
Cheap Apartments for Rent in the Peabody Neighborhood of Memphis, TN from $300 (222 Rentals) Page 5 of 5
Search the lowest-cost Apartments available for rent right now in the Peabody area of Memphis.


761 Goodwyn St

2692 Select Ave

1271 Poplar Ave

72 S Larchmont Dr

425 Carpenter St

25 S Morrison St

2405 Eastwood Ave

Rayner House Apartments

Stonerose

Tucker Place

2855 Choctaw Ave

2853 Choctaw Ave

2384 Forest Ave

2676 Central Terrace

1114 Azalia St

318 Red Oak St

2246 Vinton Ave

The Avalon

2967 Forest Ave

2022 Courtland Pl

Parkway Arms 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 | $1,212 | $495 | $2,010 |
| Peabody 2 Bedroom Apartments | $1,394 | $750 | $3,400 |
| Peabody 3 Bedroom Apartments | $1,758 | $825 | $3,400 |
| Peabody 4 Bedroom Apartments | $1,933 | $1,800 | $2,150 |
Browse Apartments in this Neighborhood
There are currently 222 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 $1,850.
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 123 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 $567 which is $1,283 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.
Helpful Local Expert Guides

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Articles, How-To's, and Tips

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
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
Written by: Christine Leonard, Esq.
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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.