Cheap Homes for Rent in Midtown Memphis Neighborhood of Memphis, TN from $600 (12 Rentals)

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

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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 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 ListingModel NameBed/BathPriced From
Overton PlaceStudioStudio,1BA$725
Village Square2054 #31BR,1BA$725
144 N. Belvedere2 BR, 1 BA2BR,1BA$775
Belvedere Gardens Condominiums1x1 Bath1BR,1BA$775
PulseA11BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
1468 Snowden AveSpacious2BR,1.5BA$0.89
Stonewall Apartments2 Bed 1.5 Bath2BR,1.5BA$0.81
Overton Garden Apartments2151 Poplar Ave 1-A2BR,2BA$1.23
1058 Peabody Ave1058 Peabody Ave - 121BR,1BA$1.04
Peabody Village2 Beds, 1 Baths2BR,1BA$1.08
Parkside Poplar Apartments1 Bedroom1BR,1BA$1.05
Peabody PlaceOne Bedroom1BR,1BA$1.13
The Biltmore - McAlpin ApartmentsStudio1BR,1BA$1.20
144 N. Belvedere2 BR, 1 BA2BR,1BA$1.03
The Drew1 Bedroom 1 Bathroom1BR,1BA$1.14

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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.

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

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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

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