
Cheap Homes for Rent in Midtown Memphis Neighborhood of Memphis, TN from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Midtown Memphis area of Memphis.


151 N Belvedere Blvd

139 N Claybrook St

2245 Monroe Ave

2098 Court Ave

585 N Avalon St
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1066 Greenlaw Ave

336 S Dudley St

276 Garland St

191 N Avalon St

283 Leath St

517 S Barksdale St
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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 | $1,266 | $745 | $2,000 |
| Midtown Memphis 3 Bedroom Homes for Rent | $1,803 | $1,150 | $2,200 |
| Midtown Memphis 4 Bedroom Homes for Rent | $2,050 | $1,050 | $3,500 |
| Midtown Memphis 5 Bedroom Homes for Rent | $2,649 | $1,250 | $3,500 |
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.
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Midtown Memphis, Memphis, TN Local Guide
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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 The Pulse Apartments priced from $634. Village Square has the second lowest priced unit, which is a 1 Bed apartment currently listed from $715. Here are the most affordable Midtown Memphis apartments for rent in Memphis, TN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Pulse Apartments | Studio 1 Bathroom | Studio,1BA | $634 |
| Village Square | 2038 #3 | 1BR,1BA | $715 |
| 31 S McLean Blvd | Studio | Studio,1BA | $725 |
| 144 N. Belvedere | 2 BR, 1 BA | 2BR,1BA | $750 |
| Cherokee Arms | Standard Studio | Studio,1BA | $789 |
Best Value Apartments for Rent in Midtown Memphis, TN
As of January 24, 2026 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Barksdale Flats | 4 Bedroom | 4BR,2BA | $0.65 |
| Stonewall Apartments | 2 Bed 1.5 Bath | 2BR,1.5BA | $0.81 |
| Urban Peddler | 2BR 1BA | 2BR,1BA | $1.02 |
| The Midtowner | MidTowner | 2BR,1BA | $1.05 |
| The Broadmoor Apartments | 2BR/1.0BA | 2BR,1BA | $1.05 |
| Parkside Poplar Apartments | 1 Bedroom | 1BR,1BA | $0.98 |
| Peabody Place | O50ne Bedroom | 1BR,1BA | $1.06 |
| Monroe Flats | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.04 |
| Courtyard @ 1460 Monroe | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.04 |
| 144 N. Belvedere | 2 BR, 1 BA | 2BR,1BA | $1.00 |
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!
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleQuick 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.
Pet Friendly LifestyleMidtown Memphis, Memphis, TN
Ranked #10
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Midtown Memphis
What type of rentals are currently available in Midtown Memphis?
There are currently 508 Apartments for Rent in Midtown Memphis, TN with pricing that ranges from $634 to $6,398. There are also 74 Single Family Homes for rent, Condos, and Townhome rentals currently available in Midtown Memphis ranging from $745 to $3,500.
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 $745 to $3,500 with an average monthly rent of $1,645.
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 $1,325 to $6,398, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,050 and Four Bedroom Apartments start at $1,500.
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

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.