Cheap Homes for Rent in Midtown Memphis Neighborhood of Memphis, TN from $700 (18 Rentals)

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

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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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 Village Square priced from $695. 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
Village Square2054 #3 (Coming Soon)1BR,1BA$695
Overton PlaceStudioStudio,1BA$725
Helix at the District1S1BR,1BA$750
Idlewild Terrace1BR/1.0BA1BR,1BA$750
Belvedere Gardens Condominiums1x1 Bath1BR,1BA$775

Best Value Apartments for Rent in Midtown Memphis, TN

As of June 13, 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
Urban Peddler2BR 1BA2BR,1BA$1.13
Overton Garden Apartments2151 Poplar Ave 1-A (Coming Soon)2BR,2BA$1.23
The Drew2 Bedroom 1 Bathroom2BR,1BA$1.12
Peabody Village2 Beds, 1 Baths2BR,1BA$1.08
Parkside Poplar Apartments1 Bedroom1BR,1BA$1.05
Peabody PlaceOne Bedroom1BR,1BA$1.12
Idlewild Terrace1BR/1.0BA1BR,1BA$1.11
Village Square2054 #3 (Coming Soon)1BR,1BA$1.21

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Frequently Asked Questions about Midtown Memphis

What type of rentals are currently available in Midtown Memphis?

There are currently 504 Apartments for Rent in Midtown Memphis, TN with pricing that ranges from $634 to $5,910. There are also 58 Single Family Homes for rent, Condos, and Townhome rentals currently available in Midtown Memphis ranging from $750 to $3,995.

What is the current price range for Rental Homes in Midtown Memphis?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Midtown Memphis ranges from $750 to $3,995 with an average monthly rent of $2,179.

How much are larger Three and Four Bedroom Rentals in Midtown Memphis?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Midtown Memphis range from $1,150 to $4,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,795 and Four Bedroom Apartments start at $2,400.

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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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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.