
Cheap Apartments for Rent in the Peabody Neighborhood of Memphis, TN from $300 (190 Rentals) Page 4 of 4
Search the lowest-cost Apartments available for rent right now in the Peabody area of Memphis.


The Courts Midtown

Crescendo Apartments

585 E Pkwy S

2812 Amsden Ave

2360 Forest Ave

1058 Peabody Ave

1170 Peabody Ave

Mclean Plaza

682 BOSTON St

2954 Carrington Rd

528 E Pkwy N, Unit 9

1195 Dorothy Pl

1066 Greenlaw Ave

2045 Lamar Ave

1319 Harbert Ave

2088 Elzey Ave

482 Marianna St

738 Buntyn St

2673 Midland Ave

804 Columbia St

Cane Creek Apartments

The Wendell

Melrose Place Apartments

1733 Poplar Ave

793 Inez St

859 Carson St

157 Roberta Dr

1287 Englewood St

1248 Greenwood St

Legends Park Apartments

2093 Jefferson Ave

The Courtyard at Ironworks

214 Cochran Pl

1669 Gaither St

2020 Courtland Pl

3049 Carnes Ave

200 Stonewall St

226 N McNeil St

761 Goodwyn 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 | $967 | $634 | $1,500 |
| Peabody 1 Bedroom Apartments | $1,217 | $495 | $2,055 |
| Peabody 2 Bedroom Apartments | $1,455 | $750 | $3,400 |
| Peabody 3 Bedroom Apartments | $1,710 | $825 | $3,400 |
| Peabody 4 Bedroom Apartments | $2,000 | $1,850 | $2,150 |
Browse Apartments in this Neighborhood
There are currently 190 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 $750.
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 $2,000.
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 90 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 $607 which is $1,393 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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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.