What is the average apartment size in Midtown Memphis, Memphis, TN?

The average size for a Midtown Memphis, Memphis, TN apartment is 693 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Midtown Memphis?

As of Jan / 2026, the average rent in Midtown Memphis is $1,159 per month, a 0.04% decrease from last years average of $1,159.

How much does rent cost by apartment size in Midtown Memphis?

In Midtown Memphis, studios rent for $930 per month, one-bedroom units average $1,129 per month, two-bedrooms cost around $1,443 per month, and three-bedroom apartments rent for about $1,930 per month

What is the average apartment size in Midtown Memphis?

The typical apartment in Midtown Memphis offers about 693 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

How large are apartments by bedroom count in Midtown Memphis?

Studio apartments in Midtown Memphis average 531 sq. ft., one-bedrooms offer 650 sq. ft., two-bedrooms are about 951 sq. ft., and three-bedroom apartments average 1,476 sq. ft.

Midtown Memphis, Memphis, TN Rental Market Trends

Q: What's the typical rent budget in Midtown Memphis?

The typical rent budget in Midtown Memphis ranges from $1,001 to $1,500 per month, with 48% of rentals in this range.

Q: Do most people rent or own in Midtown Memphis?

In Midtown Memphis, 58% of households rent while 42% own their homes, based on the latest U.S. Census data.

Last updated: February 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Midtown Memphis is $1,159, a 0.04% decrease compared to the previous year, when the average rent was $1,159.

Studio Apartments at $930 offer the most budget-friendly option with 531 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 650 square feet for $1,129, balancing privacy and affordability.

Two-beedroom units at $1,443 offer 951 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,476 sq ft) for $1,930, suitable for larger households.

Average rent in Midtown Memphis, Memphis, TN

Last updated: February 22, 2026

	Average Rent	Average Apartment Size
All Rentals	$1,159	693 sq. ft.
Studio	$930	531 sq. ft.
1 Bed	$1,129	650 sq. ft.
2 Beds	$1,443	951 sq. ft.
3 Beds	$1,930	1,476 sq. ft.

Midtown Memphis, Memphis, TN rent trends

Rental prices in Midtown Memphis, Memphis, TN have decreased by 0.04% over the past year. The average rent moved from $1,159 to $1,159.

What's the typical rent budget in Midtown Memphis, Memphis, TN?

The largest share of rentals in Midtown Memphis, Memphis, TN (48%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Midtown Memphis, Memphis, TN?

2,026 or 58% of the households in Midtown Memphis, Memphis, TN are renter-occupied while 1,480 or 42% are owner-occupied.

Most affordable neighborhoods in Midtown Memphis?

University Area $708/month

Orange Mound $728/month

Frayser $760/month

All of these neighborhoods fall below the city wide average of $1,134/month.

Most expensive neighborhoods in Midtown Memphis?

Mud Island $1,535/month

Binghampton $1,551/month

Normal Station $1,649/month

These neighborhoods typically command higher rents due to location, amenities, and demand.

Average Rent in Memphis, TN By Neighborhood

Neighborhood	Average Rent
Normal Station	$1,649
Binghampton	$1,551
Mud Island	$1,535
Central Gardens	$1,515
South Riverdale	$1,503
Windyke - Southwind	$1,465
Chickasaw Gardens	$1,464
Med District	$1,424
Downtown Memphis	$1,405
River Oaks	$1,380
Brennan	$1,365
Uptown Memphis	$1,363
Cordova	$1,321
Lenox	$1,187
Midtown Memphis	$1,159
New Chicago	$1,157
Bal - Moral	$1,135
Riverside	$1,072
Shelby Farms Park	$1,045
Colonial	$1,035
Hickory Hill	$1,024
Galloway	$1,013
Southside Memphis	$978
Meadow Brook	$975
Sherwood Forest	$932
Fox Meadows	$929
Raleigh	$914
Oakville	$912
O'brien	$895
Berclair	$892
Parkway Village	$891
Chickasaw Oaks	$835
Whitehaven	$813
Oakhaven	$799
Alcy - Dunn	$780
Bethel Grove	$776
Frayser	$760
Orange Mound	$728
University Area	$708

Memphis | Rent Comparison by Neighborhood

Rent in Midtown Memphis is 49% higher than in Alcy - Dunn

$1,159

Midtown Memphis rent is the same as Memphis average

Average Rent $1,159

$780

Alcy - Dunn rent is 33% lower than Memphis average

Average Rent $780

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Midtown Memphis apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.