Urban Loft Co. Memphis- Utilties Included
440 Monroe Ave,
Memphis, TN 38103
$1,400 - $1,850 Total Monthly Price
1 Bed
Area Guide
Medical District Memphis, TN
Once just a center for medical care in Memphis, now an up-and-coming active community
Economy
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Community
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Convenient
Located just a few blocks east of Downtown Memphis and stretching from Danny Thomas Boulevard to Interstate 69, the Medical District of Memphis is quickly becoming a neighborhood known for its character, rather than its industry. Characterized by high-rise apartment buildings interspersed among medical and office buildings, and low-rise, mid-century apartment buildings along both sides of Cleveland Avenue have attracted a growing and diverse population. This is obviously a convenient neighborhood for anyone who works in or associated with the growing medical industry in Downtown Memphis. Such a large employment force means there are plenty of restaurants and entertainment choices, and the center of Memphis is just a few minutes’ walk away.
Rent Trends
As of June 2026, the average apartment rent in Medical District is $921 for a studio, $1,213 for one bedroom, $1,382 for two bedrooms, and $923 for three bedrooms. Apartment rent in Medical District has increased by 2.9% in the past year.
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Studio
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627 sq ft
Average Sq Ft
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$921/month
Average Rent
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1 BR
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582 sq ft
Average Sq Ft
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$1,213/month
Average Rent
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2 BR
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896 sq ft
Average Sq Ft
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$1,382/month
Average Rent
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3 BR
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1,165 sq ft
Average Sq Ft
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$923/month
Average Rent
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Medical District - Memphis, TN is for everyday living.
Moderately Walkable
Walkability
70
/ 100
Limited Public Transit
Transit
30
/ 100
Very Drivable
Drivability
80
/ 100
Fairly Bikeable
Bikeability
50
/ 100
Daily Essentials
Medical District - Memphis, TN offers all daily essentials, but they’re limited to a few main areas.
Supermarket Within a 5 Minute Walk
Groceries
90
/ 100
Great Restaurant Variety Nearby
Restaurants
80
/ 100
Fair Café Variety Nearby
Cafes
50
/ 100
Good Variety of Shops Nearby
Shopping
60
/ 100
Recreation
Medical District - Memphis, TN provides green space and wellness resources in certain areas.
Large Amount of Park Space Nearby
Parks
70
/ 100
Limited Wellness Amenity Variety Nearby
Wellness
30
/ 100
Local Vibe
Get a sense of what it’s like to live in Medical District - Memphis, TN from everyday activity to noise and nightlife.
Vibrant Atmosphere at Times
Vibrancy
40
/ 100
Great Nightlife Variety Nearby
Nightlife
80
/ 100
Very Noisy
Quiet Score
20
/ 100
Scores provided by
Points of Interest
Parks and Recreation
- Mississippi River Museum at Mud Island
- Memphis Zoo
- Children's Museum of Memphis
- Sharpe Planetarium
- Memphis Botanic Garden
Commuter Rail
Military Bases
Airports
- Memphis International
Top Apartments in Medical District
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.