The Melrose Midtown
775 Melrose St,
Memphis, TN 38104
$1,099 - $1,599
Studio - 2 Beds
The neighborhood known as Southeast Memphis covers a huge section of the city, offering a large selection of apartment and rental options within minutes of Memphis’ most popular attractions and amenities. Downtown is only a few blocks away from the north end of the neighborhood, allowing residents to hop in anytime and take full advantage of the legendary dining, entertainment, and nightlife along Beale Street, catch a ball game at AutoZone Park, or explore the countless museums and galleries.
While most of Southeast Memphis is residential, it offers convenient access to some of the city’s biggest workplaces: the Medical District sits just outside the northern end of the neighborhood, Memphis Depot Industrial park sits near the center, and Memphis International Airport occupies the south side. The local rental market is extremely diverse throughout the neighborhood, with a huge selection of budget-friendly apartments and condos as well as swanky condos and single-family homes. Residents enjoy easy access to I-69, I-240, and Highway 78, making it a breeze to get anywhere from Southeast Memphis.
As of February 2026, the average apartment rent in Southeast Memphis is $814 for a studio, $890 for one bedroom, $1,004 for two bedrooms, and $1,288 for three bedrooms. Apartment rent in Southeast Memphis has decreased by -2.7% in the past year.
Studio
505 sq ft
Average Sq Ft
$814/month
Average Rent
1 BR
698 sq ft
Average Sq Ft
$890/month
Average Rent
2 BR
982 sq ft
Average Sq Ft
$1,004/month
Average Rent
3 BR
1,361 sq ft
Average Sq Ft
$1,288/month
Average Rent
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† 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 February 2026.