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.
Explore affordable Memphis neighborhoods like Victorian Village, Medical District, South Memphis, and Uptown. Find apartments where your rent goes further.
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peabody Studio Apartments | $986 | $634 | $1,913 |
| Peabody 1 Bedroom Apartments | $1,180 | $695 | $2,300 |
| Peabody 2 Bedroom Apartments | $1,437 | $725 | $3,400 |
| Peabody 3 Bedroom Apartments | $2,098 | $1,150 | $6,555 |
| Peabody 4 Bedroom Apartments | $2,458 | $1,500 | $6,860 |
There are currently 20 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 soon for top Peabody, TN apartments. Act fast and don’t miss out on an incredible deal on your perfect new place!
$99 on first full month of rent! Limited time Reduced rate!Expires 03-18-2026
March Madness Move-In Special Score Big 1 Month Free Split Over Your First 2 Months!Expires 03-18-2026
One Month Free!! Move in within the next two weeks and save! Contact leasing center for details.Expires 03-18-2026
Limited Time Offer: 1 Month Free on a 13-Month Lease!Expires 03-18-2026
New special you don't want to miss! $500 off for One Bedroom applications - Must move in by 3/31/2026 One month rent free for Two Bedroom applications - Must move in by 3/31/2026 *Restrictions and Additional Specials Apply - Speak to your Leasing Agent for more details.Expires 03-18-2026
Holiday Special! Now through the end of the year, enjoy $500 off your first full month when you move in!Expires 03-18-2026
Studios to three-bedroom apartments available with a $175 per month discount. Move in this month and get next month's rent free! *Limited time offerExpires 03-18-2026
Big city living. Bigger savings. Move in by 3/20/2026 and just $399 covers Marchs rent + admin, and your 1st full month is FREE.Expires 03-18-2026
Move In by March 15th and Receive Reduced Rates Plus Half Off First Two Months!Expires 03-18-2026
One Month Free Rent + 2 weeks free rent if you look and lease within 24 hours of touring! Contact our office for more details!!Expires 03-18-2026
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.
Be the first to live at the fabulous Madison Lofts! Scheduled tours are now available. Call to see why Madison Lofts is the only address to call home.Expires 05-31-2026
Half off rent this March and April; Apply today and move in by March 15th.Expires 03-31-2026
Call for rental specials.Expires 03-31-2026
Take advantage of our limited-time move-in offer! Enjoy ½ off your first month’s rent and have your pet fees waived. Don’t miss this chance to move into your new home at a great value—contact us today to schedule a tour and secure your apartment!Expires 03-31-2026
Move in payment of first months rent plus security deposit.Expires 04-30-2026
SPECIAL!! Move In Today At A Special One-Year Lease Rate At The Biltmore-McAlpin Apartments!! NEW TENANTS ENJOY 1/2 OFF THE FIRST MONTH RENT!Expires 04-30-2026
Opening Early 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 theyre gone!Expires 03-18-2026
One Month Free Rent + 2 weeks free rent if you look and lease within 24 hours of touring! Contact our office for more details!!Expires 03-18-2026
Studios to three-bedroom apartments available with a $175 per month discount. Move in this month and get next month's rent free! *Limited time offerExpires 03-18-2026
Big city living. Bigger savings. Move in by 3/20/2026 and just $399 covers Marchs rent + admin, and your 1st full month is FREE.Expires 03-18-2026
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleWhere 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 ArticleDiscover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleMoving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleDiscover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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 1154 Wilson St listed at $699.
The average rent for a Rent Specials Apartment in Peabody is $1,497.
Today's Rent Specials apartment with the most square footage in Peabody is a 1,904 square feet unit starting from $1,684 at Parcels at Concourse.
The average size for a Rent Specials rental in Peabody is currently at 557 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.
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