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


Madison East Apartments

The Alma

32 Claybrook

Delmar-Lema Village

The Courts Midtown

Crescendo Apartments

585 E Pkwy S

291 Red Oak St

1621 Glenview Ave

744 Lester St

Peabody Village

1058 Peabody Ave

Mclean Plaza

2954 Carrington Rd

1066 Greenlaw Ave

1319 Harbert Ave

Cane Creek Apartments

Cherokee Arms

528 E Pkwy N, Unit 9, Unit 9

2812 Amsden Ave

585 N Avalon St

Melrose Place Apartments

2045 Lamar Ave

Peabody Station Apartments

1733 Poplar Ave

667 Marechalneil St

665 Marechalneil St

2673 Midland Ave

804 Columbia St

1248 Greenwood St

Legends Park Apartments

220 South

3049 Carnes Ave

226 N McNeil St

445 Garland St

2020 Courtland Pl

142 S Humes St

1437 Castalia St

1271 Poplar Ave

2692 Select Ave

1757 Euclid Ave

425 Carpenter St

2853 Choctaw Ave

2855 Choctaw Ave

2405 Eastwood Ave

25 S Morrison St

Stonerose

Tucker Place

Rayner House Apartments
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.