Cheap Apartments for Rent in the Midtown Neighborhood of Memphis, TN from $500 (53 Rentals)

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

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

close
View Me
230 Cochran St
2 Bedroom Apartments

230 Cochran St

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

Peach Apartments

1330 Peach AveMemphis, TN 38104
close
View Me
35 N Idlewild St
2 Bedroom Apartments

35 N Idlewild St

35 N Idlewild StMemphis, TN 38104
close
View Me
Idlewild Terrace
1 Bedroom Apartments

Idlewild Terrace

32 Idlewild StMemphis, TN 38104
  • Utilities Included
close
View Me
Kimbrough Towers
1 to 3 Bedroom Apartments

Kimbrough Towers

172 Kimbrough PlMemphis, TN 38104
close
View Me
Cherokee Arms
Studio Apartments

Cherokee Arms

1508 Madison AveMemphis, TN 38104
  • Utilities Included
close
View Me
Caprice
2 Bedroom Apartments

Caprice

1259 Harbert AveMemphis, TN 38104
close
View Me
Almadura Apartments
Studio to 2 Bedroom Apartments

Almadura Apartments

175 Stonewall StMemphis, TN 38104
close
View Me
The Alma
Studio Apartments

The Alma

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

The Courts Midtown

1391 Court AveMemphis, TN 38104
close
View Me
Peabody Place
1 Bedroom Apartments

Peabody Place

1986 Peabody AveMemphis, TN 38104
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 1 Bed unit found at Village Square priced from $695. Overton Place has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Midtown apartments for rent in Memphis, TN:

Apartment ListingModel NameBed/BathPriced From
Village Square2048 #21BR,1BA$695
Overton PlaceStudioStudio,1BA$725
Vinton Avenue Apartments2BR/1.0BA2BR,1BA$750
Belvedere Gardens Condominiums1x1 Bath1BR,1BA$775
The Drew @ Medical DistrictOne Bed1BR,1BA$790
Kimbrough TowersA11BR,1BA$850
Park TerraceStudioStudio,1BA$850
The Courts MidtownThe Evergreen with W/DStudio,1BA$872
Crescendo Apartments1 Bed 1 Bath1BR,1BA$875
Stonewall Apartments2 Bed 1.5 Bath2BR,1BA$895

Best Value Apartments for Rent in Midtown, TN

As of April 07, 2025 the best value apartment in the Midtown area is the $1.07 price per square foot Spacious Model at 1468 Snowden Ave in the in the Midtown Memphis neighborhood starting from $1,800. The second greatest value Midtown 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 Midtown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1468 Snowden AveSpacious2BR,1.5BA$1.07
1229 Vinton Ave, Unit 11229 Vinton Ave2BR,1BA$0.85
The Avalon2 Bed/2 Bath2BR,2BA$1.04
Stonewall Apartments2 Bed 1.5 Bath2BR,1.5BA$0.81
Idlewild Terrace2BR/1.0BA2BR,1BA$0.99
Overton Garden Apartments2151 Poplar Ave2BR,2BA$1.15
Broadmoor Apartments2BR/1.0BA2BR,1BA$1.21
Vinton Avenue Apartments2BR/1.0BA2BR,1BA$0.91
Peabody PlaceOne Bedroom1BR,1BA$1.12
The Drew @ Medical DistrictOne Bed1BR,1BA$1.22

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
Midtown, Memphis, TN

Ranked #17

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

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 $695 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 $750 at Vinton Avenue Apartments.

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 $2,390.

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.

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.