Cheap Apartments for Rent in the Peabody Neighborhood of Memphis, TN from $335 (218 Rentals) Page 3 of 5

Search the lowest-cost Apartments available for rent right now in the Peabody area of Memphis.

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1 to 2 Bedroom Apartments

Divine Properties Complex

1043 College StMemphis, TN 38106

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2 Bedroom Apartments

230 Cochran St

230 Cochran StMemphis, TN 38105

Utilities Included

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1 Bedroom Apartments

Peach Apartments

1330 Peach AveMemphis, TN 38104

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1 Bedroom Apartments

165 N Merton

165 N Merton StMemphis, TN 38112

Student Housing

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1 Bedroom Apartments

195 Hawthrone

1778 PoplarMemphis, TN 38104

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1 Bedroom Apartments

Medical Center Apartments

1177 Linden AveMemphis, TN 38104

Utilities Included

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1 Bedroom Apartments

1111 N Parkway

1111 N ParkwayMemphis, TN 38105

$600

1 Bedroom, 1 Bath Condo for Rent

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1111 North Pkwy

MemphisTN38105

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2 Bedroom Apartments

Edgewood Townhomes

1903 S Parkway EMemphis, TN 38114

Utilities Included

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2 Bedroom Apartments

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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.

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$649

2 Bedroom, 1 Bath Home for Rent

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2861 Nathan Ave

MemphisTN38112

$649

2 Bedroom, 1 Bath Townhome for Rent

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2859 NATHAN Ave

MemphisTN38112

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Studio to 1 Bedroom Apartments

1298 Carr

1298 Carr AveMemphis, TN 38104

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1 Bedroom Apartments

148 Stonewall Pl

148 Stonewall StMemphis, TN 38104

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Studio to 2 Bedroom Apartments

SoMa 23

23 S Pauline StMemphis, TN 38104

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2 Bedroom Apartments

Barron Court

3015 Barron AveMemphis, TN 38114

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Studio to 2 Bedroom Apartments

35 N Idlewild St

35 N Idlewild StMemphis, TN 38104

Corporate Housing

$695

1 Bedroom Rentals

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525 N Waldran Blvd

MemphisTN38105

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1 Bedroom Apartments

1154 Wilson St

1154 Wilson StMemphis, TN 38106

Utilities Included

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1 to 2 Bedroom Apartments

Lapaloma Apartments

1393 Lapaloma CirMemphis, TN 38114

Utilities Included

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.

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1 to 3 Bedroom Apartments

Manor Park Apartments

1500 Parkway View CirMemphis, TN 38106

Utilities Included

$700

1 Bedroom, 1 Bath Home for Rent

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464 Glankler St

MemphisTN38112

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1 Bedroom Apartments

Idlewild Terrace

32 Idlewild StMemphis, TN 38104

Utilities Included

$720

2 Bedroom Rentals

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151 N Belvedere Blvd

MemphisTN38104

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1 Bedroom Apartments

Merton Place

39 N MertonMemphis, TN 38112

$745

2 Bedroom, 1 Bath Home for Rent

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1659 Cooper St

MemphisTN38114

$750

1 Bedroom, 1 Bath Home for Rent

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1450 Oaklawn St

MemphisTN38114

$750

1 Bedroom, 1 Bath Townhome for Rent

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464 Lipford St

MemphisTN38112

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1 Bedroom Apartments

Merriwether

1095 Merriwether AveMemphis, TN 38105

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1 to 3 Bedroom Apartments

Salem Manor Apartments

2270 S Parkway EMemphis, TN 38114

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1 Bedroom Apartments

Village Square

2024 Jefferson AveMemphis, TN 38104

Utilities Included

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1 Bedroom Apartments

1077 Merriwether Ave

1077 Merriwether AveMemphis, TN 38105

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Studio to 1 Bedroom Apartments

669-677 Harrell St

669-677 Harrell StMemphis, TN 38112

$775

2 Bedroom, 1 Bath Home for Rent

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1493 Gaither St

MemphisTN38106

$785

1 Bedroom, 1 Bath Condo for Rent

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302 Garland St

MemphisTN38104

$790

2 Bedroom, 1 Bath Townhome for Rent

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2972 Hale Ave

MemphisTN38112

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2 Bedroom Apartments

Belvedere Apartments

144 N Belvedere BlvdMemphis, TN 38104

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2 Bedroom Apartments

The Vinton

1307 Vinton AveMemphis, TN 38104

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1 to 3 Bedroom Apartments

Cooper-Young Apartments

1103 S Cooper StMemphis, TN 38114

$795

2 Bedroom, 1 Bath Home for Rent

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291 Red Oak St

MemphisTN38112

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1 Bedroom Apartments

Monroe Flats

1490 Monroe AveMemphis, TN 38104

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1 Bedroom Apartments

Stonewall Park Apartments

142 Stonewall StMemphis, TN 38104

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1 Bedroom Apartments

Courtyard @ 1460 Monroe

1460 Monroe AveMemphis, TN 38104

Utilities Included

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1 to 2 Bedroom Apartments

Colonial Apartments

1220 Madison AveMemphis, TN 38104

$805

1 Bedroom, 1 Bath Condo for Rent

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1639 Southern Ave

MemphisTN38114

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2 Bedroom Apartments

Caprice

1259 Harbert AveMemphis, TN 38104

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Studio to 2 Bedroom Apartments

Almadura Apartments

175 Stonewall StMemphis, TN 38104

$825

2 Bedroom, 1 Bath Townhome for Rent

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1066 Greenlaw Ave

MemphisTN38105

$839

2 Bedroom, 1 Bath Townhome for Rent

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2659 Whitman Ave

MemphisTN38112

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2 Bedroom Apartments

2187 Court

2187 CourtMemphis, TN 38104

Showing Results 101-150, Page 3 of 5

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	$960	$634	$1,514
Peabody 1 Bedroom Apartments	$1,201	$695	$1,988
Peabody 2 Bedroom Apartments	$1,542	$750	$3,400
Peabody 3 Bedroom Apartments	$1,826	$895	$3,400
Peabody 4 Bedroom Apartments	$1,816	$1,600	$2,150

Browse Apartments in this Neighborhood

There are currently 218 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 $725.

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 $1,254.

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 85 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 $521 which is $733 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.

Helpful Local Expert Guides

Memphis, Tennessee: A Local Expert's Insider Guide to the Bluff City

Written by: Joshua Carlucci

Hello from Memphis, Tennessee. I'm Josh, your ApartmentHomeLiving.com Local Expert for Memphis, and I spent years in this city eating, writing, cooking, studying, and getting to know it block by block.