMemphis, TN 38104
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Crescendo Apartments
1 to 2 Bedroom Apartments

Crescendo Apartments

1386 Court AveMemphis, TN 38104
Student Housing
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Peabody Village
2 Bedroom Apartments

Peabody Village

972 Peabody AveMemphis, TN 38104

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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1058 Peabody Ave
1 to 3 Bedroom Apartments

1058 Peabody Ave

1058 PeabodyMemphis, TN 38104
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Idlewild Terrace
Studio to 2 Bedroom Apartments

Idlewild Terrace

34 N Idlewild StMemphis, TN 38104
Showing Results 1-47, Page 1 of 1

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
PulseStudio 1 BathroomStudio,1BA$634
Overton PlaceStudioStudio,1BA$725
Kings Reserve MemphisPeabodyStudio,1BA$725
31 S McLean BlvdStudioStudio,1BA$725
Village Square2066 #41BR,1BA$725
Helix at the District1 Bedroom 1 Bathroom1BR,1BA$750
Cherokee ArmsStandard StudioStudio,1BA$789
Midtown PlaceSt Regis - 1B1B1BR,1BA$798
Courtyard @ 1460 Monroe1 Bedroom, 1 Bathroom1BR,1BA$799
The Drew1 Bedroom 1 Bathroom1BR,1BA$800

Best Value Apartments for Rent in Midtown Memphis, TN

As of December 09, 2025 the best value apartment in the Midtown Memphis area is the $0.65 price per square foot 4 Bedroom Model at Barksdale Flats in the in the East 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.
Barksdale Flats4 Bedroom4BR,2BA$0.65
Stonewall Apartments2 Bed 1.5 Bath2BR,1.5BA$0.81
Urban Peddler2BR 1BA2BR,1BA$1.13
The Broadmoor Apartments2BR/1.0BA2BR,1BA$1.05
The Biltmore - McAlpin ApartmentsSingle 8501BR,1BA$1.18
Parkside Poplar Apartments1 Bedroom1BR,1BA$1.05
Peabody PlaceOne Bedroom1BR,1BA$1.13
Courtyard @ Monroe Flats1 Bedroom, 1 Bathroom1BR,1BA$1.16
Courtyard @ 1460 Monroe1 Bedroom, 1 Bathroom1BR,1BA$1.04
The Drew1 Bedroom 1 Bathroom1BR,1BA$1.14

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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 #11

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 $800.

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 $3,958.

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 95 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 $525 which is $3,433 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.

Articles, How-To's, and Tips

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Affordable Memphis: The Best Lower Priced Neighborhoods with Character

Written by: Joshua Carlucci

I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!