Cheap Homes for Rent in Midtown Neighborhood of Memphis, TN from $600 (12 Rentals)

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

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 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 PlaceStudio1BR,1BA$725
Village Square2048 #21BR,1BA$725
Vinton Avenue Apartments2BR/1.0BA2BR,1BA$750
Belvedere Gardens Condominiums1x1 Bath1BR,1BA$775
Idlewild Terrace1BR/1.0BA1BR,1BA$795

Best Value Apartments for Rent in Midtown, TN

As of April 12, 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 $1,800 with a $1.07 price per square foot in the Midtown Memphis neighborhood. Here is today’s list of the best values for Midtown 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
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
Urban Peddler2BR 1BA Renovated2BR,1BA$1.23
Overton Garden Apartments2151 Poplar Ave2BR,2BA$1.15
Vinton Avenue Apartments2BR/1.0BA2BR,1BA$0.91
The Galloway @ Evergreen -The Evergreen2BR,1.5BA$1.25
Idlewild Terrace1BR/1.0BA1BR,1BA$1.18

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Frequently Asked Questions about Midtown

What type of rentals are currently available in Midtown?

There are currently 418 Apartments for Rent in Midtown, TN with pricing that ranges from $600 to $12,770. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Midtown ranging from $600 to $3,995.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Midtown ranges from $600 to $3,995 with an average monthly rent of $2,345.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Midtown range from $1,195 to $4,376, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $2,750. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $6,190.

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.