
Cheap Apartments for Rent in the Peabody Neighborhood of Memphis, TN from $300 (212 Rentals) Page 5 of 5
Search the lowest-cost Apartments available for rent right now in the Peabody area of Memphis.


1271 Poplar Ave

44 N Belvedere Blvd

Clark Terrace Apartments

1162 Peabody Ave

1679 Parktown Pl

2076 Goff Ave

358 E Pkwy N

1947 Clovia Ln

Stonerose Apartments, Bldg 100

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 | $971 | $634 | $2,004 |
| Peabody 1 Bedroom Apartments | $1,208 | $695 | $1,944 |
| Peabody 2 Bedroom Apartments | $1,523 | $750 | $3,400 |
| Peabody 3 Bedroom Apartments | $1,825 | $895 | $3,400 |
| Peabody 4 Bedroom Apartments | $1,816 | $1,600 | $2,150 |
Browse Apartments in this Neighborhood
There are currently 212 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 $1,200.
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 173 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 $606 which is $594 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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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.