Cheap Apartments for Rent in the Medical District Memphis, TN from $300 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in the Medical District area of Memphis.

The PULSE Apartments-Utilities included

Overton Place

Helix at the District

Uptown Square Apartments

1270 Overton Park Ave

628 Madison Ave
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Crescendo Apartments

Linden Yards Apartments

Cleaborn Pointe at Heritage Senior Apartments
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Medical District, Memphis, TN Local Guide

How much does it cost to rent an apartment in Medical District?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Medical District Studio Apartments | $1,171 | $560 | $4,082 |
Medical District 1 Bedroom Apartments | $1,329 | $525 | $6,186 |
Medical District 2 Bedroom Apartments | $1,580 | $825 | $5,843 |
Medical District 3 Bedroom Apartments | $2,112 | $975 | $4,369 |
Medical District 4 Bedroom Apartments | $2,100 | $2,100 | $2,100 |
Browse Apartments in this Neighborhood
There are currently 28 rentals with your search options within a 1 mile radius of the Medical District Neighborhood of Memphis, TN.
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Medical District, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
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Cheapest Available Medical District Apartments for Rent
 The cheapest available apartment rental in the Medical District area of Memphis, TN is a Studio unit found at Overton Place priced from $725. Helix at the District has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Medical District apartments for rent in Memphis, TN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Overton Place | Studio | Studio,1BA | $725 |
Helix at the District | 1S | 1BR,1BA | $750 |
Central Gardens | Studio One Bath | 1BR,1BA | $775 |
Kimbrough Towers | A2 | 1BR,1BA | $775 |
Azur Tower | 1 Bedroom 1 Bathroom | 1BR,1BA | $800 |
628 Madison Ave | Small Studio | Studio,1BA | $850 |
Edison Park | Two Bedroom High-Rise | Studio,1BA | $865 |
Crescendo Apartments | 1 Bed 1 Bath | 1BR,1BA | $875 |
Linden Yards Apartments | Two Bedroom | 2BR,1BA | $880 |
Forum Flats | 1 Bedroom One Bathroom 1-A Type B-60% | 1BR,1BA | $889 |
Best Value Apartments for Rent in Medical District, TN
As of May 16, 2025 the best value apartment in the Medical District area is the $1.35 price per square foot 2 bd / 2 ba Model at 628 Madison Ave in the in the Downtown Memphis neighborhood starting from $1,350. The second greatest value Medical District apartment is the Two Bedroom Model at Linden Yards Apartments starting at $880 with a $0.97 price per square foot in the Downtown Memphis neighborhood. Here is today’s list of the best values for Medical District apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
628 Madison Ave | 2 bd / 2 ba | 2BR,2BA | $1.35 |
Linden Yards Apartments | Two Bedroom | 2BR,1BA | $0.97 |
Goodbar Townhomes | 2 Beds, 1 Baths | 2BR,1BA | $1.32 |
Eleven60 | Midtown Upgrade | 2BR,1BA | $1.27 |
Edison Park | Two Bedroom High-Rise | Studio ,1BA | $1.20 |
Legends Park Apartments | 1 Bedroom Tax Credit*** | 1BR,1BA | $1.38 |
Forum Flats | 1 Bedroom One Bathroom 1-A Type B-60% | 1BR,1BA | $1.31 |
Crescendo Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.39 |
Helix at the District | 1S | 1BR,1BA | $1.36 |
Overton Place | Studio | Studio ,1BA | $1.42 |
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.
Pet Friendly LifestyleMedical District, Memphis, TN
Ranked #30
Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Lifestyle Ratings
Our team compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities and towns across the United States, including Memphis. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, transit availability, pet-friendly communities, features that make it easier to raise kids, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!
Getting Around the Medical District Neighborhood in Memphis, TN
Walk Score®
74 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
72 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
44 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Medical District Apartments
What is a cheap apartment in Medical District?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Medical District is under $889.
What is the price of a cheap apartment in Medical District?
The cheapest apartment in Medical District is Helix at the District which is listed at $750, while the average apartment in Medical District costs $18,110.
What types of apartments are the cheapest in Medical District?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 34 regular apartments in Medical District that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Medical District?
Cheap apartments in Medical District have an average cost of $165 which is $17,945 cheaper than the average rent for all rentals in Medical District.
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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