
3 Bedroom Apartments for Rent in the Peabody Neighborhood of Memphis, TN (36 Rentals)


Bristol On Union Apartment Homes

Parkview Apartments

Kings Reserve Memphis

Hollywood Square

Parcels at Concourse

665 E Pkwy S

30 N Auburndale St

1074 S Barksdale St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

665 E Pkwy S

216 N Hollywood St

286 Malvern St

83 Cooper St

593 N Avalon St

1517 Court Ave

The Villas at Chickasaw

Hollywood Manor

1441 Eastmoreland Ave
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.

2851 Carnes Ave

1337 Harbert Ave

1072 S Barksdale St

1299 Dunnavant St

1829 Carr Ave

Oak Park Apartments

1333 Harbert Ave

2283 Young Ave

2395 Avery Ave
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.

750-758 Meda St

Cane Creek Apartments

Manor Park Apartments

Cooper-Young Apartments

Salem Manor Apartments

Chickasaw Place Apartments

1058 Peabody Ave

Merton Manor Apartments

Legends Park Apartments
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.
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 | $986 | $634 | $1,913 |
| Peabody 1 Bedroom Apartments | $1,180 | $695 | $2,300 |
| Peabody 2 Bedroom Apartments | $1,437 | $725 | $3,400 |
Peabody 3 Bedroom Apartments | $2,098 | $1,150 | $6,555 |
| Peabody 4 Bedroom Apartments | $2,458 | $1,500 | $6,860 |
Browse Apartments in this Neighborhood
There are currently 36 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
- Nearby Memphis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Largest Available Peabody 3 Bedroom Apartments
The largest available 3 Bedroom apartment unit in the Peabody area of Memphis, TN is found at Bristol On Union Apartment Homes and is listed at 1,442 square feet priced from $2,390. Here is today’s list of the largest available 2 Bedroom units in the area:
| Apartment Listing | Model Name | Square Footage | Priced From |
|---|---|---|---|
| Bristol On Union Apartment Homes | St James, 3 Bedroom 2 Bath | 1,442 Sq Ft | $2,390 |
| Kings Reserve Memphis | Galloway | 1,221 Sq Ft | $1,325 |
| Hollywood Square | 3BD/1BA Downstairs | 1,200 Sq Ft | $1,150 |
Cheapest Available Peabody 3 Bedroom Apartments
Currently the lowest priced 3 Bedroom apartment unit Peabody of Memphis, TN is the 3BD/1BA Upstairs Model starting from $1,150 at Hollywood Square. The average price for all 3 Bedroom apartments in Peabody is currently $2,098. Here is today’s list of the cheapest available 3 Bedroom options in the area:
| Apartment Listing | Model Name | Priced From |
|---|---|---|
| Hollywood Square | 3BD/1BA Upstairs | $1,150 |
| Kings Reserve Memphis | Galloway | $1,325 |
| Bristol On Union Apartment Homes | St James, 3 Bedroom 2 Bath | $2,390 |
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.
Read ArticleCollege 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 ArticleCash 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.
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 #3
Among cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
Our team compiles millions of data points to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States and customized analysis for Central Memphis. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. 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 other valuable search options. These search options are in the site filters at the top of this page.
Frequently Asked Questions about 3 Bedroom Peabody Apartments
What is the Cheapest apartment in Peabody with 3 Bedroom?
Currently the most affordable 3 Bedroom in Peabody is at Hollywood Square listed at $1,150.
How much is the average rent for a 3 Bedroom Peabody Apartment?
The average rent for a 3 Bedroom Apartment in Peabody is $2,098.
What is the largest available 3 Bedroom Peabody Apartment for rent?
Today's apartment with the most square footage in Peabody is a 1,442 square feet unit starting from $2,390 at Bristol On Union Apartment Homes.
What is the average size for Peabody 3 Bedroom Apartments for rent?
The average size for a 3 Bedroom rental in Peabody is currently 1,350 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

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.