
Cheap Apartments for Rent in the Midtown Neighborhood of Memphis, TN from $500 (54 Rentals)
Search the lowest-cost Apartments available for rent right now in the Midtown area of Memphis.


410-412 N Bellevue Blvd

The PULSE Apartments-Utilities included

Overton Place

The Drew @ Medical District

Idlewild Terrace

Parkside Poplar Apartments

The Courts Midtown

Belvedere Gardens Condominiums

Crescendo Apartments

Azur Tower

129 Stonewall St

Kings Reserve Memphis

Overton Garden Apartments

Eleven60

Art Lofts @ Overton

The Galloway @ Evergreen -

189 Barksdale

Courtyard @ 1161 Poplar

Courtyard @ Ironworks

412 N Montgomery St

The Biltmore - McAlpin Apartments

Madison Gardens Apartments

Peabody Falls Apartments
Midtown, Memphis, TN Local Guide

How much does it cost to rent an apartment in Midtown?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Midtown Studio Apartments | $1,061 | $708 | $2,572 |
Midtown 1 Bedroom Apartments | $1,449 | $695 | $3,090 |
Midtown 2 Bedroom Apartments | $1,596 | $825 | $4,378 |
Midtown 3 Bedroom Apartments | $2,480 | $1,195 | $4,426 |
Midtown 4 Bedroom Apartments | $5,380 | $2,500 | $7,330 |
Browse Apartments in this Neighborhood
There are currently 54 rentals with your search options within a 2 mile radius of the Midtown Neighborhood of Memphis, TN.
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Midtown, Memphis, TN Local Guide
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Cheapest Available Midtown Apartments for Rent
 The cheapest available apartment rental in the Midtown area of Memphis, TN is a 1 Bed unit found at Village Square priced from $695. Overton Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here are the most affordable Midtown apartments for rent in Memphis, TN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Village Square | 2048 #2 | 1BR,1BA | $695 |
Overton Place | 1BR 1B | 1BR,1BA | $725 |
The Gilmore | Small Efficiency | Studio,1BA | $738 |
Vinton Avenue Apartments | 2BR/1.0BA | 2BR,1BA | $750 |
The Drew @ Medical District | One Bed | 1BR,1BA | $790 |
Idlewild Terrace | 1BR/1.0BA | 1BR,1BA | $795 |
Parkside Poplar Apartments | 1 Bedroom | 1BR,1BA | $850 |
Park Terrace | Studio | Studio,1BA | $850 |
The Courts Midtown | The Evergreen with W/D | Studio,1BA | $872 |
Crescendo Apartments | 1 Bed 1 Bath | 1BR,1BA | $875 |
Best Value Apartments for Rent in Midtown, TN
As of March 24, 2025 the best value apartment in the Midtown area is the $0.85 price per square foot 1229 Vinton Ave Model at 1229 Vinton Ave, Unit 1 in the in the Medical District neighborhood starting from $1,150. The second greatest value Midtown apartment is the 2 Bed/2 Bath Model at The Avalon starting at $1,250 with a $1.04 price per square foot in the Midtown Memphis neighborhood. Here is today’s list of the best values for Midtown apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
1229 Vinton Ave, Unit 1 | 1229 Vinton Ave | 2BR,1BA | $0.85 |
The Avalon | 2 Bed/2 Bath | 2BR,2BA | $1.04 |
Stonewall Apartments | 2 Bed 1.5 Bath | 2BR,1.5BA | $0.81 |
Urban Peddler | 2BR 1BA Renovated | 2BR,1BA | $1.23 |
Vinton Avenue Apartments | 2BR/1.0BA | 2BR,1BA | $0.91 |
Parkside Poplar Apartments | 1 Bedroom | 1BR,1BA | $1.05 |
The Galloway @ Evergreen - | The Evergreen | 2BR,1.5BA | $1.25 |
Idlewild Terrace | 1BR/1.0BA | 1BR,1BA | $0.99 |
Peabody Place | One Bedroom | 1BR,1BA | $1.12 |
The Drew @ Medical District | One Bed | 1BR,1BA | $1.22 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleMidtown, Memphis, TN
Ranked #13
Among neighborhoods in Memphis, TN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving.com compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in areas across the United States and customized analysis for Central Memphis. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, kid and pet-friendly communities, availability of transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Midtown Apartments
What is a cheap apartment in Midtown?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Midtown is under $875.
What is the price of a cheap apartment in Midtown?
The cheapest apartment in Midtown is Village Square which is listed at $695, while the average apartment in Midtown costs $13,190.
What types of apartments are the cheapest in Midtown?
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 216 regular apartments in Midtown 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 Midtown?
Cheap apartments in Midtown have an average cost of $341 which is $12,849 cheaper than the average rent for all rentals in Midtown.
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.

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.

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.

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.

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.