
Cheap Homes for Rent in Midtown Memphis Neighborhood of Memphis, TN from $600 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Midtown Memphis area of Memphis.


244 S Cleveland St

42 N Claybrook St

180 Clark Pl
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.

275 Leath St

180 Clark Pl

1066 Greenlaw Ave

150 N McLean Blvd
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.

380 N Willett St

316 S Cleveland St
Midtown Memphis, Memphis, TN Local Guide

How much does it cost to rent a home in Midtown Memphis?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Midtown Memphis 2 Bedroom Homes for Rent | $1,514 | $695 | $2,500 |
Midtown Memphis 3 Bedroom Homes for Rent | $1,948 | $834 | $3,000 |
Midtown Memphis 4 Bedroom Homes for Rent | $2,137 | $1,645 | $3,750 |
Midtown Memphis 5 Bedroom Homes for Rent | $3,023 | $1,595 | $3,800 |
Midtown Memphis 6 Bedroom Homes for Rent | $2,900 | $2,900 | $2,900 |
Browse Homes for Rent in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Midtown Memphis Neighborhood of Memphis, TN.
Explore 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 Studio unit found at Overton Place priced from $725. Village Square has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here are the most affordable Midtown Memphis apartments for rent in Memphis, TN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Overton Place | Studio | Studio,1BA | $725 |
Village Square | 2054 #3 | 1BR,1BA | $725 |
144 N. Belvedere | 2 BR, 1 BA | 2BR,1BA | $775 |
Belvedere Gardens Condominiums | 1x1 Bath | 1BR,1BA | $775 |
Pulse | A1 | 1BR,1BA | $779 |
Best Value Apartments for Rent in Midtown Memphis, TN
As of July 31, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
1468 Snowden Ave | Spacious | 2BR,1.5BA | $0.89 |
Stonewall Apartments | 2 Bed 1.5 Bath | 2BR,1.5BA | $0.81 |
Overton Garden Apartments | 2151 Poplar Ave 1-A | 2BR,2BA | $1.23 |
1058 Peabody Ave | 1058 Peabody Ave - 12 | 1BR,1BA | $1.04 |
Peabody Village | 2 Beds, 1 Baths | 2BR,1BA | $1.08 |
Parkside Poplar Apartments | 1 Bedroom | 1BR,1BA | $1.05 |
Peabody Place | One Bedroom | 1BR,1BA | $1.13 |
The Biltmore - McAlpin Apartments | Studio | 1BR,1BA | $1.20 |
144 N. Belvedere | 2 BR, 1 BA | 2BR,1BA | $1.03 |
The Drew | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.14 |
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.
Frequently Asked Questions about Midtown Memphis
What type of rentals are currently available in Midtown Memphis?
There are currently 510 Apartments for Rent in Midtown Memphis, TN with pricing that ranges from $645 to $5,710. There are also 74 Single Family Homes for rent, Condos, and Townhome rentals currently available in Midtown Memphis ranging from $695 to $3,800.
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 $695 to $3,800 with an average monthly rent of $2,108.
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 $1,466 to $3,755, while Three Bedroom Homes, Condos, and Townhomes for rent range from $834 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,645 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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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.

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.