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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.
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from $708Studio to 2 Bedroom Apartments Contact Us For Availability
The PULSE Apartments-Utilities included
57 N Somerville StMemphis, TN 38104
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from $725Studio to 2 Bedroom Apartments Available Now
Overton Place
1214 Overton Park AveMemphis, TN 38104
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from $7501 to 3 Bedroom Apartments Available Now
Helix at the District
141 Manassas StMemphis, TN 38105
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from $760Studio to 3 Bedroom Apartments Available Now
Uptown Square Apartments
252 N Lauderdale StMemphis, TN 38105
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1270 Overton Park Ave
MemphisTN38104
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Rent Specials
from $850Studio to 2 Bedroom Apartments Available Now
628 Madison Ave
628 Madison AveMemphis, TN 38103
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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Rent Specials
from $8751 Bedroom Apartments Available Now
Crescendo Apartments
1386 Court AveMemphis, TN 38104
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from $8802 to 3 Bedroom Apartments Available Now
Linden Yards Apartments
707-747 Linden Yard DrMemphis, TN 38126
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2 Bedroom Apartments
Cleaborn Pointe at Heritage Senior Apartments
460 S Lauderdale StMemphis, TN 38126
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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Showing Results 1-28, Page 1 of 1
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 | $1,583 | $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.
See all Apartments in MemphisExplore Memphis
Medical District, Memphis, TN Local Guide
- Nearby Memphis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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 17, 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
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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.
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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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.