Cheap Homes for Rent in Midtown Memphis Neighborhood of Memphis, TN from $800 (18 Rentals)

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

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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 Studio 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 PlaceStudioStudio,1BA$725
Village Square2048 #21BR,1BA$725
Helix at the District1S1BR,1BA$750
Belvedere Gardens Condominiums1x1 Bath1BR,1BA$775

Best Value Apartments for Rent in Midtown Memphis, TN

As of April 16, 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

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Frequently Asked Questions about Midtown Memphis

What type of rentals are currently available in Midtown Memphis?

There are currently 519 Apartments for Rent in Midtown Memphis, TN with pricing that ranges from $600 to $7,330. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Midtown Memphis ranging from $834 to $4,000.

What is the current price range for Rental Homes in Midtown Memphis?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Midtown Memphis ranges from $834 to $4,000 with an average monthly rent of $2,328.

How much are larger Three and Four Bedroom Rentals in Midtown Memphis?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Midtown Memphis range from $1,195 to $4,376, while Three Bedroom Homes, Condos, and Townhomes for rent range from $834 to $2,750. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $5,930.

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

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.