
Cheap Apartments for Rent in the Peabody Neighborhood of Memphis, TN from $335 (217 Rentals) Page 4 of 5
Search the lowest-cost Apartments available for rent right now in the Peabody area of Memphis.


32 Claybrook

Delmar-Lema Village

Madison East Apartments

682 BOSTON St

2187 Court Ave

2622 Whitman Ave

3019 Carnes Ave

859 Carson St

793 Inez St

The Courts Midtown

585 E Pkwy S

157 Roberta Dr

2360 Forest Ave

2812 Amsden Ave

129 Stonewall St

72 N Belvedere Blvd

1058 Peabody Ave

Peabody and Dudley

Mclean Plaza

528 E Pkwy N, Unit 9

1195 Dorothy Pl

38 S Bingham St

Marilyn on Monroe

1319 Harbert Ave

738 Buntyn St

Cane Creek Apartments

1882 E Person Ave

493 Boston St

432 N Montgomery St

1461 Wilson St

Melrose Place Apartments

997 Meda St

749 Bey St

925 S Cox St

714 Goodwyn St

1598 Marianna St

2093 Jefferson Ave

1733 Poplar Ave

2234 Madison Ave

1306 Carr Ave

2020 Courtland Pl

1287 Englewood St

3049 Carnes Ave

1248 Greenwood St

Legends Park Apartments

The Courtyard at Ironworks

214 Cochran Pl

2692 Select Ave

1242 Airways Blvd
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 | $971 | $634 | $1,520 |
| Peabody 1 Bedroom Apartments | $1,206 | $675 | $2,169 |
| Peabody 2 Bedroom Apartments | $1,562 | $750 | $3,528 |
| Peabody 3 Bedroom Apartments | $2,177 | $895 | $4,087 |
| Peabody 4 Bedroom Apartments | $2,476 | $1,600 | $3,864 |
Browse Apartments in this Neighborhood
There are currently 217 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.
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Articles, How-To's, and Tips

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.