The Creative Heart of Memphis

Midtown Memphis is the city's most walkable, culturally rich neighborhood. From the restaurants and live music venues of Cooper-Young to the theaters and shops of Overton Square, Midtown draws young professionals, medical workers, artists, and families who want character and convenience. The area features a mix of historic bungalows, Craftsman homes, duplexes, and apartment buildings — making it one of Memphis's most active and diverse rental markets.

Longstep Property Solutions provides full-service property management for Midtown Memphis owners — handling everything from tenant screening and lease management to maintenance coordination and rent collection for long-term rentals, plus full-service short-term rental management for owners on platforms like Airbnb and Vrbo. We know these streets because we're local, and we manage properties across Midtown's distinct sub-neighborhoods so you get area-specific expertise, not a one-size-fits-all approach.

Midtown's Key Sub-Neighborhoods

Cooper-Young

Cooper-Young is one of Memphis's most sought-after neighborhoods for renters. Centered around the intersection of Cooper Street and Young Avenue, it's packed with independent restaurants, bars, coffee shops, and boutiques. The annual Cooper-Young Festival draws over 130,000 visitors. Rental properties here — mostly bungalows, duplexes, and small apartment buildings — stay occupied with minimal vacancy thanks to the area's walkability, nightlife, and strong community identity.

Overton Square & Overton Park

Overton Square has experienced a major revival with new restaurants, theaters including Hattiloo and Playhouse on the Square, and boutique retail. Adjacent Overton Park is home to the Memphis Zoo, the Memphis Brooks Museum of Art, and the Old Forest State Natural Area. Properties near the square command premium rents thanks to entertainment and green space access. This area is especially popular with young professionals and couples.

Medical District

Downtown Memphis is the epicenter of the city’s short-term rental market. Proximity to Beale Street, the convention center, FedExForum, and the riverfront drives consistent tourist and business traveler demand throughout the year, with peak seasons in spring and fall.

Midtown Memphis Long-Term Rental Market

Midtown Memphis has strong and consistent long-term rental demand driven by its walkability, cultural amenities, and proximity to major medical employers. The housing stock ranges from early 1900s bungalows and Craftsman homes to mid-century apartments and renovated duplexes, appealing to a wide tenant pool — from young professionals and graduate students to medical workers and families.

One thing that makes Midtown stand out: 58% of households are renter-occupied, one of the highest rates in the metro area. That means the infrastructure, services, and culture here are built around renters, which translates to strong demand and lower turnover when properties are well-managed and competitively priced..

$1,403

Average Monthly Rent

$1,310

2-Bedroom Average

+1.49%

Year-over-Year Growth

13.6%

Metro Vacancy Rate

Midtown Memphis Short-Term Rental Market

Midtown's short-term rental market caters to a different guest than Downtown — think visitors attending events at Overton Park, families in town for medical appointments at St. Jude or Le Bonheur, and travelers who want a neighborhood experience over a hotel stay. Cooper-Young and Overton Square are the strongest STR micro-markets in Midtown, with walkable access to restaurants, bars, and local shops driving repeat bookings and strong guest reviews.

$131-$179

Average Daily Rate

54%

Average Occupancy

1,945+

Active Memphis Listings

$35-$50K+

Annual STR Revenue

Memphis Short-Term Rental Permit Requirements