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

The average size for a Midtown Memphis, Memphis, TN apartment is 694 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 Feb / 2026, the average rent in Midtown Memphis is $1,149 per month, a 1.05% decrease from last years average of $1,161.

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

In Midtown Memphis, studios rent for $937 per month, one-bedroom units average $1,091 per month, two-bedrooms cost around $1,484 per month, and three-bedroom apartments rent for about $2,017 per month

What is the average apartment size in Midtown Memphis?

The typical apartment in Midtown Memphis offers about 694 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 955 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 47% of rentals in this range.

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

In Midtown Memphis, 59% of households rent while 41% own their homes, based on the latest U.S. Census data.

Last updated: April 11, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Midtown Memphis is $1,149, a 1.05% decrease compared to the previous year, when the average rent was $1,161.

Studio Apartments at $937 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 $1,091, balancing privacy and affordability.

Two-beedroom units at $1,484 offer 955 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,476 sq ft) for $2,017, suitable for larger households.

Average rent in Midtown Memphis, Memphis, TN

Last updated: April 11, 2026

	Average Rent	Average Apartment Size
All Rentals	$1,149	694 sq. ft.
Studio	$937	531 sq. ft.
1 Bed	$1,091	650 sq. ft.
2 Beds	$1,484	955 sq. ft.
3 Beds	$2,017	1,476 sq. ft.

Midtown Memphis, Memphis, TN rent trends

Rental prices in Midtown Memphis, Memphis, TN have decreased by 1.05% over the past year. The average rent moved from $1,161 to $1,149.

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

The largest share of rentals in Midtown Memphis, Memphis, TN (47%) 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?

2,056 or 59% of the households in Midtown Memphis, Memphis, TN are renter-occupied while 1,426 or 41% are owner-occupied.

Most affordable neighborhoods in Midtown Memphis?

University Area $722/month

Orange Mound $760/month

Chickasaw Oaks $766/month

All of these neighborhoods fall below the city wide average of $1,135/month.

Most expensive neighborhoods in Midtown Memphis?

Binghampton $1,513/month

Mud Island $1,538/month

Normal Station $1,659/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	$1,659
Mud Island	$1,538
Binghampton	$1,513
South Riverdale	$1,489
Chickasaw Gardens	$1,473
Central Gardens	$1,464
Windyke - Southwind	$1,422
Med District	$1,416
Downtown Memphis	$1,410
Brennan	$1,407
River Oaks	$1,383
Uptown Memphis	$1,377
Cordova	$1,309
Riverside	$1,246
Lenox	$1,222
Bal - Moral	$1,179
Midtown Memphis	$1,149
New Chicago	$1,116
Galloway	$1,060
Shelby Farms Park	$1,056
Hickory Hill	$1,024
Colonial	$994
Fox Meadows	$947
Oakville	$945
Meadow Brook	$942
O'brien	$942
Sherwood Forest	$924
Southside Memphis	$920
Parkway Village	$899
Raleigh	$898
Berclair	$868
Bethel Grove	$847
Whitehaven	$832
Oakhaven	$801
Alcy - Dunn	$790
Frayser	$771
Chickasaw Oaks	$766
Orange Mound	$760
University Area	$722

Memphis | Rent Comparison by Neighborhood

Rent in Midtown Memphis is 46% higher than in Alcy - Dunn

$1,149

Midtown Memphis rent is the same as Memphis average

Average Rent $1,149

$790

Alcy - Dunn rent is 31% lower than Memphis average

Average Rent $790

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.