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 Oct / 2025, the average rent in Midtown Memphis is $1,161 per month, a 0.08% increase from last year’s average of $1,160.

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

In Midtown Memphis, studios rent for $932 per month, one-bedroom units average $1,125 per month, two-bedrooms cost around $1,451 per month, and three-bedroom apartments rent for about $1,935 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 536 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 46% 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: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Midtown Memphis is $1,161, a 0.08% increase compared to the previous year, when the average rent was $1,160.

Studio Apartments at $932 offer the most budget-friendly option with 536 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 650 square feet for $1,125, balancing privacy and affordability.

Two-beedroom units at $1,451 offer 951 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,476 sq ft) for $1,935, suitable for larger households.

Average rent in Midtown Memphis, Memphis, TN

Last updated: November 18, 2025

	Average Rent	Average Apartment Size
All Rentals	$1,161	693 sq. ft.
Studio	$932	536 sq. ft.
1 Bed	$1,125	650 sq. ft.
2 Beds	$1,451	951 sq. ft.
3 Beds	$1,935	1,476 sq. ft.

Midtown Memphis, Memphis, TN rent trends

Rental prices in Midtown Memphis, Memphis, TN have increased by 0.08% over the past year. The average rent moved from $1,160 to $1,161.

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

The largest share of rentals in Midtown Memphis, Memphis, TN (46%) 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.

Access comprehensive real estate data and information on Yardi Matrix

Most affordable neighborhoods in Midtown Memphis?

University Area $719/month

Orange Mound $732/month

Frayser $766/month

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

Most expensive neighborhoods in Midtown Memphis?

Binghampton $1,514/month

Uptown Memphis $1,570/month

Mud Island $1,603/month

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

Average Rent in Memphis, TN By Neighborhood

Neighborhood	Average Rent
Mud Island	$1,603
Uptown Memphis	$1,570
Binghampton	$1,514
Central Gardens	$1,510
South Riverdale	$1,494
Chickasaw Gardens	$1,471
Med District	$1,411
Windyke - Southwind	$1,409
Downtown Memphis	$1,395
Brennan	$1,385
River Oaks	$1,372
Cordova	$1,301
Lenox	$1,250
Normal Station	$1,213
New Chicago	$1,169
Midtown Memphis	$1,161
Bal - Moral	$1,154
Shelby Farms Park	$1,136
Colonial	$1,047
Hickory Hill	$1,033
Galloway	$1,029
Meadow Brook	$989
Southside Memphis	$986
Berclair	$939
Fox Meadows	$936
Raleigh	$915
O'brien	$908
Parkway Village	$906
Chickasaw Oaks	$848
Whitehaven	$818
Bethel Grove	$784
Oakhaven	$778
Frayser	$766
Orange Mound	$732
University Area	$719

Memphis | Rent Comparison by Neighborhood

Rent in Midtown Memphis is 1% higher than in Bal - Moral

$1,161

Midtown Memphis rent is the same as Memphis average

Average Rent $1,161

$1,154

Bal - Moral rent is 1% lower than Memphis average

Average Rent $1,154

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.