
Cheap Apartments for Rent in the Peabody Neighborhood of Memphis, TN from $300 (203 Rentals) Page 4 of 5
Search the lowest-cost Apartments available for rent right now in the Peabody area of Memphis.


1417 Rayner St

The Alma

32 Claybrook

Delmar-Lema Village

Madison East Apartments

Crescendo Apartments

Peabody Village

1058 Peabody Ave

139 N Claybrook St

1001 Tanglewood St

Mclean Plaza

1066 Greenlaw Ave

528 E Pkwy N, Unit 15

1319 Harbert Ave

257 Buntyn St

744 Lester St

2045 Lamar Ave

2415 Arlington Ave

Cane Creek Apartments

1733 Poplar Ave

72 N Belvedere Blvd

227 N Willett St

2020 Courtland Pl

1170 Peabody Ave

Legends Park Apartments

Dawson's Manor

665 Marechalneil St

667 Marechalneil St

157 Roberta Dr

2380 Forest Ave

3049 Carnes Ave

226 N McNeil St

2395 Forest Ave

824 Carson St

1437 Castalia St

2577 Select Ave

2692 Select Ave

1271 Poplar Ave

1917 Cloverdale Dr

495 Dickinson St

1757 Euclid Ave

2736 Enterprise Ave

497-497 Dickinson St

2405 Eastwood Ave

1375 Cooper St

2853 Choctaw Ave

2855 Choctaw Ave

1373 Cooper St

Stonerose
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 | $977 | $634 | $2,079 |
| Peabody 1 Bedroom Apartments | $1,160 | $695 | $2,300 |
| Peabody 2 Bedroom Apartments | $1,366 | $725 | $3,400 |
| Peabody 3 Bedroom Apartments | $1,952 | $825 | $6,316 |
| Peabody 4 Bedroom Apartments | $2,541 | $1,500 | $6,785 |
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.