Apartments in the Peabody area of Memphis with special offers and discounts available right now - opportunities to save money or get a month or more of free rent.
Moving to the Bluff City? Get the insider’s guide on Memphis life, from specific neighborhood personalities and current average rent, to the best barbecue and live music spots.
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Memphis apartment guide from a local expert, breaking down neighborhoods, average rent, and ideal commute times near the 5 largest employers - FedEx, St. Jude, U of M, Methodist, and AutoZone.
Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.
| 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 |
There are currently 31 rentals with your search options within a 2 mile radius of the Peabody Neighborhood of Memphis, TN.
See all Apartments in MemphisTake advantage of these move-in and rent specials that are ending this month for top Peabody, TN apartments. Act fast and don’t miss out on an incredible deal on your perfect new place!
FREE 5 X 12 SELF STORAGE UNIT at the building next door. Medical Center Self Storage. 1045 Jefferson Ave Memphis, TN 38104 The rental office for both Faulkner Court Apartments and Medical Center Self Storage are at this location.Expires August 31, 2026
Come tour with us here at The Gilmore and reserve your unit the same day to receive ONE MONTH FREE! Call to reserve your address at Midtown's Historic Gilmore Apartments today!Expires August 31, 2026
RENT SPECIAL!! MOVE IN TODAY AND ENJOY 1/2 OFF RENT FOR THE FIRST MONTH!!Expires August 31, 2026
RENT SPECIAL – LIMITED TIME ONLY!! MOVE IN TODAY & ENJOY 1/2 OFF THE FIRST MONTH RENT!!Expires August 31, 2026
CALL FOR RENT SPECIAL MULTIPLE OPTIONS!!Expires August 31, 2026
Call for this beautiful unit!Expires August 31, 2026
Half Off First Month's Rent - No Application Fee - PLUS: Free 12 Month Gym Membership OR Free TV for Unit!! Must sign lease in August!!Expires August 31, 2026
Two Months Rent Free!!Expires August 31, 2026
Call for this gorgeous unit! NEW in unit washer/dryer!Expires August 31, 2026
Receive up to $750 Off Your First Full Month’s Rent When You Move In By 08/31/2026!* Ask About Our Limited-Time Look & Lease Special! Restrictions May ApplyExpires August 16, 2026
Here are the most recently added special offers for renters looking to find the best deals on apartments in Peabody, TN. Be sure to take advantage of some of the area’s top offers.
FREE 5 X 12 SELF STORAGE UNIT at the building next door. Medical Center Self Storage. 1045 Jefferson Ave Memphis, TN 38104 The rental office for both Faulkner Court Apartments and Medical Center Self Storage are at this location.
Half Off First Month's Rent - No Application Fee - PLUS: Free 12 Month Gym Membership OR Free TV for Unit!! Must sign lease in August!!
Call for this beautiful unit!
Call for this gorgeous unit! NEW in unit washer/dryer!
Limited summer availability — call today for current rates and available floor plans.
RENT SPECIAL - Ask about our student and healthcare employees specials while on tour!! 08/07/2026–09/30/2026 Application Special: The $150 application processing fee is currently waived. Applicants pay only the $35 screening fee. 08/07/2026–08/31/2026 13-Month Lease Special: Receive a rent credit equal to 15 days of rent, applied in the second month of the lease.
Opening Fall 2026! Secure your place today by applying for our preleasing waitlist. Be among the first to choose your ideal floor plan, floor level, or scenic view before they’re gone!
That's 6 WEEKS FREE when you make your move! Move in by 8/25 to claim this limited-time special!
CALL FOR RENT SPECIAL MULTIPLE OPTIONS!!
Summer in the city starts at Madison@McLean. Schedule a tour and ask about current availability today.
Where do Memphis students actually live? Our local expert reveals the best affordable neighborhoods to rent near U of M, Rhodes, and CBU. Get local tips & save on rent!
Read ArticleFrom the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleThe common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
If you’re an expert on all things Peabody, tell us what you love (and don't) by rating it and writing a review.
Write a ReviewAmong cities in Tennessee for Apartment listings with Pet Friendly Amenities.
Currently the most affordable Rent Specials Apartment in Peabody is at Barksdale Flats listed at $559.
The average rent for a Rent Specials Apartment in Peabody is $1,378.
Today's Rent Specials apartment with the most square footage in Peabody is a 2,300 square feet unit starting from $559 at Barksdale Flats.
The average size for a Rent Specials rental in Peabody is currently at 633 sq ft.
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.
Written by: Joshua Carlucci
Hello from Memphis, Tennessee. I'm Josh, your ApartmentHomeLiving.com Local Expert for Memphis, and I spent years in this city eating, writing, cooking, studying, and getting to know it block by block.
Written by: Joshua Carlucci
I'm Josh, your ApartmentHomeLiving.
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Written by: Joshua Carlucci
I’m Josh, your ApartmentHomeLiving.com Local Expert for Memphis.
Written by: Robin Stewart
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.
Written by: Robin Stewart
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.
Written by: Robin Stewart
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.
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.
We'll check your Peabody review to ensure it meets our Review Guidelines.
Thank you!
