close
View Me
Cheap 1 Bedroom Apartments for Rent in the Peabody Neighborhood of Memphis, TN from $695 (61 Rentals) Page 2 of 2
close
View Me
close
View Me
close
View Me
close
View Me
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.
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
close
View Me
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 | $961 | $200 | $1,784 |
Peabody 1 Bedroom Apartments | $1,182 | $695 | $2,025 |
| Peabody 2 Bedroom Apartments | $1,423 | $625 | $3,400 |
| Peabody 3 Bedroom Apartments | $2,387 | $1,375 | $6,042 |
| Peabody 4 Bedroom Apartments | $2,321 | $1,500 | $4,314 |
Explore Memphis
Let everyone know!
Do you know the Peabody area?
If you’re an expert on all things Peabody, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Frequently Asked Questions about Cheap Peabody Apartments
What is a cheap apartment in Peabody?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Peabody is under $798.
What is the price of a cheap apartment in Peabody?
The cheapest apartment in Peabody is 165 N Merton which is listed at $550, while the average apartment in Peabody costs $3,245.
What types of apartments are the cheapest in Peabody?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 99 regular apartments in Peabody that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Peabody?
Cheap apartments in Peabody have an average cost of $518 which is $2,727 cheaper than the average rent for all rentals in Peabody.
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
Affordable Memphis: The Best Lower Priced Neighborhoods with Character
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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!