
Cheap Apartments for Rent in the Peabody Neighborhood of Memphis, TN from $300 (203 Rentals) Page 3 of 5
Search the lowest-cost Apartments available for rent right now in the Peabody area of Memphis.


The Midline Apartments

411 Tillman St

321 Pauline St

Divine Properties Complex

230 Cochran St

Peach Apartments

165 N Merton

Medical Center Apartments

Edgewood Townhomes

Brentwood Parc

SoMa 23

684 Lipford St

1903 S Pkwy E

1277 Carr Ave

35 N Idlewild St

Merton Manor Apartments

Lapaloma Apartments

Manor Park Apartments

1393 Lapaloma St

Barron Court

Idlewild Terrace

2966 Yale Ave

2859 NATHAN Ave

2468 Yale Ave

2412 Forest Ave

170 Roberta Dr

993 Oakview St

669-677 Harrell St

Salem Manor Apartments

1077 Merriwether Ave

Melrose Place Apartments

128 Stonewall St, Unit 7

Belvedere Gardens Condominiums

2054 Jefferson Ave

Cooper-Young Apartments

The Vinton

144 N. Belvedere

2269 LONGSTREET Dr

Courtyard @ 1460 Monroe

Stonewall Park Apartments

Monroe Flats

Colonial Apartments

1434 Lapaloma St

1639 Southern Ave

Caprice

Almadura Apartments

The Courts Midtown

1659 Cooper St

2147 Turner Ave
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 | $975 | $634 | $2,079 |
| Peabody 1 Bedroom Apartments | $1,163 | $695 | $2,300 |
| Peabody 2 Bedroom Apartments | $1,364 | $725 | $3,400 |
| Peabody 3 Bedroom Apartments | $1,949 | $825 | $6,253 |
| Peabody 4 Bedroom Apartments | $2,543 | $1,500 | $6,790 |
Browse Apartments in this Neighborhood
There are currently 203 rentals with your search options within a 2 mile radius of the Peabody Neighborhood of Memphis, TN.
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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 $795.
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 $4,520.
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 86 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 $560 which is $3,960 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.

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.

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.