
Cheap Apartments for Rent in the Peabody Neighborhood of Memphis, TN from $300 (200 Rentals) Page 3 of 4
Search the lowest-cost Apartments available for rent right now in the Peabody area of Memphis.


88 N Willett St, Unit #3, Unit #3

The Residence

The Midline Apartments

411 Tillman St

321 Pauline St

Divine Properties Complex

230 Cochran St

Peach Apartments

165 N Merton

2077 Lowell Ave

Medical Center Apartments

Edgewood Townhomes

684 Lipford St

SoMa 23

Barron Court

1111 North Pkwy

35 N Idlewild St

1154 Wilson St

Lapaloma Apartments

Manor Park Apartments

993 Oakview St

2859 NATHAN Ave

1160 Wilson St

Idlewild Terrace

669-677 Harrell St

Merriwether

Salem Manor Apartments

1077 Merriwether Ave

701 Glankler St

1279 Carr Ave

1513 Ragan St

144 N. Belvedere

Cooper-Young Apartments

The Vinton

Stonewall Park Apartments

Monroe Flats

Courtyard @ 1460 Monroe

Colonial Apartments

1214 Wilson St

464 Lipford St

1639 Southern Ave

Caprice

Almadura Apartments

2659 Whitman Ave

1659 Cooper St

1306 Carr Ave

3019 Carnes Ave

1320 Faxon Ave

302 Garland St
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 | $965 | $634 | $1,500 |
| Peabody 1 Bedroom Apartments | $1,176 | $695 | $2,300 |
| Peabody 2 Bedroom Apartments | $1,352 | $695 | $3,400 |
| Peabody 3 Bedroom Apartments | $1,766 | $825 | $3,400 |
| Peabody 4 Bedroom Apartments | $2,030 | $1,850 | $2,300 |
Browse Apartments in this Neighborhood
There are currently 200 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 $775.
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 $1,950.
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 233 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 $588 which is $1,362 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.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.