Last updated
Average Rent in Midtown & Rent Trends
Rent prices and market trends across 3 apartment communities in Midtown, Memphis, TN. Updated daily.
Market Average
$2,295/mo
Lowest Available
$2,095/mo
cheapest unit on market
Communities
3
tracked daily
Units Listed
3
available now
Midtown vs Memphis, TN Average
Midtown is more expensive the Memphis, TN average by $838/mo (58%). The citywide average is $1,457/mo across all neighborhoods.
Is Rent Going Up or Down in Midtown?
As of June 2026, the average rent in Midtown is $2,295 per month across 3 apartment communities and 3 available units.
The most affordable option is Midtown Home starting at $2,095/mo. By unit type, a 3-bedroom averages $2,295/mo.
Prices range from $2,095 to $2,400 per month. The most common price point is the $2,200 range, where 2 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Midtown
Rent Prices by Apartment in Midtown
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Midtown Home | $2,095/mo | $2,095/mo | 1 | 4 |
| Bristol On Union Apartments | $2,390/mo | $2,390/mo | 1 | 4.5 |
| Madison Midtown Apartments | $2,400/mo | $2,400/mo | 1 | 4.6 |
Google Search Trends for Midtown Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Midtown
What is the average rent in Midtown?
Is rent going up or down in Midtown?
What is the cheapest apartment in Midtown?
How many apartments are available in Midtown?
What salary do I need to live comfortably in Midtown?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$92,000/year
Based on the 30 percent rule, using our tracked average rent of $2,295/mo.
Comfortable income
$110,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($2,095/mo), you need to earn at least $84,000/year.
Median household income in Midtown is $51,211 , about 54% below the comfortable-living threshold.
Cost of living in Midtown
Overall prices in Midtown runs below the national average by about 8% (BEA Regional Price Parity index 91.9, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Midtown's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,295 |
| Utilities | $332 |
| Groceries | $509 |
| Transportation | $792 |
| Healthcare | $386 |
| Other goods and services | $618 |
| Estimated total | $4,934/mo |
Population
629,063
Median household income
$51,211
Census median rent
$1,123/mo
Rent as % of income
32.9%
Median age
34.3
Mean commute
21 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Midtown Apartments
Browse all 3 communities with daily-updated pricing and availability.