Cheap Apartments for Rent in the Medical District Memphis, TN from $300 (26 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Medical District area of Memphis.

close
View Me
Peabody Village
2 Bedroom Apartments

Peabody Village

972 Peabody AveMemphis, TN 38104
close
View Me
321 Pauline St
1 to 2 Bedroom Apartments

321 Pauline St

321 Pauline StMemphis, TN 38104
close
View Me
230 Cochran St
2 Bedroom Apartments

230 Cochran St

230 Cochran StMemphis, TN 38105
close
View Me
Peach Apartments
1 Bedroom Apartments

Peach Apartments

1330 Peach AveMemphis, TN 38104
close
View Me
SoMa 23
Studio to 2 Bedroom Apartments

SoMa 23

23 S Pauline StMemphis, TN 38104
close
View Me
Caprice
2 Bedroom Apartments

Caprice

1259 Harbert AveMemphis, TN 38104
close
View Me
Pontotoc Gardens
3 Bedroom Apartments

Pontotoc Gardens

537-539 Pontotoc AveMemphis, TN 38126
close
View Me
Forum Flats
1 to 3 Bedroom Apartments

Forum Flats

441 E Pontotoc AveMemphis, TN 38126

Medical District, Memphis, TN Local Guide

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 SoMa 23 priced from $650. Overton Place has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Medical District apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
SoMa 23Studio SmallStudio,1BA$650
Overton PlaceStudioStudio,1BA$725
The Drew @ Medical DistrictOne Bed1BR,1BA$739
Helix at the District1S1BR,1BA$750
Edison ParkOne Bedroom High-RiseStudio,1BA$765
Kimbrough TowersA21BR,1BA$775
Vinton Avenue Apartments2BR/1.0BA2BR,1BA$795
The Courtyard at Monroe1 Bed 1 Bath1BR,1BA$799
Crescendo Apartments1 Bed 1 Bath1BR,1BA$875
Linden Yards ApartmentsTwo Bedroom2BR,1BA$880

Best Value Apartments for Rent in Medical District, TN

As of February 13, 2025 the best value apartment in the Medical District area is the $1.20 price per square foot 1470 Monroe Ave Model at 1470 Monroe Ave, Unit Bluff City Luxe Loft in the in the Medical District neighborhood starting from $2,400. The second greatest value Medical District apartment is the 1229 Vinton Ave Model at 1229 Vinton Ave, Unit 1 starting at $1,150 with a $0.85 price per square foot in the Medical District neighborhood. Here is today’s list of the best values for Medical District apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1470 Monroe Ave, Unit Bluff City Luxe Loft1470 Monroe Ave2BR,2BA$1.20
1229 Vinton Ave, Unit 11229 Vinton Ave2BR,1BA$0.85
Forum Flats2 Bedroom Two Bathroom 2C Type B PBV2BR,2BA$0.96
Legends Park Apartments2 Bedroom Townhouse Tax Credit***2BR,1.5BA$1.09
Broadmoor Apartments2BR/1.0BA2BR,1BA$1.21
Linden Yards ApartmentsTwo Bedroom2BR,1BA$0.97
Vinton Avenue Apartments2BR/1.0BA2BR,1BA$0.96
The Courtyard at Monroe1 Bed 1 Bath1BR,1BA$1.26
Crescendo Apartments1 Bed 1 Bath1BR,1BA$1.39
Helix at the District1S1BR,1BA$1.36

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Medical District, Memphis, TN

Ranked #33

Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

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

Frequently Asked Questions about Cheap Medical District Apartments

What is the Cheapest Studio apartment in Medical District?

Currently the most affordable Cheap Studio Apartment in Medical District is at SoMa 23 listed at $650.

How much is rent for a Cheap One Bedroom Medical District Apartment?

The lowest price for a Cheap One Bedroom Medical District Apartment is $695 at SoMa 23.

What is the lowest price for a Cheap Two Bedroom Medical District Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Medical District is starting from $795 at Vinton Avenue Apartments.

What is the most affordable Medical District Three Bedroom Apartment?

The best deal on a cheap Medical District Three Bedroom Apartment rental is at Linden Yards Apartments and starts from $975.

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.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for Navigating the World of Low-Income Housing: A Comprehensive Guide article

Navigating the World of Low-Income Housing: A Comprehensive Guide

Written by: Kevin Ready

Are you having difficulty keeping up with bills or paying the rent? If so, you are not alone. Many families struggle to keep up with rents that have increased up to 40% in the past decade.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.

decorative image for Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.