1 Bedroom Apartments for Rent in the Peabody Neighborhood of Memphis, TN (210 Rentals)

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Affordable Memphis: The Best Neighborhoods with Character and Lower Rents

Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.

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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.

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Peabody, Memphis, TN Local Guide

Largest Available Peabody 1 Bedroom Apartments

The largest available 1 Bedroom apartment unit in the Peabody area of Memphis, TN is found at Parcels at Concourse and is listed at 1,135 square feet priced from $1,932. Here is today’s list of the largest available 2 Bedroom units in the area:

Apartment ListingModel NameSquare FootagePriced From
Parcels at ConcourseKismet 91,135 Sq Ft$1,932
31 S McLean BlvdOne Bedroom1,000 Sq Ft$1,050
Harbert Court Apartments - Central GardensApartment 11,000 Sq Ft$1,800
Art Lofts @ OvertonL3921 Sq Ft$1,599
The Melrose MidtownThe Ramona914 Sq Ft$1,349
The Linden2 Bedroom 1 Bath910 Sq Ft$1,275
The Biltmore - McAlpin ApartmentsSingle 900900 Sq Ft$950
Brinkleys ApartmentsThe Brinkley900 Sq Ft$1,299
Kings Reserve MemphisHawthorne890 Sq Ft$1,050
Belvedere Place875 Sq Ft$1,000

Cheapest Available Peabody 1 Bedroom Apartments

Currently the lowest priced 1 Bedroom apartment unit Peabody of Memphis, TN is the 1BR/1.0BA Model starting from $550 at 165 N Merton. The average price for all 1 Bedroom apartments in Peabody is currently $1,180. Here is today’s list of the cheapest available 1 Bedroom options in the area:

Apartment ListingModel NamePriced From
165 N Merton1BR/1.0BA$550
Melrose Court Apartments1 Bed, 1 bath$695
1154 Wilson StOne Bed One Bath$699
Village Square2054 #1$715
The Pulse Apartments1 Bedroom 1 Bathroom$779
Parkside Poplar Apartments1 Bedroom$795
Azur Tower1 Bedroom 1 Bathroom$798
Courtyard @ 1460 Monroe1 Bedroom, 1 Bathroom$799
Monroe Flats1 Bedroom, 1 Bathroom$799
Kings Reserve MemphisBeale Corner Grande$800

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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!

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Don'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.

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The 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.

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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.

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Quick 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.

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Pet Friendly Lifestyle
Peabody, Memphis, TN

Ranked #3

Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Tennessee and customized analysis for Northwest Central 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 rankings of the best places for convenient access to the outdoors, luxury amenities, places that make kids happy, raising pets, transit options, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Frequently Asked Questions about 1 Bedroom Peabody Apartments

What is the Cheapest apartment in Peabody with 1 Bedroom?

Currently the most affordable 1 Bedroom in Peabody is at 165 N Merton listed at $550.

How much is the average rent for a 1 Bedroom Peabody Apartment?

The average rent for a 1 Bedroom Apartment in Peabody is $1,180.

What is the largest available 1 Bedroom Peabody Apartment for rent?

Today's apartment with the most square footage in Peabody is a 1,135 square feet unit starting from $1,932 at Parcels at Concourse.

What is the average size for Peabody 1 Bedroom Apartments for rent?

The average size for a 1 Bedroom rental in Peabody is currently 698 sq ft.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.

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Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

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Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.