Cheap Apartments for Rent in the Midtown Neighborhood of Memphis, TN from $500 (61 Rentals)

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

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property at 95 N Willett St

95 N Willett St

MemphisTN38104
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230 Cochran St
2 Bedroom Apartments

230 Cochran St

230 Cochran StMemphis, TN 38105
  • Utilities Included
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Peach Apartments
1 Bedroom Apartments

Peach Apartments

1330 Peach AveMemphis, 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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Kimbrough Towers
1 to 3 Bedroom Apartments

Kimbrough Towers

172 Kimbrough PlMemphis, TN 38104
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Cherokee Arms
Studio Apartments

Cherokee Arms

1508 Madison AveMemphis, TN 38104
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Showing Results 1-50, Page 1 of 2

Midtown, Memphis, TN Local Guide

Cheapest Available Midtown Apartments for Rent

 

The cheapest available apartment rental in the Midtown area of Memphis, TN is a Studio unit found at Overton Place priced from $725. Village Square 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 ListingModel NameBed/BathPriced From
Overton PlaceStudioStudio,1BA$725
Village Square2048 #21BR,1BA$725
Belvedere Gardens Condominiums1x1 Bath1BR,1BA$775
Idlewild Terrace1BR/1.0BA1BR,1BA$795
Park TerraceStudioStudio,1BA$850
Crescendo Apartments1 Bed 1 Bath1BR,1BA$875
The Courts MidtownThe Evergreen with W/DStudio,1BA$879
Stonewall Apartments2 Bed 1.5 Bath2BR,1BA$895
Kings Reserve MemphisPeabodyStudio,1BA$900
Studio RasaEfficiencyStudio,1BA$925

Best Value Apartments for Rent in Midtown, TN

As of April 28, 2025 the best value apartment in the Midtown 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 apartment is the Spacious Model at 1468 Snowden Ave starting at $1,500 with a $0.89 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 ListingModel NameBed/BathPrice Per Sq.Ft.
315 Stonewall St, Unit 311 Stonewall315 Stonewall St3BR,2.5BA$0.80
1468 Snowden AveSpacious2BR,1.5BA$0.89
1229 Vinton Ave, Unit 11229 Vinton Ave2BR,1BA$0.85
88 N Willett St, Unit #388 N Willett St1BR,1BA$1.09
Stonewall Apartments2 Bed 1.5 Bath2BR,1.5BA$0.81
Urban Peddler2BR 1BA Renovated2BR,1BA$1.23
Overton Garden Apartments2151 Poplar Ave2BR,2BA$1.15
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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Pet Friendly Lifestyle
Midtown, Memphis, TN

Ranked #15

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

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 the Cheapest Studio apartment in Midtown?

Currently the most affordable Cheap Studio Apartment in Midtown is at Overton Place listed at $725.

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

The lowest price for a Cheap One Bedroom Midtown Apartment is $725 at Village Square.

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

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

What is the most affordable Midtown Three Bedroom Apartment?

The best deal on a cheap Midtown Three Bedroom Apartment rental is at Bristol On Union Apartment Homes and starts from $2,414.

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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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.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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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.