Cheap Apartments for Rent in the Midtown Memphis Neighborhood of Memphis, TN from $300 (37 Rentals)

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

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321 Pauline St
1 to 2 Bedroom Apartments

321 Pauline St

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

230 Cochran St

230 Cochran StMemphis, TN 38105
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Peach Apartments
1 Bedroom Apartments

Peach Apartments

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

SoMa 23

23 S Pauline StMemphis, TN 38104
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35 N Idlewild St
2 Bedroom Apartments

35 N Idlewild St

35 N Idlewild StMemphis, TN 38104
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Idlewild Terrace
1 Bedroom Apartments

Idlewild Terrace

32 Idlewild StMemphis, TN 38104
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Cherokee Arms
Studio Apartments

Cherokee Arms

1508 Madison AveMemphis, TN 38104
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Almadura Apartments
Studio to 2 Bedroom Apartments

Almadura Apartments

175 Stonewall StMemphis, TN 38104
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The Alma
Studio Apartments

The Alma

190 N Auburndale StMemphis, TN 38112
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The Courts Midtown
Studio to 1 Bedroom Apartments

The Courts Midtown

1391 Court AveMemphis, TN 38104
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Peabody Place
1 Bedroom Apartments

Peabody Place

1986 Peabody AveMemphis, TN 38104
Showing Results 1-37, Page 1 of 1

Midtown Memphis, Memphis, TN Local Guide

Cheapest Available Midtown Memphis Apartments for Rent

 

The cheapest available apartment rental in the Midtown Memphis 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 1 Bed apartment currently listed from $725. Here are the most affordable Midtown Memphis apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
SoMa 23Studio SmallStudio,1BA$650
Overton PlaceStudio1BR,1BA$725
Village Square2048 #21BR,1BA$725
Helix at the District1S1BR,1BA$750
Belvedere Gardens Condominiums1x1 Bath1BR,1BA$775
Idlewild Terrace1BR/1.0BA1BR,1BA$795
Midtown PlaceSt Regis - 1B1B1BR,1BA$839
Park TerraceStudioStudio,1BA$850
Crescendo Apartments1 Bed 1 Bath1BR,1BA$875
The Courts MidtownThe Evergreen with W/DStudio,1BA$878

Best Value Apartments for Rent in Midtown Memphis, TN

As of April 12, 2025 the best value apartment in the Midtown Memphis area is the $0.80 price per square foot 315 Stonewall St Model at 315 Stonewall St, Unit 311 Stonewall in the in the Midtown Memphis neighborhood starting from $1,999. The second greatest value Midtown Memphis apartment is the Spacious Model at 1468 Snowden Ave starting at $1,800 with a $1.07 price per square foot in the Midtown Memphis neighborhood. Here is today’s list of the best values for Midtown Memphis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
315 Stonewall St, Unit 311 Stonewall315 Stonewall St3BR,2.5BA$0.80
1468 Snowden AveSpacious2BR,1.5BA$1.07
The Avalon2 Bed/2 Bath2BR,2BA$1.04
Stonewall Apartments2 Bed 1.5 Bath2BR,1.5BA$0.81
Overton Garden Apartments2151 Poplar Ave2BR,2BA$1.15
Urban Peddler2BR 1BA Renovated2BR,1BA$1.23
The Biltmore - McAlpin ApartmentsSingle 8501BR,1BA$1.26
The Galloway @ Evergreen -The Evergreen2BR,1.5BA$1.25
Idlewild Terrace1BR/1.0BA1BR,1BA$1.18
Village Square2036 #11BR,1BA$1.26

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Midtown Memphis, Memphis, TN

Ranked #11

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 across the United States including Midtown Memphis, Memphis, and the greater Memphis area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, walking, and biking. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Midtown Memphis Apartments

What is the Cheapest Studio apartment in Midtown Memphis?

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

How much is rent for a Cheap One Bedroom Midtown Memphis Apartment?

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

What is the lowest price for a Cheap Two Bedroom Midtown Memphis Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Midtown Memphis is starting from $825 at Overton Place.

What is the most affordable Midtown Memphis Three Bedroom Apartment?

The best deal on a cheap Midtown Memphis Three Bedroom Apartment rental is at Legends Park Apartments and starts from $1,194.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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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.