Cheap Homes for Rent in Midtown Neighborhood of Memphis, TN from $600 (20 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Midtown, Memphis, TN Local Guide

Cheapest Available Midtown Apartments for Rent

 

The cheapest available apartment rental in the Midtown 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 apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
PulseS1Studio,1BA$634
Overton PlaceStudioStudio,1BA$725
Village Square2054 #31BR,1BA$725
144 N. Belvedere2 BR, 1 BA2BR,1BA$775
Belvedere Gardens Condominiums1x1 Bath1BR,1BA$775

Best Value Apartments for Rent in Midtown, TN

As of August 04, 2025 the best value apartment in the Midtown area is the $1.16 price per square foot 1352 Faxon Ave Model at 1352 Faxon Ave in the in the Midtown Memphis neighborhood starting from $2,195. The second greatest value Midtown apartment is the Spacious Model at 1468 Snowden Ave starting at $1,500 with a $0.89 price per square foot in the Midtown Memphis neighborhood. Here is today’s list of the best values for Midtown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1352 Faxon Ave1352 Faxon Ave4BR,2.5BA$1.16
1468 Snowden AveSpacious2BR,1.5BA$0.89
41 S McLean Blvd, Unit #341 S McLean Blvd2BR,2BA$1.00
Stonewall Apartments2 Bed 1.5 Bath2BR,1.5BA$0.81
Overton Garden Apartments2151 Poplar Ave 1-A2BR,2BA$1.23
Parkside Poplar Apartments1 Bedroom1BR,1BA$1.05
Peabody PlaceOne Bedroom1BR,1BA$1.13
144 N. Belvedere2 BR, 1 BA2BR,1BA$1.03
The Biltmore - McAlpin ApartmentsStudio1BR,1BA$1.20
The Drew1 Bedroom 1 Bathroom1BR,1BA$1.14

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Frequently Asked Questions about Midtown

What type of rentals are currently available in Midtown?

There are currently 413 Apartments for Rent in Midtown, TN with pricing that ranges from $645 to $13,310. There are also 67 Single Family Homes for rent, Condos, and Townhome rentals currently available in Midtown ranging from $695 to $3,800.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Midtown ranges from $695 to $3,800 with an average monthly rent of $2,159.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Midtown range from $1,295 to $3,755, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,295 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,795 and Four Bedroom Apartments start at $2,195.

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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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.

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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.

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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.