Cheap Homes for Rent in Midtown Neighborhood of Memphis, TN from $700 (13 Rentals)

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

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 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 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$750
Belvedere Gardens Condominiums1x1 Bath1BR,1BA$775
PulseA11BR,1BA$779

Best Value Apartments for Rent in Midtown, TN

As of September 18, 2025 the best value apartment in the Midtown 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 apartment is the 41 S McLean Blvd Model at 41 S McLean Blvd, Unit #3 upstairs starting at $1,300 with a $1.00 price per square foot in the East 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.
1468 Snowden AveSpacious2BR,1.5BA$0.89
41 S McLean Blvd, Unit #3 upstairs41 S McLean Blvd2BR,2BA$1.00
Stonewall Apartments2 Bed 1.5 Bath2BR,1.5BA$0.81
164 N McLean Blvd, Unit 5164 N McLean Blvd2BR,2BA$0.95
Park Terrace2 x 12BR,1BA$1.03
1855 Poplar Ave, Unit 41855 Poplar Ave2BR,2BA$1.00
Vinton Avenue Apartments2BR/1.0BA2BR,1BA$1.03
Parkside Poplar Apartments1 Bedroom1BR,1BA$1.05
Peabody PlaceOne Bedroom1BR,1BA$1.13
144 N. Belvedere2 BR, 1 BA2BR,1BA$1.00

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Pet Friendly Lifestyle
Midtown, Memphis, TN

Ranked #18

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Midtown

What type of rentals are currently available in Midtown?

There are currently 412 Apartments for Rent in Midtown, TN with pricing that ranges from $725 to $12,450. There are also 64 Single Family Homes for rent, Condos, and Townhome rentals currently available in Midtown ranging from $775 to $3,600.

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 $775 to $3,600 with an average monthly rent of $2,105.

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 $1,375 to $2,415, while Three Bedroom Homes, Condos, and Townhomes for rent range from $884 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $4,500.

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 Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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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.