Cheap Apartments for Rent in the Peabody Neighborhood of Memphis, TN from $300 (84 Rentals) Page 2 of 2

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Peabody is under $800.

The cheapest apartment in Peabody is 165 N Merton which is listed at $550, while the average apartment in Peabody costs $16,550.

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 55 regular apartments in Peabody that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

Cheap apartments in Peabody have an average cost of $294 which is $16,256 cheaper than the average rent for all rentals in Peabody.