
Apartments for Rent in the Peabody Neighborhood of Memphis, TN (663 Rentals)


Madison Midtown

The Melrose Midtown

Link Apartments® Broad Ave

Bristol On Union Apartment Homes

Art Lofts @ Overton

Barksdale Flats

The Citizen Apartments

Courtyard @ Ironworks

Azur Tower
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Bonsai at Central Gardens

Studio Rasa

Kings Reserve Memphis

The Gilmore Apartments

Park Terrace

At The Park Apartments

Madison at McLean
Affordable Memphis: The Best Neighborhoods with Character and Lower Rents
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Courtyard @ 1161 Poplar

Kimbrough Towers

The Galloway @ Evergreen

The Biltmore - McAlpin Apartments

Parkway Arms Apartments

200 Stonewall St
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Belvedere Gardens Condominiums

Central Gardens

Memphis Towers Senior Living

Overton Garden Apartments

31 S McLean Blvd

Madison Gardens Apartments

The Flats @ Cooper Young

Eleven60

Parkside Poplar Apartments

Peabody Place
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Parkway Place Apartments

Parcels at Concourse

Faulkner Court Apartments

Madison Lofts

Peabody Falls Apartments
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Peabody, Memphis, TN Local Guide

How much does it cost to rent an apartment in Peabody?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peabody Studio Apartments | $1,000 | $725 | $1,734 |
| Peabody 1 Bedroom Apartments | $1,227 | $625 | $2,073 |
| Peabody 2 Bedroom Apartments | $1,439 | $625 | $3,400 |
| Peabody 3 Bedroom Apartments | $2,151 | $1,000 | $5,305 |
| Peabody 4 Bedroom Apartments | $2,448 | $1,500 | $4,675 |
Browse Apartments in this Neighborhood
There are currently 663 rentals with your search options within a 2 mile radius of the Peabody Neighborhood of Memphis, TN.
See all Apartments in MemphisExplore Memphis
Peabody, Memphis, TN Local Guide
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College Life in Memphis: Affordable Neighborhoods Where Students Rent and Thrive
Where do Memphis students actually live? Our local expert reveals the best affordable neighborhoods to rent near U of M, Rhodes, and CBU. Get local tips & save on rent!
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleHow a Move-In Inspection Can Protect Your Security Deposit
Learn How a Move-In Inspection Can Protect Your Security Deposit from the Renter University at AparmentHomeLiving.com.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestylePeabody, Memphis, TN
Ranked #7
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
Our team is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Memphis. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, pet-friendly features, multifamily communities for the kids, proximity to transit, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!
Family-Friendly Rating
Do you have a family with little ones? Amongst all of the neighborhoods in Memphis, this neighborhood has now become known as one of our preferred submarkets for families, with a score of 4.0 out of 4. Family Friendly communities have features that support parents and kids in having fun and being healthy together. These features include things like green spaces, and having the finest learning and education resources available.
Luxury Living Rating
This area is now ranked as amongst the finest high-end submarkets in town, with a score of 4.0 out of 4. Luxury Lifestyle Scoring is based on having high-end community amenities like shared social spaces, lounges, pools, concierge services, views, access to parks, and nice home amenities like granite or quartz countertops and stainless steel appliances. Luxury communities also often offer hardwood floors and fireplaces, raquetball courts, and for some communities, even a doorman to greet residents.
Pet Friendly Rating
This section of Memphis ranks highly for raising pets (dogs and cats), with a score of 4.0 out of 4.
Frequently Asked Questions about Peabody
How much are Studio apartments in Peabody?
There are currently 357 Studio Apartments in Peabody with rent ranges from $725 to $1,734 with an average price of $1,000.
What is the current price range for One Bedroom Peabody Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Peabody ranges from $625 to $2,073 with an average monthly rent of $1,227.
What does renting a Two Bedroom Apartment in Peabody cost?
The monthly rent prices of Two Bedroom Apartments currently available in Peabody range from $625 to $3,400. Today's average rental price for Two Bedrooms here is $1,439.
How expensive are Peabody Three Bedroom Apartments?
There are currently 33 Three Bedroom Apartments listings available in Peabody on ApartmentHomeLiving.com. The pricing ranges from $1,000 to $5,305 - averaging $2,151 for the location.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.











